(The Center Square) – Despite Gov. Gavin Newsom’s invitation to Floridians to move to California ahead of the November election, California businesses continue to leave, and increasingly to Florida.
While their top relocation destination is overwhelmingly Texas, several major companies have relocated to Florida since Newsom’s been in office.
The most recent include several major companies that announced their relocation plans this year, after “Tech Flight” began from Silicon Valley to Miami in late 2020.
Rental home management company Belong announced in September that it was relocating its headquarters from San Mateo to Miami. Its general manager in Florida said the move “was good news for Miami rental owners. Miami is one of the fastest growing rental and real estate markets in the country, so it makes sense for Belong to set up our HQ in the center of the action.”
The company also said it was rapidly expanding “into the Florida market, highlighting Miami’s appeal to start-ups and tech companies.”
Investment fund Black Dog Ventures Partners, with offices in Tempe, Arizona and San Francisco, announced it was relocating its headquarters to Tampa. Its CEO and founder Scott Kelly told the Tampa Bay Business Journal that the Florida city “was ridiculously welcoming… has a significant amount of people moving there; there’s a lot going on in the entrepreneur space.”
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