JPMorgan Chase Is Now Open To Relocating To Miami After Vetoing The Move A Few Years Ago

The CEO of JPMorgan Chase has reportedly changed his mind about relocating to Miami, according to the New York Post.

Jamie Dimon, who has run Chase for 15 years, is now open to the idea.

Here’s a timeline of Chase and Dimon’s flirtation with moving the company to Miami:

2013 – Dimon attends the Greater Miami Chamber of Commerce’s Economic Forum and openly wondered why the company didn’t move to Miami.

Dimon praised the business-friendly climate and low taxes of Florida, saying that New York acts like business is the enemy. Miami is one of the most attractive cities in the world in which to do business, he said.

Also at the forum, Dimon said that he had always dreamed of living on the water and taking his boat to the office.

2019 – Developer Richard LeFrak said that a bank with 5,000 employees approached him about making a move to Miami, without naming the company.

Lefrak said that all employees at the bank who were either under the age of 30 or over 55 wanted to make the move. Those with younger kids did not want to make the move however, due to concerns over Miami’s school system.

2019Bloomberg reports that JPMorgan Chase at one point considered moving its headquarters to Florida, but executives pushed back over issues including the school system.

2020 – The New York Post reports that Dimon has changed his mind and is now open to a move to Florida.

 

The JPMorgan offices at 1450 Brickell Avenue:

(photo: phillip pessar)

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Anonymous
7 months ago

Public school BUILDINGS needed in downtown/Brickell… If you want talent they want to live somewhere with decent, close, walkable schools for their children!

Anonymous
7 months ago

Where have all the school concurrency dollars gone as tens of thousands of new housing units have been built?

Anonymous
7 months ago

To the suburbs where the schools are.

Anonymous
7 months ago

Ask Alberto

Azarius
7 months ago

I believe he was referring to the university system

Anonymous
7 months ago

Anon said children tho..

Anonymous
7 months ago

Florida has the #6 ranked public university in the country – the University of Florida. Other universities are also highly ranked. I don’t think the problem in Florida is with higher education.

Anonymous
7 months ago

We build better a casino. Not a school.

peej
7 months ago

There’s a new public middle school planned for the corner of SW 10th St & 3rd Ave called Brickell World School. It’s a nice vertical design that also incorporates some Workforce Housing Units.

Anonymous
7 months ago

If Miami lands a HQ relocation on this level it will put everyone globally on notice that this is definitely a tier 1 global city. Miami will be the new Wall Street (Not just of the South) and Austin will be the new Silicon Valley. Keep these states business friendly with no state taxes and you will see the biggest boom of our lifetime. Lets Get it Done !

Anonymous
7 months ago

The new wall street with 1/10 the infrastructure of NYC

Anonymous
7 months ago

1/10th of the taxes too

Anonymous
7 months ago

You get what you pay for

Anonymous
7 months ago

No, often you don’t. You just get higher taxes and waste.

Anonymous
7 months ago

Person above clearly hasn’t spent time in New York. The subways are constantly breaking down and/or always running late, crime is rampant. NYC has seen its best days decades ago. Their infrastructure is crumbling. Have you seen JFK airport? Its falling apart.

Anonymous
7 months ago

Compared to Miami which floods for literally no reason and has 1.5 metro lines to speak of. At least NYC/Boston/San Fran/DC the list goes on has a subway system that can break down.

Anonymous
7 months ago

Flights are cheap right now- move there instead of complaining.

Anonymous
7 months ago

If you can pay for my moving truck too that’d be great

Anonymous
7 months ago

San Francisco’s BART is pretty dicey though. The stations are like something out of a Philip K Dick novel, with tent encampments, people relieving themselves and shooting up meth in public view. I personally never take BART. It’s just too dirty and uncomfortable. I’d much rather pay extra for an Uber.

Also, I think San Francisco’s BART is the only transit system outside of India that uses 5’6″ gauge. I think that might have something to do with the fact that the BART trains are as loud as a jet plane taking off.

The US really doesn’t have any good mass transit infrastructure. At least not when compared to China, Japan, Korea, Germany, France, the UK or any other Northern European countries.

Anonymous
7 months ago

“I personally never take BART. It’s just too dirty and uncomfortable ” learn how to write a sentence that makes sense.

Anonymous
7 months ago

the above mentioned transit systems are an overflowing pool of unionized workers with sky-hi compensation and retirement benefits which no one can afford even with an state income tax…

Anonymous
7 months ago

But I bet you don’t mind the “UNIONIZED” Police Force?

