“People in Miami exude an overwhelming sense of optimism right now. “What I thought was hype is actually real,” he wrote. Its contributions so far total about $17 million, but the money has not been spent.įormer Twitter Chief Operating Officer Adam Bain on Wednesday tweeted that he traveled to Miami for a meeting and to check out the “startup scene.” Miami hosted a Bitcoin conference earlier this year, and started accepting funds generated through a cryptocurrency named MiamiCoin.
And venture capital firm Founders Fund has already set up shop in the trendy neighborhood of Wynwood. Japan’s Softbank Group - an early investor in Alibaba - is also looking to grow its presence in the city, and has invested $250 million in Miami startups. The effect his tech push has had on migration and job creation is still unclear as census numbers do not yet include data for 2021.īut private equity firm Blackstone announced last fall that it would create a new office in downtown Miami to expand tech capabilities. In December, when someone tweeted about moving Silicon Valley to Miami, Suarez replied,“How can I help?” The mayor has been more than willing to assist. Suarez, 44, gained name recognition for launching an effort to lure technology investors to the city at the beginning of the year, meeting with PayPal founder Peter Thiel, tech magnate Marcelo Claure and engaging on Twitter with Tesla CEO Elon Musk, among other well-known entrepreneurs.Īnalysts say Suarez was astute to seize a moment when some investors were looking to move to South Florida for tax reasons and looser COVID-19 restrictions during the pandemic. MIAMI (AP) - Miami Mayor Francis Suarez is hoping to easily secure a second term Tuesday, with his reelection campaign showing he can raise millions as he seeks to elevate his profile at a national level.
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