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(Bloomberg) — Blackstone Group Inc. plans to open an office in the Miami area and hire about 215 workers as South Florida lures more finance and investment firms.
© Photographer: Cliff Hawkins/Getty Images
An aerial drone view as beachgoers take advantage of the opening of South Beach on June 10, 2020 in Miami Beach, Florida.
The location will mostly house back-office technology employees. Investment professionals won’t be based there, for now.
Read more: Hedge Funds Head for Florida With Taxes on Rich Rising Elsewhere
South Florida has been actively recruiting firms including hedge funds, some of which are attracted to the state’s zero income tax. While Miami-Dade isn’t cheap by Florida standards, it can be a bargain compared to New York.
“Miami is a vibrant market with a pipeline of top talent from best-in-class technology programs and a large technology footprint,” Jennifer Friedman, a spokeswoman for Blackstone, said
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“Richard M. McVey Data Science Building” name approved by Miami Board of Trustees
Rick McVey (Miami ’81)
Miami University has announced a $20 million gift from Rick McVey (Miami ’81) which will fund a construction of a new data science building on Miami’s Oxford campus. In recognition of this contribution – one of the top-five largest single gifts in Miami’s history – the building will be named the Richard M. McVey Data Science Building in his honor, an action recently approved by the Board of Trustees.
Miami President Greg Crawford underscored that this gift is central to making Miami’s vision of creating an academic epicenter for data science a reality.
“An interdisciplinary team of faculty and staff have been working on a design for this building that will transform our academic programs related to data science and digital technology. This gift makes that vision a reality,” Crawford said. “We are