Anonymous
7 months ago

Police unions, like Teachers unions are the cause of many of the inefficiencies that plague these systems. It may surprise you but many on the right of the political spectrum don’t support police unions as we understand the corrosive nature that such organizations have on the groups they purport to represent. Tragic events like George Floyd tend to occur with policy unions sheltering bad actors as they often do not have to deal with the consequences of bad decisions. I personally support police officers but I do not support their union bosses.

Anonymous
7 months ago

So you’re saying you have trouble with Union Bosses and not Unions?

Anonymous
7 months ago

They are usually one in the same. What union leadership says goes and will do whatever is needed to insulate themselves. Unions seldom reform, I’d argue that it’s contrary to its nature. Many have an antiquated view of unions in terms of the typical 19th and 20th century horrible workplace condition scenario. Nowadays, they are bloated bureaucratic organizations whose only concern is that you pay your dues.

Anonymous
7 months ago

I agree!

Anonymous
7 months ago

Miami is not flooding all the time

Anonymous
7 months ago

Not sure why you’re getting downvoted. I guess people are insecure about Miami’s blatant flaws.

Anonymous
7 months ago

I guess because we are not all negative Nancys like yourself.

Anonymous
7 months ago

And that was BEFORE lockdowns and riots.

NYC Loves Miami
7 months ago

Some knuckle heads called 911 for EMS, and when they showed up, they stole their medical equipment. Low life scum. Crime is spiking in NYC. Homeless problem in Miami is no where close to NYC.

J.
7 months ago

1/10 the crime too

Anonymous
7 months ago

The Metrorail is a joke but Miami has some of the best highways of any major city in the world. And Wall Street transplants can easily afford to use Uber/Lyft for all of their transportation needs as long as they live close to work in Brickell.

Anonymous
7 months ago

Metro rail needs to be expanded but it’s not a joke, if it was ajoke they would n’t be building so many projects on metrorail stations.

Anonymous
7 months ago

And will stuck in traffic waiting to close the bridge in brickell because a chicca pass with her new boat.

Anonymous
7 months ago

I’m all for business-friendly but at some point, you cant keep giving away the store to these billion dollar companies!! Miami is in desperate need of the basics – good schools for all, lower crime, decent roads, affordable housing – the amount of homelessness is rivaling SF! We are getting more and more residents, more and more problems and zero solutions.

J.
7 months ago

LOL. Hyperbole much? You seem scared of your own shadow. Calm down Mary.

Anonymous
7 months ago

LOL. Miami has amongst the smallest number of homeless people of any major American city. It’s less than 1,000 in Miami-Dade. In San Francisco it’s like 1,000/square mile.

Anonymous
7 months ago

Look, Miami’s a great place to vacation but living here is a whole ‘nother ball game.

J.
7 months ago

Ugh. Another cliche. That can literally be said of any major city. Show yourself the door if you’re unhappy it’s a free country.

Azarius
7 months ago

And Atlanta is the new LA

Anonymous
7 months ago

Well, that’s too bad.

Anonymous
7 months ago

As everyone here has mentioned before, getting our infrastructure and education act together will be the key drivers to pushing these types of relocations past the goal line.

Anonymous
7 months ago

Hopefully DLC will do something– the state of Florida consistently neglects public education and Francis Suarez is too concerned about his hair gel and posting on twitter to do anything about our transit or infrastructure.

Anonymous
7 months ago

Agreed. The guy is all about a good photo-op. Total joke

Anonymous
7 months ago

Suarez posting on twitter, Carvalho taking a selfie every time he gives a hungry kid a bag of food, and Gimenez posing at trump rallies. Add in some rubio Bible quotes and you have Miami politics

Anonymous
7 months ago

Lol. But at least Carvalho actually improved the school system.

Anonymous
7 months ago

Transit + infrastructure===Democrat talking points==Democrat tax levels and increases==the reason why they’re leaving NY

Anonymous
7 months ago

No transit+no infrastructure+ influx of people= third world country. Republicans can govern the cornfields/middle america, and there’s nothing wrong with that, but their policies don’t work for urban areas with high demand for public goods and services

Anonymous
7 months ago

Yeah, low taxes and no public transit has killed Dallas lol

J.
7 months ago

Austin too! /s.

Anonymous
7 months ago

Austin just passed a (heavily scaled down) $7 billion transit program that increases their taxes to do it. So, they’re not shy about doing what’s right.

