MFI-Miami Blog

New York Homeowners Join Unhappy Business Owners In Conga Line To Florida The craziness in New York lately has driven New Yorkers to join business owners in their conga line to Florida. Armando Codina is one of them. He  created a website  about it to find more like-minded New York homeowners. He told Forbes: New Yorkers used to come to Florida to buy a second home. Now they are coming down here to live. Why? It’s simple. Money. You can save more money in Florida. In addition, the Covid-19 pandemic and the recent protests have shown the tri-state is not the place to be during a public health emergency.  South Florida also has had protests following the death of George Floyd at the hands of police in Minneapolis. However, it hasn’t been as continuous in New York. The Covid-19 pandemic was not as bad here. In addition, restaurants have been opened for weeks now. Read more at MFI-Miami

New York City Taxes Are Creating A 1300 Mile Conga Line Of Businesses Making The Exodus To Miami The Conga line of former NYC business owners escaping New York City taxes has arrived in Miami. New York City taxes are starving small business owners. However, businesses are not shutting down. They’re just moving to South Florida and it’s showing in the numbers. Biz2Credit  states Miami overtook New York City in small business development last week.  The report underlines how thousands of New York’s most enterprising residents are fleeing to places like the Sunshine State. Biz2Credit CEO Rohit Arora states: Although New York is still booming, the cost of doing business for small business owners continues to rise which conducted the research for the rankings by measuring revenues, credit scores, and other variables. Rents continually increase, and labor costs are high and will continue to increase since New York has enacted a law to raise the minimum wage to $15. ...