World Property Journal – January 2017
The world is beating a path to Palm Beach County’s door, at
least the world of hedge funds. This is according to Kelly Smallridge,
president and CEO of the Business Development Board of Palm Beach County,
The reasons for this new-found affection go beyond South Florida’s mild weather and lack of a state income tax. These attributes are not new. But high taxes in the Northeast, as well as, more recently, at the federal level, have kick-started the migration south for many financial firms, but especially hedge funds, who only need phones and computers to set up shop anywhere in the world.
Palm Beach County hasn’t been the only South Florida county to welcome the titans of the financial industry of late, although the others probably see fewer than South Florida’s northernmost county.
The full article is available here: World Property Journal