Tri-State Businesses Join Conga Line Of New York City Businesses Fleeing To Florida
Hedge funds, private equity firms, and wealth management offices are leaving the northeast and heading to Miami and Palm Beach County.
The Palm Beach County’s Business Development Board said on FOX Business that more than 70 financial services companies have moved into Palm Beach County within the last three years. Currently, the organization is working with another 15.
Business Development Board CEO Kelly Smallridge:
I cannot keep up with the number of companies coming in. Some are headquarters and some of them are regional operations. Many of them, once they get here, within short order establish Palm Beach as their home base.