Constructing the Movement in Miami

I began by responding to a question from a late-nighter: “Why don’t we move Silicon Valley to Miami?” Then I asked again, “How can you help?”

Few could have imagined that this simple change in the relationship between an entrepreneur, and a politician would trigger a wide range of policy and financial decisions. Few could have anticipated the excitement and power which sent a new generation of technology to Miami. Few would have predicted the speed of change in Miami and Florida. We can now confirm that the Miami movement is more than mere chatter.

As mayor, I have seen this movement develop exponentially, resulting in hundreds of new people, tons of brand-new corporations and billions of dollars of new investments. In the last year, 48 companies have signed leases, and 63 of these new to market firms have settled in Miami. They have brought with them more than 7,000 new jobs, and approximately $1billion dollars in future wages.

SoftBank, Blackstone, and Silicon Valley Financial Institution have all established footprints and expanded operations. Many young, talented entrepreneurs have arrived in Miami. I have interviewed some of them. The entrepreneurs I’ve interviewed always ask me, “How can I help build a better Miami?” Their arrival is more than just a financial transformation; it represents entrepreneurship, education, business and governance revolution. As we speak, new industries are being created. This has been a great win for both buyers and residents. It was my job to seize this opportunity to ensure a high-value, tech-driven financial system for the future generations of Miamians.

Miami has become the global “capital of capitalism” for the Americas. It was rated as the top metropolis in the world for job growth and the number one metropolis to start a business over the past five years. Our financial services footprint has also expanded for both North American and Latin American financial institutions, replacing New York City and Mexico Metropolis.

The convergence of capital and knowledge from the Americas offers funding opportunities for buyers, entrepreneurs and businesses. Miami has also actively and aggressively attracted fintech industries, including the technology that can propel America’s next industrial resurgence.

Miami is the first part of a larger American industrial and technological revolution. This will attract and bring together more people, more capital and new ideas that were previously marginalized or penalized due to the policies and programs of other cities and states. Our aggressive tax policies, sound legislation and pragmatic approach have already fueled new businesses and industries that benefit our residents – making Miami the real driving force of Florida’s economic expansion.

Miami is already a test bed for innovations that will shape the future. Miami’s financial system is currently undergoing a discussion about the role of cryptocurrency. We believe that blockchain and cryptocurrency can help open the financial system up to groups and individuals who have traditionally been excluded by the free markets and monetary institutions. We believe that by using technology to access the financial system, a new generation of people will be empowered to earn, invest, and own the fruits of their labor.

As a government, our role is to bring this new technology into the light so that it becomes more accessible, predictable and productive for those who choose to participate. MiamiCoin, a new digital coin launched by CityCoins, has made this technology more accessible. MiamiCoin, the first coin released by CityCoins changes the way residents of the city can interact with their communities and fund major metropolis projects without putting tax “dollars” at risk. This is a brand new idea, but it’s part of a process of innovation and market expansion that can benefit our residents and strengthen the economy.

We believe that the Miami movement has the ability to serve as a model for how cities can develop their economies, expand services and provide residents with better service. Miami will continue to develop new ways for everyone–from natives to newcomers–to participate in the vision of a city that lasts forever and works for all.