A recent Bloomberg article stated that Austin, Texas is taking the lead in tech migration. However, the article is misleading. Although Austin as a city has the largest in migration of tech talent, the largest winner was Florida.
Florida is the only state with more than two cities on the list. The fact that Florida has all four of it’s major metropolitan areas on the list speaks for itself.
This is what the original Bloomberg article had to say:
“Lately, another Florida market — the Miami area, which is neither cheap nor second-tier — tends to grab most of the attention. It has been at the center of a buzzy social media campaign to lure tech workers. Even though Mayor Francis Suarez’s move-to-Miami campaign on social media didn’t begin in earnest until early December, the city was No. 11 by net migration rate.
By contrast, the San Francisco Bay area, Boston and Chicago all saw significant outflows, the data show. There’s no telling whether many of those moves will prove permanent, especially as the pandemic wanes in the U.S. and many companies eye a return to the office.”
It is no doubt that Mayor Suarez’s crypto initiatives and his “How Can I Help” campaign have made Miami a stronghold in the tech sector, but Miami also has the luxury of being in Florida: a well run State with a friendly tax environment that was able to keep businesses open.