At least eight companies have signed on to an incentives program to move their offices to Downtown Miami in recent months – with more on the way.
The companies have agreed to create at least 684 jobs in downtown Miami over the next three years, at an average salary of $162,000.
Only those who have signed up for a Miami Downtown Development Authority incentives program created last September called “Follow the Sun” are included in the count.
Here is a list of the new companies. Their names are being kept confidential in line with state laws that guide the incentives program:
Project Sunshine: A financial services firm based in New York (likely Blackstone) will open a downtown Miami office employing 215 people at an average salary of $200,000.
Project Gigantor: A healthcare technology company will relocate its headquarters from elsewhere in the Miami area to Downtown Miami, employing 75 at an average salary of $100,000.
Project Vigor: A California health and wellness company will open a downtown Miami office serving as a regional headquarters, with 50 employees at an average salary of $100,000.
Project Aristotle: An education technology firm based in Miami will open a new headquarters in Downtown Miami, with 60 employees earning an average $75,000 annually.
Project Deal Flow: A Connecticut based hedge fund will transfer 15 current employees and hire 15 new people, with average salaries of $125,000.
Project Adoration: A healthcare technology firm will expand its national headquarters in Miami, adding 91 new employees at an average salary of $138,000 a year.
Project Penny: A locally-based financial technology firm will add 110 new jobs in Downtown Miami at an average salary of $120,000.
Project Sky: An advertising and media technology firm based locally will expand in Downtown Miami, adding 53 new jobs at an average salary of $109,740.
The DDA has agreed to pay $560,000 in incentives to attract the firms listed above.
According to the DDA, they are learning of a new technology or finance firm moving to Downtown Miami “each week.”
The incentives were first reported by SFBW Magazine.