Anonymous
7 months ago

Austin is a liberal place….wait another 20 years, businesses will be fleeing Austin too

Anonymous
7 months ago

Dallas has heavily invested in transit infrastructure for the last decade. They have one of the largest light rail networks in the country.

Anonymous
7 months ago

Exactly! They’re ahead of the 8 ball and it worries me that companies many want to relocate rather than here

Anonymous
7 months ago

This is false. Dallas has a pretty good public transportation system called DART with about 5 lines extending as far as 10-15 miles from downtown. They’ve been able to accomplish this with low taxes. Time for us as a city to actually prioritize public transportation expansion

Anonymous
7 months ago

Yes because Detroit, Baltimore, Chicago and San Francisco as of late have been examples for us hicks in the cornfields to follow. What a joke. Keep your high demand for public goods and services and see your tax base dwindle. I heard NY was trying to implement a new $3 delivery tax for online orders on top of other tax hikes to make up for an increasing budget deficit. Keep pushing these measures on the backs of your tax base, it’s sure to be wining move for states like Florida and Texas.

Anonymous
7 months ago

People in MiamiDade want more rail mass transit, more and better schools, safe bike lanes, cleaner and safer streets, more and better housing, better paying jobs, more police, more etc etc etc….

Do you think all of that is free or you won’t see any kind of increases in taxes to get it?

Anonymous
7 months ago

and yet these companies are choosing the Liberal part of the state to potentially move to. JP Morgan ain’t moving to Ocala.

Anonymous
7 months ago

They have to also be mindful of their employees. No one wants to live in Ocala. NYC to Miami is the obvious destination

Anonymous
7 months ago

Comparing apples to oranges. Last time I checked Ocala is nice rural town that is a great place for people that like to raise horses. I don’t see Facebook based in one of the small farming communities of the Central Valley. Big business is based in major metros due to major logistic hubs and having access to centers of finance and government.

Anonymous
7 months ago

democrat policies do work for urban areas, encouraging lazyness by putting people on welfare, protecting the homeless so they ruin neighborhoods and defunding the police so criminals can take over our neighborhoods

Anonymous
7 months ago

Gee.. you said that just like the brain dead republitard that you are.

Anonymous
7 months ago

i’m not republican, they are also crooked but it’s a proven fact that democrats support defunding the police and pass laws to protect the homeless so they can ruin cities that’s what they did in SF, LA and Seattle and they are the party of welfare

Anonymous
7 months ago

Ohhhhh, sadly you picked up that stupid baseless tag line of the republicants. It’s what they do when they’re losing. Repeat it long enough and everyone will believe it. Think for yourself and quit believing the liar in chief.

Anonymous
7 months ago

Lazy comment. Do some research.

Anonymous
7 months ago

New York’s infrastructure has been crumbling for decades, even when JulianI was in charge.

Anonymous
7 months ago

That’s far too generic of an answer. Cities like Dallas which also has low taxes relatively speaking and is booming at least has about 4 or 5 train lines.

Anonymous
7 months ago

..and Dallas sure as heck isn’t booming because they got4-5 train lines…

Anonymous
7 months ago

Suarez essentially has no power as City mayor and the public schools are under the County, so bringing him up is pointless.

Anonymous
7 months ago

Hi Xavier!

Anonymous
7 months ago

Why would Xavier say his son is a powerless mayor?

Anonymous
7 months ago

May just be as smoke screen to negotiate incentives with NY to stay put.

Anonymous
7 months ago

Good point. That said I wonder if You mean the same NYC that tried to negotiate with Amazon ? AOC cost NYC 10s of thousands of great jobs – amazon settled for adding a few thousand on their own. The consumer spending difference alone is worth billions to the cities tax revenue (real estate taxes, general consumption taxes, etc). There is no negotiating with incompetent politicians. In years past NYC always attracted the best talent because of its proximity to the best schools in the nation. Now recruiting is much different. Zoom is a game changer for first few rounds of recruiting ( I just experienced this). I just accepted a job in finance in Miami. Currently live in New Jersey.

Anonymous
7 months ago

AOC was right.. Amazon wanted wayyy too many free giveaways. Amazon teased more than just Miami at the time.

Anonymous
7 months ago

The problem isn’t whether anyone was “right” or wrong. You are missing the point. The issue is that politicians care more about being “right” more so than they care about what’s best for their constituents. Flawed system in that re-election talking points are centric to time served in the legislature. And in this case, her being “right” cost NYC billions in a time when they are hurting for revenues… Maybe she was “right” but the average person can’t relocate like the 1 percent can and thus those people are left with a crumbling city.

