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Bloomberg Forum Highlights Miami's Growth as a Financial Center

NEW YORK, Dec. 7, 2021 /PRNewswire/ -- The increase of financial firms moving to Florida might make Miami the Wall Street of the South, according to speakers at Bloomberg's recent forum, "The New Miami".
Bloomberg Forum Highlights Miami's Growth as a Financial Center
The increase of financial firms moving to Florida might make Miami the Wall Street of the SouthFinancial firms are attracted by the warmer weather and lower taxes, said the business and government leaders who spoke at the event, held to discuss how economic and political shifts are affecting Miami, as well as cities across the world. "Ensuring that Miami can meet the challenges of climate change, the COVID-19 pandemic andA an evolving economy will take strong leadership and innovation," said Michael R. Bloomberg, Founder, Bloomberg L.P. A "Miami's strength as a financial center, a leader in sustainability and a thriving creative hub are enormous assets, and Friday's discussions suggest that the city is working hard to capitalize on them," he added. Miami Mayor Francis X. Suarez said, "We are witnessing Miami's metamorphosis," and when "cities work, America works." Cities can't ignore innovation any more than they can ignore climate change, he said, adding, "They can pretend it doesn't exist or they can face those realities, embrace that disruption, and embrace the change."
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