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Miami’s Gold Rush: Finance Firms and Crypto Move In, Bringing Strains

Rush, Technology, Trendsetting, Sternlicht, Crypto, Strains, Thing, Bringing, Finance, Waterfront1 min read

Barry Sternlicht, known for launching the trendsetting W Hotel brand, moved his Starwood Capital Group to Miami Beach in 2018. He's part of a booming migration of financial firms, technology companies and venture capitalists that has gained momentum in the years since then. More firms are leaving the Northeast, Midwest and West Coast for South Florida life and its friendlier business climate, Mr. Sternlach said in a recent interview with iReporters. He is part of the growing migration of companies that have moved to South Florida from the Northeast and Midwest. In the past, the state of Connecticut has been hit with high taxes and state income taxes, but South Florida has a better business climate. The state of Florida is home to many of the Source

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