Anonymous
7 months ago

Oh really? So you know what the educational attainment and employment history and employment industries of her constituents are? I wasn’t aware NY-14 was a tech employment hub!

Anonymous
7 months ago

The city was going to walk out making more money than it cost them to get Amazon in. It should be a no brainer when you considered the increase value in real estate from the Amazon HQ itself plus surrounding properties, increased salaries for local employees (ie higher tax base to city) but the ancilliary jobs that would be created in the local community to service the people living there. Plus it would have gotten even more developers into the area to build new buildings. And now they got nothing

Anonymous
7 months ago

Exactly !

Anonymous
7 months ago

Jeff Bezo has more money than Bill Gates. He could buy the land , design, and build whatever he wanted in NY and it still wouldn’t anywhere near hurt his pockets. If AOC were Republican, people on the right would be clapping about she did.

Anonymous
7 months ago

If AOC were Republican, especially in New York, the MSM and big tech, illegal ballots, and Antifa threats against her, her family, and Republican cohorts would have taken her out already.

Anonymous
7 months ago

Actually…. Amazon opened up a large presence in NYC without the tax incentives from the state (See hudson yards) … nice try thou

Anonymous
7 months ago

1) Jeff Bezos wealth is in the value of his shares in Amazon and not all in cash. He would have to liquidate some shares which he has done for other business sources.
2) To the comment about opening up in Hudson Hards, you’re right. Amazon bringing 1500 people to Manhattan for their consumer and advertising teams is way better than the expected 25,000 jobs they promised to bring to Long Island City in an area that had been underdeveloped for many years that has mostly middle and low income people there. WINNING!!!

Anonymous
7 months ago

Who cares if Bezo had to liquidate some of his shares?.. he’d still have billions of dollars to his name if he did. Businessmen are always trying to get something for nothing.

Anonymous
7 months ago

he can borrow against the shares which saves him a lot of taxes….

Anonymous
7 months ago

LOL y’all think AOC is the problem because she’s a “socialist” yet you want the GOVERNMENT to give FREE handouts to large corporations like Amazon and still pretend to be 100% free-market capitalist. Get outta here.

Anonymous
7 months ago

Give em a break… they’re confused about the real meaning of capitalism.

Anonymous
7 months ago

BRAVOOOOO!!! The Right LOVESSSS them some big business corporate socialism!

Anonymous
7 months ago

Youre right! Cities should not give any incentives what so ever to any business that wants to develope real estate and bring jobs to their city. Jobs that pay taxes too. Instead, I’m sure NYC could easily converse these companies to come here with their fantastic transportation services, outstanding schools, low crime rates and low taxes.

Anonymous
7 months ago

Exactly! No to CRONY Capitalism.

Anonymous
7 months ago

Lol, way to completely ignore the point of the original comment: to call out hypocrites who don’t understand free-market capitalism. If you truly believe in capitalism, you don’t want government intervention to generate jobs. Companies will do that in response to the natural fluctuations of supply and demand. The US isn’t a free market capitalist country. It’s a mixed economy that has elements of socialism via corporate welfare. Profits are privatized, and losses are socialized via bailouts and tax breaks.

Anonymous
7 months ago

Exactly, no to CRONY capitalism. No bailouts, No subsidies and no barriers to trade. A city should not have to court a company like Amazon to have a headquarters or factory within their municipality. Low taxes and less burdensome regulations should be the only features a government can offer to companies large or small. I understand its in vogue to bash capitalism, but like you mention we do not have a capitalist system. Our government (led by both parties) have intervened to try and modify the natural business cycle to the distorted mess that it is now. I will say it once more, No to CRONY capitalism.

Anonymous
7 months ago

Economy 101

Teach brother teach!

Anonymous
7 months ago

If the school system here is so bad then why did NYC try to hire the guy in charge of the school system here?

Anonymous
7 months ago

What downtown needs is a building code that incentivizes developers adding classrooms to their buildings. Everyone wins here, especially if the deal includes staffing with the best educators available.

Anonymous
7 months ago

These new buildings all contribute to the school system through development fees in the millions of dollars per building. The school district is then supposed to use that money to expand school capacity near the development. They also have to pay fees for any additional utilities required for the building.

Asking developers to build schools is a bad idea. Residential real estate developers might not know the first thing about school design and construction. Let the developers focus on what they are good at and empower the school district to use that money with discretion.

Anonymous
7 months ago

As long as school choice exists….good luck getting new public schools where they are needed.

