Miami’s downtown team helping financial firms to grow here

Written by Catherine Lackner on August 13, 2019

Miami is becoming a new financial services hub, but how easy or difficult is it for transplants from New York, Chicago and even California to adapt once they’ve moved here?

“Since the Miami DDA [Downtown Development Authority] began its initiative to lure financial firms to Miami, and specifically our urban core in 2014, we’ve nearly doubled the amount of registered investment advisors in downtown Miami, the amount of total reported assets under management in the district has grown to more than $75 billion, and the financial sector workforce in the city’s urban core has expanded by 55% since 2014,” Nitin Motwani, a downtown authority member who chairs its Enterprise Committee and a managing principal of Miami Worldcenter Associates, said via email.

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