Why South Florida - 2Q 2023_Final
Emerging Tech Hub For Investment Technological talent and tech‑business funding sources are growing in South Florida, as it quickly expanded its technology presence hosting the most startup activity in the U.S. according to the Kauffman Index in 2021.
117,452
South Florida Tech Employment Trend
117,452
107,886
99,521
99,636
35% 10-Year Jog Growth
Major tech giants are opening local offices, including Microsoft and Spotify and various technology firms such as Wix, Citrix, Blockchain, Tyco, Sykes Enterprises and Greyson Technologies are based in South Florida. Francis Suarez, the Mayor of Miami, has been very active in recruiting tech firms to the area beginning with his “How can I help?,” in response to a venture capitalist mentioning moving Silicon Valley to Miami. The area’s international access to Central and South America, young population, and business-friendly taxes make South Florida an ideal location for technology and start up firms.
94,767
91,649
88,235
85,019
82,457
2.0x More Diverse than U.S. Tech Industry Overall
80,117
77,745
77,758
2011
2012
2013
2014 2015 2016 2017
2018 2019 2020 2021
2022
Tech occupations in South Florida is expected to grow by 13.9% through 2028. Specifically, software developers are projected to see the highest growth at 18.3%.
Software/IT Workers Migration
Metros with Largest Migration Changes for Software/IT Workers: March 2020-February 2021
15.40%
“To give you an idea of what’s going on in the Miami tech scene: every day, sometimes multiple times a day, a big, massive deal is announced,” Shapiro - The Tag Experience (Owner. Represents several tech companies and venture capitalists).
10.40%
8.60%
8.10%
6.50%
Year-Over-Year % Change
2.90%
Miami-Fort Lauderdale
Houston
Dallas-Fort Worth
Philadelphia
Los Angeles
Atlanta
https://aventuramagazine.com/inside-miamis-trillion-dollar-tech-industry/
Cushman & Wakefield | Why South Florida
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