Yeppers
7 months ago

As long as they don’t vote in Florida like they did in NY which made them want to leave NY and come to Florida

Anonymous
7 months ago

Quieres oir algo comico? Perdio Trump!

Jajajajajajajajajajajaja!!!!!!!

Anonymous
7 months ago

Everyone hates to admit it but this is so obvious. Theres a reason every firm is exploring getting out of New York and California and moving to Texas and Florida. Business Friendly, Limited Regulations, and No State Tax.

Anonymous
7 months ago

Yeah but they ain’t exactly moving to Pensacola. They may like fiscal conservatism but they’re they’re all socially liberal.

Anonymous
7 months ago

Which is why Miami is as good as its going to get in the US, for now. Business climate of Florida mixed with everything Miami has to offer.

J.M.
7 months ago

Exactly. I feel after NYC, LA and maybe the Bay Area, Miami is one of the few desirable cities that can appeal to well educated and well to do millennials.

Anonymous
7 months ago

Unlike the typical stereotype, conservatives of today do not want to cram down their views towards others. How many hordes of conservatives to do see pulling down statues, burning businesses and assaulting bystanders if they don’t acquiesce to demands to shout slogans or chants? Less government intervention on all fronts, fiscally and socially. If they are socially liberal and fiscally conservative, they will find a home in Miami as many of us see ourselves that way.

Anonymous
7 months ago

Pretty sure that’s exactly what happened in DC this weekend.

Anonymous
7 months ago

“How many hordes of conservatives to do see pulling down statues”

“Less government intervention on all fronts”

But you’re offended by some people with no government intervention, taking down statures?

Well I guess you were incensed when you saw people taking down Saddam Hussein’s statue in Iraq?

Anonymous
7 months ago

Actually, to your surprise yes. We should have kept out of Iraq and many of the other foreign entanglements. Less government intervention on ALL fronts foreign and domestic.

Anonymous
7 months ago

“Well I guess you were incensed when you saw people taking down Saddam Hussein’s statue in Iraq?”

If the argument about companies moving the blue areas of red States is apples to oranges, this is apples to turkey legs. You’re comparing a Stalinistic despot overthrown in 2003, to people who died years ago nobody had a problem with until mental manchildren manufactured outrage and a slippery slope ensued? Remember how “Confederate statues belong in museums” morphed into destroying Union statues of leaders who “didn’t doing enough” and black figures like Frederick Douglas and Booker T. Washington for being Uncle Toms?

Anonymous
7 months ago

Gee, I didn’t know that a Muslim could be equated with a so-called “Stanlinistic despot?” Now, those Confederate boys wanted to over through an established government and become their own country. That’s treason whether you agree with it or not. Statues of those treacherous rebel leaders with their unruly sycophants shouldn’t have ever had statues erected in their honor.

Anonymous
7 months ago

I did not mention Saddam but had to chime in. Was Saddam Hussein only known as a Muslim? I could be mistaken, but wasn’t he also the unhinged leader of Iraq that threatened the entire region, preceded to invade Kuwait and then bombed the hell out of their oil fields? Either way the US should have not toppled down anything.

Confederates, to you and I, were indeed treacherous and in the 21st century putting up a statue for them is wholly antithetical to our values. However, in their time, members of these communities wanted to express their freedom of speech via the form of commemorative statues honoring their fallen. I am 100% in favor of having these discussions and going through the legal process of voting to remove/alter many of these memorials. Anarchy and violence should not reign.

Also, it is important that we be mindful of the fact that people and morals evolve for the better over time, thankfully. As much as I wish people in the past held our values, they unfortunately did not and most led pitiful existences because of it. Analyzing the ancient Greeks, Mongols or Aztecs or any other group we will see a similar pattern of barbarism when viewed through our modern sensibilities. While we shouldn’t celebrate the confederates, we should take care not to erase all vestiges of this sad part of our history as it is an impossibly difficult standard to keep once the precedent is set.

Anonymous
7 months ago

“Was Saddam Hussein only known as a Muslim? I could be mistaken, but wasn’t he also the unhinged leader of Iraq that threatened the entire region, preceded to invade Kuwait and then bombed the hell out of their oil fields? Either way the US should have not toppled down anything”

I see.. you really don’t know much.

