Why South Florida - 2Q 2023_Final

Regional Competitive Advantage

SOUTH FLORIDA MSA INCENTIVES FOR BUSINESSES AND CORPORAT IONS RELOCAT ING AND EXPANDING:

“Florida is a Top 5 State in Overall Tax Burden.” Florida ranks as a top State in terms of tax policy with no state personal income taxes and low corporate income tax. South Florida has seen an influx of wealth as new residents have migrated for the tax friendly benefits.

$500 PER PERSON FOR RELOCATION Follow the Sun Campaign - Miami Downtown Development Authority (DDA) Programoffers companies with at least 10 employees a one-time payment of $500 per person who relocates – up to $50,000 per business annually and $150,000 over a three-year period. Miamidda.com

COST OF LIVING COMPARISON

UP TO $200K PAID TO COMPANIES CREATING JOBS Job Growth Incentive - Broward County The incentive is a direct cash incentive paid to companies creating jobs in excess of the 115% of the County’s average annual wage, up to $2,000 per new job or $200,000 per company. Broward.org

Cost of Living Comparison

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GRANT PROGRAM Job Growth Incentive Grant Program - Palm Beach County

50

Incentives are paid on the number of new jobs created as well as residents relocating to the county. Eligibility and size of grant based on number of jobs created over a specified time period. Discover.pbcgov.org

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New York (Manhattan)

San Francisco

Washington D.C.

Boston Los Angeles Chicago

Fort Lauderdale

Miami

Palm Beach Atlanta

Cushman & Wakefield | Why South Florida