{"id":16105,"date":"2021-12-07T08:31:02","date_gmt":"2021-12-07T13:31:02","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-forum-highlights-miamis-growth-as-a-financial-center\/"},"modified":"2023-04-12T16:43:50","modified_gmt":"2023-04-12T20:43:50","slug":"bloomberg-forum-highlights-miamis-growth-as-a-financial-center","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-forum-highlights-miamis-growth-as-a-financial-center\/","title":{"rendered":"Bloomberg Forum Highlights Miami\u2019s Growth as a Financial Center\u00a0"},"content":{"rendered":"
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The increase of financial firms moving to Florida might make Miami the Wall Street of the South, according to speakers at Bloomberg\u2019s recent forum, \u201cThe New Miami\u201d.<\/p>\n

Financial 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.<\/p>\n

\u201cEnsuring that Miami can meet the challenges of climate change, the COVID-19 pandemic and an evolving economy will take strong leadership and innovation,\u201d said Michael R. Bloomberg<\/strong>, Founder, Bloomberg L.P. “Miami\u2019s strength as a financial center, a leader in sustainability and a thriving creative hub are enormous assets, and Friday\u2019s discussions suggest that the city is working hard to capitalize on them,\u201d he added.<\/p>\n

Miami Mayor Francis X. Suarez<\/strong> said, \u201cWe are witnessing Miami\u2019s metamorphosis,\u201d and when \u201ccities work, America works.\u201d Cities can\u2019t ignore innovation any more than they can ignore climate change, he said, adding, \u201cThey can pretend it doesn\u2019t exist or they can face those realities, embrace that disruption, and embrace the change.\u201d<\/p>\n

Cathie Wood<\/strong>, the Founder, CEO and CIO, ARK Investment Management, which has $10 billion in assets under management, said that they are moving employees to Florida and that could help with talent retention. She participated in a panel discussion with Jorge P\u00e9rez<\/strong>, Founder, Chairman and CEO of The Related Group, and Zach Dexter<\/strong>, CEO of FTX US Derivatives. The discussion was moderated by Erik Schatzker<\/strong>, Bloomberg TV Editor-at-Large.<\/p>\n

Education, infrastructure, and governments working together with the private sector are fundamental to secure Miami\u2019s growth, attract investment and talent, said Barry S. Sternlicht<\/strong>, Chairman and CEO, Starwood Capital Group.<\/p>\n

Art and culture are playing a vital role in the growth of Miami, said Amy Cappellazzo<\/strong>, Founding Partner, Art Intelligence Global LLC, and Franklin Sirmans<\/strong>, Director of the P\u00e9rez Art Museum Miami (PAMM<\/a>), a Bloomberg cultural partner, where the event was held. The discussion was moderated by Nathan Crooks<\/strong>, Bloomberg News.<\/p>\n

\u201cThe New Miami\u201d is the latest Bloomberg forum to bring government, regulators and business leaders together to discuss issues — such as the COVID-19 pandemic, a new US administration, and international trade flows. Similar forums have been held in Frankfurt, GIFT City, India and London.<\/p>\n

To replay \u201cThe New Miami\u201d<\/strong> event, click on this\u00a0link<\/a>\u00a0and register.<\/p>\n

About Bloomberg
\n<\/strong>Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Terminal. Bloomberg\u2019s enterprise solutions build on the company\u2019s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com\/company<\/a>\u00a0or\u00a0request a demo<\/a>.<\/p>\n

This news is also available in Portuguese<\/a> and Spanish<\/a>.<\/em><\/p>\n

Media contacts:<\/p>\n

Bloomberg \u2013 Pam Snook,\u00a0pamsnok@bloomberg.net<\/a>, +1-212-617-7652<\/p>\n

BCW for Bloomberg, Bruno Giordano, bruno.giordano@bcw-global.com<\/a>, +1-646-301-3079<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

The increase of financial firms moving to Florida might make Miami the Wall Street of the South, according to speakers at Bloomberg\u2019s recent forum, \u201cThe New Miami\u201d.<\/p>\n","protected":false},"featured_media":16107,"template":"","format":"standard","categories":[17],"press_tag":[94,835,108,227,139,79],"class_list":["post-16105","press","type-press","status-publish","format-standard","has-post-thumbnail","hentry","category-press-announcement","press_tag-bloomberg","press_tag-bloomberg-lp","press_tag-bloomberg-news","press_tag-bloomberg-philanthropy","press_tag-bloomberg-sustainability","press_tag-press-announcements"],"yoast_head":"\nBloomberg Forum Highlights Miami\u2019s Growth as a Financial Center\u00a0 | Press | Bloomberg LP<\/title>\n<meta name=\"description\" content=\"The increase of financial firms moving to Florida might make Miami the Wall Street of the South, according to speakers at Bloomberg\u2019s recent forum, \u201cThe New Miami\u201d.\" \/>\n<meta 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