First… Kuwait used to be a part of Iraq.
Second… Kuwait was doing what’s called “Slant Drilling.”
Third… Iraq told Kuwait to cut it out with the slant drilling.
Fourth… Kuwait continued the slant drilling and Iraq bombed them.
Fifth… Iraq used to be an U.S.A alley when Iran was a hated enemy.
Sixth… During Iraq twenty year with Iran, the USA armed Iraqi soldiers.
Seventh… There are more than just statues of confederate soldiers.
Eight… There are flags, schools, streets, etc. A confederate reminder.
Ninth… Groups like the “Daughters of Confederates” praise them.
Tenth… Anything erected or constructed that’s a reminder of these confederate treasonous and racist embarrassments to this country should be taking down by any means.

Talk talk talk… you keep talking, other people are tired of talking and are taking action.

Anonymous
7 months ago

Wow, who would have thought that we would find a Saddam apologist on TNM. At the time of the invasion, Kuwait was a fully sovereign country. As you clearly give ample discretion to the Iraqi position, there is not much that I can say to you. It is fortunate you are in the minority because with your world view, Russia can invade places like Finland and Estonia because they were once Russian territory.

Don’t worry, people like me will continue upholding the law and prosecute those who think they are above it. Go ahead and take action into your own hands, 10 years in prison should give you folks plenty of time to contemplate.

Anonymous
7 months ago

“Wow, who would have thought that we would find a Saddam apologist on TNM”

Like I said, “you really don’t know much.”

I’m presenting facts.. you’re spouting gibberish.

Tell me something. Do you want the U.S to bomb Cuba to because of the Castro family?.. because remember, they’re considered “unhinged” also.

Anonymous
7 months ago

Dont get much news?? You must have missed all the violent protests from the Right, especially the one where two people were killed. The Right doesnt bother with property damage, their focus is on human damage. Also, there isnt a cultural war that the Right, especially Trump supporters, didnt love! Stop lying!

Anonymous
7 months ago

Tell the owners or employees (all races by the way) of the businesses that were destroyed or badly damaged that they don’t fall into the “human damage” category. I can understand if you have never had to fight with an insurance company to receive relief from damage or have had to tell employees that they might not receive a pay check or have a job due to the business being shuttered.

Anonymous
7 months ago

“You must have missed all the violent protests from the Right, especially the one where two people were killed.”

So I guess the “peaceful protests” on women and children after legit pro-Trump peaceful protests, the Virginia baseball game shooting, and California bike lock wielders, not to mention the police officers killed in 2016 (under Obama, except all the race violence under his tenure were memory holed, right?) by perps aligning with BLM don’t count?

Anonymous
7 months ago

Well if you don’t like government intervention then I guess you don’t support our police? You know, the people who enforce government intervention.

Anonymous
7 months ago

I do support police, first responders, roads etc. I don’t support unions and crony policies that incentivize bad behavior and inefficient utilization of our tax dollars. Just because the police currently enforces policies I disagree with does not mean I think the entire system should be abolished. Many get caught up in rhetoric rather than the substance of the issues. Whether it’s Democrats and their stance with unions or Republicans on trade, we forget that we live in a world that operates in shades of gray rather than stark black or white.

Yeppers
7 months ago

You can downvote me all you want but you can’t escape the truth – democrat states are poorly run and that’s why their residents are jumping like rats from a sinking ship.

Anonymous
7 months ago

Yeah and people are running to move to Mississippi and W. Virginia. Virginia is becoming a blue state and people are still moving there like crazy.

Anonymous
7 months ago

Those are the liberal arts majors that are unemployed moving back in with their parents. Try again bud.

Anonymous
7 months ago

With a cesspool like DC it’s a magnet for all the lobbyists and provides an entire ecosystem from which Virginia and Maryland leech from. Being deep blue is not a superlative.

Anonymous
7 months ago

People are leaving parts of the NE and CA for now because of the corona virus. Regardless of their politics, FL and TX will soon fill up and start having the same issues these people escaped from minus all the actual positives/energy/dynamism of NYC or SF. More people, more problems regardless of the states politics.

Anonymous
7 months ago

What makes you think that Miami doesn’t have the positives/energy/dynamism that you assign as inherent characteristics of SF and NYC. If you read The Next Miami you must have some interest in the city and its potential as it’s sole purpose is reporting on development in the city.

Texas and Florida will have to grapple with the problems of population growth, but as native Floridian and believer in the dynamism of my State, I will try to do my part in advocating policies that promote and preserve what makes this State a great place to call home.

Anonymous
7 months ago

Oye! Perdió Trump! Jajajajajaja!

