Fund Managers Are Ditching Wall Street for Florida

Fund Managers Are Ditching Wall Street for Florida(bloomberg.com)

3 points by bmpafa 7 years ago | 2 comments

bmpafa 7 years ago |

Any takes on what FL's incentive is here? With no state income tax, and with the relatively modest # of people employed by funds, why target investment funds?

anoncoward111 7 years ago | |

States with no income tax make a lot of money off of property tax. The more businesses and employees they bring physically into the state, the more they make.

Florida loves poaching people from high cost of living states. Typically they are moving later on in life, so they don't overload the public education system.