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Cathie Wood Says St. Petersburg Wants to Be the ‘Next Austin’

  • Firm announced last week that it will relocate to Florida
  • ARK head cites innovation, quality of life as move perks
Cathie Wood
Cathie WoodPhotographer: Alex Flynn/Bloomberg

ARK Investment Management’s Cathie Wood is betting that St. Petersburg, Florida, can become the next buzzy destination for technology firms.

Woods touted the low cost of living in the Sunshine State, which has no income tax, and pushed back on the notion that it’s just a place for retirees.