Anonymous
7 months ago

By Miami- he means metro Miami. Per NY press articles they are looking in Broward and Palm Beach. Logical spot being Boca Raton.
School quality or lack there of, refers to FL suburbs. Unless specialized schools- NYC finance execs in general send their kids to private schools or they live in high end suburban communities with superior public schools.

Anonymous
7 months ago

Boca Raton is NOT a logical spot for the countrys largest bank.

Anonymous
7 months ago

Yeah maybe they’ll have a satellite office their for top execs who don’t want the Miami Cubaneo by the HQ would be in Downtown/Brickell. What young finance talent would prefer to live in a retirement community than Brickell.

Anonymous
7 months ago

Would it be okay to substitute Miami Cubaneo with [insert race]ness in [insert city]. Let’s try to ease away from the racial double standards and drop wholesale branding of entire peoples. I thought we were the bigots and intolerant folks.

Anonymous
7 months ago

“What young finance talent….” —the ones that speak English

Anonymous
7 months ago

So many realtors and real estate people commenting on this post it’s not even funny. If you’re in finance, you already know this whole article is alot of hot air.

Let’s be straight here. Front office and Middle office are not going to move out of NYC. It’s the global capital of Finance. If you want to get the business of a brokerage or trading house, you need to be where they congregate. Surprise, they aren’t concentrated here in SoFL. Hell, Houston would be a more logical prospect compared to SoFL. The only thing Miami will likely receive is an increased head count of back office here in sofl or increase in the current LATAM focused desks. T

his anomaly of hedge funds moving here is one thing, one of the worlds largest banks is not just going to clear out all three of the largest office spaces in midtown Manhattan that they own in order to move to FL.

Y’all want something so much that the cognitive dissonance clouds your perception of reality.

Anonymous
7 months ago

You could be right and this piece is just that, hot air. In the grand scheme of things, Miami is still very young but in its short life as a city, it has evolved to have the largest concentration of foreign banks in the US. While the major domestic players are unlikely to abandon NYC anytime soon, 20 years ago it was unthinkable that Miami would attract anything other than shady South American money. Miami, like any other major city will have its ups and downs but I wouldn’t discount it.

– Miami resident with no license or affiliation with any realtor.

J.
7 months ago

I don’t think anybody is under the impression that Miami will become to new financial capital of the US, but you have to admit the growth here has been pretty remarkable. Miami is doing a great job the last 20 years at reinventing itself as more than just a tourist destination.

Anonymous
7 months ago

Come on down!!!

Anonymous
7 months ago

The Price is Right

Anonymous
7 months ago

Miami needs to focus first in education. Needs better public schools and need to add some universities which will focus academic in design-architecture and hospitality studies which are the advantages of this city. Miami must be Barcelona of usa. Need a business center near in the downtown- brickell area with commune connection (like in cumler west of i95)which will attract all the major hospitality brands in the begging like cruises companies, hotel chains, airbnb, booking, uber.

Anonymous
7 months ago

Dimon commissioned a new HQ in Manhattan, so he’s clearly committed to NYC when Mayor de Bozo is out. Any relocation to Miami/South Florida will be for tax purposes. If it wasn’t for Trump curtailing trends of corporate inversions, Chase would be moving to Bermuda.

Anonymous
7 months ago

TMN I can keep these games up all day. If you let people comment whatever they wanna say, then either let my comment go through or don’t let anyone’s comment go through.

reality
7 months ago

People get a grip… i understand we have turned into a brokers mouthpiece here recently.. but calm down. First Goldman Sachs, if they do move its going to be their asset management unit, hundreds jobs, if that not thousands, the same thing with JP Morgan, the core of their operations the ones that are paying the top dollar and making decisions are never leaving NYC period.

Anonymous
7 months ago

Good to know you have a crystal ball. Most here are not arguing that NYC will completely collapse, but as we have seen over the past few decades, the power concentration in New England has slowly been draining away to the west coast as well as the south.

SnowBird
7 months ago

I’ve moved for job reasons from Metro NY to South Florida. The good: Nice weather, no State taxes, efficient and fast handling of registering cars (DMV services, license plates). The not-so-good: Completely unreliable contractors – wait until you own a home or apartment and need something done – unreliable, full of lies, corrupt to the n-th degree. Weather – be prepared to live in hot & humid climate – acknowledge that sea level rise is an issue, so flooding is always present, either when it rains too much as it did just this past October, or during King Tide periods. Cost of living is elevated when it comes to insurance (home owners, flood which is becoming more and more mandatory). Traffic infrastructure is insufficient – you have two major arteries going North/South (I95 and Turnpike), and they are constantly clogged, especially between Miami and Fort Lauderdale/West Palm Beach) – add in a mandatory hurricane evacuation order, and you’re not going anywhere.

