Miami the new Silicone Valley?
Have you heard the tale of the Two Billboards?
It’s sooo Miami!
Earlier this year, a venture capitalist paid for advertising on two billboards on a San Francisco highway to grab attention for his latest Twitter grand idea.“Ok, guys, hear me out – what if we move Silicone Valley to Miami? He asked on a tweet that went viral on social media.
Back came the immediate response. “How can I help?” tweeted Francis Suarez, the Mayor of the City of Miami.
The ad guys got in on the act and erected two billboards in prime San Francisco locations –and later Times Square, NYC.
Thinking of moving to Miami? DM. Mayor Francis Suarez.
The Grand scheme captured the corporate imagination and spread like wildfire as it gathered pace and propelled a High Tech exodus from California to Florida.
Prior to the pandemic, firms were relocating to South Florida because of lower house prices, great weather, no personal income tax and business friendly regulations.
The Two Billboards' conversation started a tidal wave of relocations thanks to a new freedom to ‘work from home.’
The cost of that housing being the number one factor that drives many employees out of San Francisco to other parts of California or more affordable and cites further afield.
As an example, at the beginning of summer, according to a report in Miami’s Biscayne Times, the median price of a modest one-bedroom apartment in Miami was $1,500 compared to a $3,000 monthly rental in San Francisco.
Miami real estate offices are currently crawling with out-of towners from California and New York looking to buy or rent in the Sunshine State. Tech companies with 100 employees or more are eyeing up desirable commercial property. Several billionaire founders and investors from equity and venture capitalist funds have put their money where their mansions are and bought multi-million dollar oceanfront residential properties.
Prior to the pandemic, and Suarez’s “How can I help?” tweet, out of state companies worried that they wouldn’t be able to recruit talent or raise capital in Miami, now companies from New York, Northern California and Boston are snapping up commercial leases. A critical mass accumulated.
Miami’s current business district is attracting clients, and developers are all set to provide the infrastructure and technology required to accommodate hundreds of workers in the STEM (science, technology, engineering and mathematical) industries.
The tech, hedge funds, law firms and financial centers previously overshadowed by tourism, hospitality and health care, are signaling their arrival by building whole villages places to work and live - not so much Silicone Valley more Beach City by the Sea.
Executives of Business Improvement Districts have observed that over the past year, the momentum has attracted a clustering of technology, financial and wealth management creating one of the largest emerging tech hubs in the nation.
Tech companies were already talking about turning Miami into a mint for cryptocurrencies now they have an opportunity to deal from the center of an energetic and forward looking city, inspiring state of the art innovations and advancements.
When the Mayor of the City of Miami, Francis Suarez, asked, “How can I help?” he opened the door to a massive influx of West Coast entrepreneurs, individuals and businesses bursting with economic and social opportunities.“Hey, guys, hear me out. What if we move Silicone Valley to Miami?” Great idea. The Magic City in the Sunshine State, we’re on it!
Further Information :
Are you ready to write YOUR book? What a beautiful day - even with tropical storms in Miami and a weather system on its way to SouthFlorida. We have all become pretty resilient over the last year and a half. What doesn't kill you - makes you stronger!
Spirit of the 32nd Olympiad. Opening Ceremony Tokyo Olympics. Faster. Higher. Stronger.
Let's give a well deserved cheer that the city persevered and have, despite constant challenges, almost insurmountable obstacles and on-going covid set backs, delivered the greatest four-yearly international event in the sporting calendar. Athletes from all over the world performing at the most awe-inspiring levels of skill, fitness and sportsmanship, complete with triumphs, tragedies and glory for their countries.
TWO YEARS AGO I was in Tokyo and the tour guide proudly pointed out a giant 2020 sculpture overlooking the city. No-one could ever have imagined that a global pandemic would sweep over the world and the Games would be cancelled.
The soaring crescendo of Ravel's 'Bolero' in a socially distanced arena, gave majesty to the symbolic arrival of the Olympic Torch as it was carried high into the stadium and passed from the hands of school children; to gold medal athletes; to a doctor and nurse team who treated covid patients and a medal winning paraplegic athlete. Japan's four times tennis gold winner Naomi Osaka with her waist length red braids raised the torch to ignite the Olympic cauldron in a glittering globe at the top of a steep flight of lighted stairs.
John Lennon's inspirational anthem 'Imagine" was given voice by musical legends from all over the world; Asia, Africa, Europe, the Americas and Oceania and reminded us,
"And the world will live as one."
Tokyo's skyline was illuminated by a technological masterpiece; 180 light carrying drones formed a dazzling globe and on Wings that Fly, thousands of paper doves filled the sky.
"Let the Games Commence."
CONSOLE THE SOUL: PRAYERS FOR SURFSIDE. To mark and honor the catastrophic events engendered by the collapse of the Champlain Towers and the tragedy and heartbreak experienced by so many individuals, last night on Miami Beach a service was held to remember those who died, those still missing and those forever hurting. Introduced by Mayor Danielle Levine Cava, at an inter-faith musical gathering at Temple Emanu-el, prayers, sacred readings and words of comfort and compassion, were led by rabbis, reverends and priests from the local community. Uplifting and inspirational classical symphonies, hymns and contemporary music including the powerful "You Raise Me Up" and "I am Not Alone" reached deep into the soul and affirmed the strength and endrance of the human spirit. A guided meditation united the congregation in a time of reflection and healing.
Ellen Frazer-Jameson is a journalist, author, actress. theater producer and drama coach. She co hosted the largest live late night radio show in Europe for the BBC and has appeared on national TV shows and taken leading roles on stage. She lives in Miami and London and loves to dance Argentine tango.