Why are you moving to Florida? Senior leaders express the direction of a pro-Business environment

Florida’s rise as a magnet for wealth, business and culture shows no signs of slowing down.

From luxury yachts to fine dining and World-Class Real Estate, the combination of the Sunshine state of the state, Sulation Income tax and the year continues to shine in the sun to attract both businessmen and investors – and top leaders say it’s just the beginning.

“What we’re seeing is that more people are looking for this lifestyle, and when you cater to the need, you tend to be more successful,” Naftali group chairman and CEO Miki Naftali told the Fort Lauderdale International Boat Bow earlier this month.

“They visit, they stay, they see that the business is good and they can create their office here,” said President of the US Boat Show and Andrew Doole. “And I think we’ve seen a lot of companies in the three big cities – Miami, Fort Lauderdale, West Palm Beach – Investing in south Florida.”

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“We’re coast to coast, with restaurants in the United States from Beverly Hill to New York City, but 25% of our business is now in south Florida,” Studareateur Cameron Mitchell added. “We’re making a big investment in South Florida, and we’re going to continue to do that. If Min [had] My way – I’m kidding, but I’m in, if I can just build restaurants in Florida, that’ll be great. “

From 2019 to 2024, real gross domestic product (GDP) rose more than 21%about doubling the 11% GDP growth the nation has had over the same period, according to the governor’s office.

The US Bureau of Labor Statistics also shows that Florida had a net gain of 503 business enterprises moving to 2023 – the highest for the US state. That same year, the Florida Chamber of Commerce reported Florida’s income migration about $36.1 billion a year – About three times higher than the closest state, Texas.

A favorable economic environment mixed with sun and coast continues to draw people and businesses to Fort Lauderdale and Greater South Florida – not just for tourism and for investment, business leaders argue.

“Everybody knows there’s a big push coming out of New York, coming down here, and who knows what’s going to happen with the election after this,” the owner of local UPSC restaurants and Del Mar, said. “We’re happy to be here. We think it’s the epicenter … Ground zero, and it’s just starting to really explode and it’s going to continue to explode.”

“There’s been a huge shift in wealth to South Florida from South Florida since COVID, obviously. Miami, a lot of businesses have moved away from West Palm Beach,” many people said, while getting a lower tax rate, a year-round base.

“We’ve got yachts from all over the world here, and we are [got] The companies that show up from all over, “he continues,” he continues, “visit here, and think that maybe they should have an office here. And that happens a lot.”

“I think the biggest change is that it’s becoming a primary residence for a lot of people, and again, the whole package is here,” Naftali said. “There are many opportunities to travel here, some people work far away … many companies [are] moving to South Florida. The tax structure here is absolutely lovely, the lifestyle … people can feel very comfortable having everything they want here. “

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As migration accelerates and money pours in, the question may not be whether Florida can support the momentum, but how its business, cultural and cultural landscape and economy are changing. And according to the leaders who formed that nature, the forces that pulled people to the south are now looking closely at the state from the ground up.

“There’s a special power and there’s a lot of wealth that was kind of created in the last few years, and people are just looking at where to spend the money.”

– Miki Naffali

“It’s a year-round market now. It’s not just six months out of the year. You know, you go from zero to 60,” Mitchell said. “The market as a whole, the personality down here in Florida, it’s just really strong. And there’s a lot of rich workers down here, so the rich people down here are crazy, people just come here to do their jobs.”

“I think it’s South Florida [will just] Continue to grow, with more and more people, with more money invested here, “Naftali added.” Because [home]Buyers and investors, all so, where are the opportunities and I have many ideas to choose from? … Bottom line, the demand is here, the demand is going to continue to grow here, and I think it’s going to be a good story. “

“It’s a joy to do shows and bring something different,” said Sulo, “and an economic impact [that] Shows have communities in communities and what they do and how they affect people’s lives… It’s not just a marine business. “

All the momentum – migration, capital, construction cranes – points to something deeper than the boom cycle. For many like Dole, Mitchell and Naftali, South Florida represents a future built on freedom, flexibility and an open-door climate where people feel empowered to build the lives and businesses they want.

“Our long-term vision is to continue to build our business here. I would think it’s possible that our business could double here in the next five years globally.” It means a lot of opportunities here.

“We feel strongly about supporting the markets where we do business, and we want to be good citizens in those markets.”

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“I spend my time in South Florida, it’s just unbelievable … You know, it’s almost the point that you feel free here,” reflects Naftali. “I’m so excited to be a part, even if it’s a small part, of the South Florida story and expansion.”

“There’s a lot of special energy and there’s a lot of wealth that was kind of built up a few years ago, and people are just looking at where to spend the money.”

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