Miami Sucks
7 months ago

Great. More New Yorkers.
Ugh.

Anonymous
7 months ago

Ok, so basically this article and timeline says equally that nothing has changed. Same yapping and teasing. Using the morons down here as pawns. Laughable. How surprising that a CEO who’s basically thinking mostly about himself would want to just move an HQ to wherever he feels like living himself. Ooooh, never heard THAT before.

Azarius
7 months ago

What most ppl fail to realize is that there are TWO Florida’s. You have Blue- Orlando, Jax, Tri County, & Tallahassee…Than there’s red which is everything else. Most of theses companies will never resign or operate in the red part of the state. So show respect to the blue and just be happy you’re making more Profit by moving into a Blue area. Obviously we’re doing something right 🤷🏽‍♂️

Azarius
7 months ago

And FYI I’m Purple…less government and lower taxes (tax corps and tourists) more PPP with regulations and better schools and infrastructure ‼️

Anonymous
7 months ago

Azarius, I am glad you agree with the principle of less government and lower taxes, so do I! However, despite the urban areas you mention our State legislature, which sets State laws, are and have been Republican-led. Many do not know that in reliably Republican Lee County, companies like Hertz, Chicos, and Gartner are headquartered there. Plus in Polk, you have Publix headquarters and other fortune 500 dotted throughout the “red” as you say. The blue or purple-ish area you mention provides some balance, yes, but the moment our legislature flips blue, I doubt the pro-business and low tax environment will stick around for long.

Tri-county may be large but unlike other states, Florida is growing throughout most of its counties.

J.
7 months ago

OMG YOU’RE PURPLE??!?! CAN YOU GET ME INTO LIV WHEN IT OPENS????

Anonymous
7 months ago

Nobody calls it “tri county” you new yorker. Miami metro or South Florida is what it’s called

Anonymous
7 months ago

our university system is limited. But i dont see how that should scare away companies. Go to school up north. Then move to miami. Simple as that.

Anonymous
7 months ago

Stay away. These stupid people will vote democrat and wreck Florida like they did to their states

Anonymous
7 months ago

Florida is popular because of them. Who are you anyway to think you have the right to tell some people to “stay away?”

Anonymous
7 months ago

I hope this actually happens so we can boost the Miami economy more with real Substantive industry in Miami instead of just another Latin cafe somewhere. And, Miami needs schools like some of those higher quality ones in NYC. When the NYers start coming down, it’ll really make Miami much better.

Anonymous
7 months ago

New York post is fake news

Anonymous
7 months ago

I guess all networks are as they are now admitting that Hunter Biden is under investigation for nefarious business dealings and the tax consequences of may have.

Anonymous
7 months ago

He’s in good company with Trump, who also has various investigations into his business dealings.

Anonymous
7 months ago

You mean, like the fake “Trump University?”

Anonymous
7 months ago

Theres zero proof that the information contained in the laptops are true. Rudy G wouldnt let any MSM probe them. Also, its not an admission, Hunter Biden made an announcement regarding the investigation that AG Barr knew about and didnt disclose.

Anonymous
7 months ago

Not talking about the Laptop, although that too is under investigation. Take your qualms to The NY Times and the Washington post for reporting.

Anonymous
7 months ago

Rudy won’t let any MSM probe them, or any MSM won’t probe them because it’s all apparently a bogus conspiracy theory, right? Just like government “officials” a couple rungs above the DMV won’t let government officials investigate coincidental election irregularities, but will spend two years, with the aid of a Commiefornian Congressman compromised by a Chinese communist spy and farts on camera, milking claims Trump is a Russian implant over a non-existent golden showers tape? Didn’t they also say for months they have one with him saying the “N” word? Biden certainly said it in 1985.

Anonymous
7 months ago

Please.. Trump fired a government official, Christopher Krebs, the director of the Cybersecurity and Infrastructure Security Agency because he to balked at Trump’s claim of election fraud. Therefore, he wasn’t going to do any investigation of unfounded “election irregularities.” And didn’t the Republicans hold a multitude of hearings on Benghazi in their attempt to incriminate Hillary Clinton with something? And are you one of those Republicans who conveniently ignore the lawsuits launched at the Trump’s for racist tactics to keep blacks from renting one of their apartments in NYC?

Anonymous
7 months ago

Are you just as concern about Trump and his childrens many investigations?