According to the New York Post, the number of people moving to Florida during the first months of 2022 is even higher than during the same period in 2021, when record numbers had already been reached. In particular, the Miami metropolitan area is a big beneficiary of migration, very often qualified, involving skilled workers and entrepreneurs especially in the financial and new technology sectors.

            Looking at the swap in driver’s licenses, which are the main identity document in the U.S., there were thousands of transfers in the first 4 months of 2022 alone, specifically:

• New York to Florida – 61,728 license swaps (+12% compared to 2021 and +55% compared to 2019);
• New Jersey – Florida – 10,580 license swaps (up 9% from 2021);
• Connecticut – Florida – 4,119 license swaps (+4% over 2021);
• California – Florida – 9,645 license swaps (up 18% from 2021);
• Pennsylvania to Florida – 8,412 license swaps;
• Illinois – Florida – 8,149 license swaps.

            This internal migration is driven by a number of factors that have been amplified by the pandemic, most notably the expansion of remote work, which has allowed many professionals who have relocated to Florida to be able to take advantage of a lower cost of living, lower taxation, and year-round outdoor living.

            This dynamic has also been enhanced by a major campaign to reposition Miami as a technology hub, particularly in the areas of blockchain, start-ups, cryptocurrency, and in the financial field. Not surprisingly, large companies such as Blockchain.com and the hedge fund Citadel have moved their headquarters to Miami.

According to a recent Wall Street Journal article, financial firms that have opened offices in Miami over the past 18 months represent around 2 trillion in assets. In addition, Miami is home to the so-called “10 unicorns,” or start-ups valued at more than $1 billion.

            The city is experiencing great expansion in the area of funding new start-ups, in fact, venture capital funding in the Miami metropolitan area has doubled the figure since 2021, and has reached more than $4.6 billion. Overall, according to the U.S. Census Bureau, in 2020 alone there were more than 106,000 applications for opening new companies in Miami-Dade County, which is an increase of more than 24% over 2019, which was the record figure at the time. This figure was even surpassed with a new record of over 135,000 new applications in 2021.

            This trend is expected to continue in the coming years as Miami is making major investments to position itself at the level of other world economic and business capitals, including hosting events such as the Formula 1 Grand Prix or the 2026 Soccer World Cup.

CLICK HERE TO KNOW MORE ABOUT THE EVENTS OF THE FVG WEEK

July 8^th, 2022,

Dear IACCSE Member

The Italy-America Chamber of Commerce – Southeast, would like to inform you that the elections for the renewal of the Board of Directors will take place during the following weeks.

For this purpose, the Compliance Committee, under the direction of the IACCSE Board, will implement and oversee the candidacy and election procedures for the Directors elections, as provided for in the Bylaws of the IACCSE.

The IACCSE Bylaws provide for a three-year term for all eleven (11) directors of the IACCSE Board. Accordingly, the IACCSE Board has determined that the 2022 elections will take place in July – August, 2022.

Therefore, the expiration of the term for the new Board will be July 2025.

The procedure for this year’s elections is as follows:

Step 1: Members seeking a position as a Director on the IACCSE Board MUST complete page one (“Eligibility Information”) of the enclosed “Candidate Statement ” and return it, no later than 5:00 p.m. (EST) on July 26^th, 2022 VIA e-mail at info@iacc-miami.com (subject: Att. Compliance Committee). Statements received after the deadline are null and void. In addition, each candidate may, but shall not be required to, complete page two (the Annex “A”) describing the candidate’s qualification and objectives. The Annex A, if any, must be submitted concurrently with the Eligibility Information. Annexes A that are not submitted concurrently will not be circulated by the IACCSE.  Candidates are solely responsible for ensuring that their Statement arrives timely.  E-mail early to avoid any last-minute technical difficulties. Any questions must be submitted in writing and addressed to IACCSE, Attention: Compliance Committee (info@iacc-miami.com).  No communication by IACCSE staff or any person not a member of the Compliance Committee may alter the election procedures.

To be qualified to run for the IACCSE Board, a person:

1. must be the contact person of one or more Voting Members for more than 13 consecutive months before the elections.
2. must be over the age of twenty-one (21) as of the date of the mailing of this notice; and
3. Be otherwise in good standing with his/her member dues and in compliance with Article 4 of the Bylaws (member conduct).

Step 2: The Compliance Committee will hold a meeting between July 26^th and July 28^th to review all timely Statements and approve all qualified candidates to run for the Board. An approval of candidacy notice will be forwarded via email to the eligible candidates shortly thereafter.

If you feel that you are qualified to contribute to the growth of the Chamber and to help the Chamber to pursue its mission to promote trade relations between Italy and United States of America, we strongly encourage you to apply. Please note that being a board member means not only to attend the monthly meetings, but also to be proactive in introducing new potential members to the Chamber, referring potential sponsors for Chambers’ signature events and put at the service of the Chamber, if needed, one’s own professional expertise. The IACCSE is a no-profit organization that rely on the commitment of its members to continue to grow and to pursue its mission.

Step 3: The voting process will begin on July 29^th, 2022 when the official ballot with the qualified candidates (and their Statements) will be e-mailed to all Voting Members. Each Voting Member will vote online through a THIRD-PARTY secure system that ensure secrecy. Neither the IACCSE nor any candidate can access ANY voting information.  Members must vote by 5:00 p.m. (EST) on August 29^th, 2022.^[1]

Please note that neither candidates nor members may campaign by referring to other candidates unless the other candidate has approved such reference in writing by notifying the IACCSE.  If any candidate or member violates this rule, the candidate will automatically be disqualified, and member sanctions may apply.

At the present time, we encourage all qualified candidates to please fill out all sections of the enclosed Statement and timely return it by the above July 26^th deadline.

Sincerely yours,

IACCSE Compliance Committee

Mr. Luca Cancellieri CPA

Mrs. Ilaria Cacopardo, Esq.

Mr. Giorgio Polacco, Esq.

[1].   The IACCSE reserves the right to extend this deadline for exceptional circumstances.  

DOWNLOAD HERE THE CANDIDATE STATEMENT