FORT LAUDERDALE, Fla. (July 3, 2025) – With its low taxes, business-friendly infrastructure, robust talent pool, and economic growth that is outpacing the nation, more businesses are relocating to Greater Fort Lauderdale than ever before.
The Greater Fort Lauderdale Alliance, Broward County’s official economic development organization, reports that New York, Connecticut, and New Jersey-based companies account for the majority of those the Alliance assists in relocating to Broward.
“Greater Fort Lauderdale is the new frontier for business expansion, with all the right elements to prosper both in business and in life,” said Greater Fort Lauderdale Alliance President and CEO Bob Swindell. “We’ve cultivated one of the most business-friendly climates in the nation, offering public-private partnership opportunities, collaborative support, and an innovative spirit that catapults businesses to the next level. We’ve helped countless business leaders seamlessly relocate and expand in Broward, and the majority have only one regret: that they didn’t do it sooner.”
Recognized as a Top 2 U.S. metropolitan area for economic strength by Area Development, Broward County is home to more than 200 corporate, regional, and international headquarters and several multibillion-dollar sectors, including aviation and aerospace, manufacturing, global logistics, life sciences, and financial services, which have seen tremendous growth in recent years.
A Top 5 U.S. market for tech business growth, per CompTIA, Broward is also home to major companies such as UKG, Chewy, Citrix, Future Tech, and Magic Leap, which are reshaping sectors from aerospace and defense to finance and healthcare using cloud computing, augmented reality (AR), virtual reality (VR), and artificial intelligence (AI), which is poised to be a major growth sector in the region.
Bob Venero, president and CEO of Future Tech Enterprise, Inc.—a global IT solutions provider specializing in implementing emerging AI technologies such as digital twins, AirGap AI, and AI-driven simulation platforms—relocated his business from New York, where it was headquartered for 25 years, to Fort Lauderdale in 2021 for its highly collaborative business community, robust talent pool, and notable tax savings.
“Within the first four years of relocating our business to Broward, we’ve more than doubled our revenue and grown Future Tech into a half billion dollar company with operations in 37 countries around the world,” said Venero. “Beyond the tax savings, which is significant, Broward has a very strong and growing tech talent pool, as well as an unbeatable business-friendly climate, infrastructure, and highly collaborative business community, anchored largely by the Greater Fort Lauderdale Alliance. We found all of the elements necessary to fuel our company’s growth in Broward. Not to mention, the weather is fantastic, and the people are just happier down here, especially our employees.”
Venero credits Future Tech’s highly successful relocation from New York to Fort Lauderdale to assistance provided by the Alliance, which also spearheads South Florida’s TechGateway initiative to foster, develop, and recruit more high-skill talent to “Work in the Cloud, Live in the Sun.”
“The Alliance’s commitment to attracting and supporting leading technology companies continues to play a central role in our success story as we look to further expand,” Venero continued. “The fact that we’ve grown our business more rapidly in our first four years in Greater Fort Lauderdale than in our previous 25 years in New York says it all.”
With an annual GDP of nearly $163 billion, Broward County’s job growth and labor force participation rates have also continued to outpace the nation over the last five years.