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Some say Florida could become a major tech and finance hub within a decade. That may be an overstatement.
Florida has attracted dozens of financial firms and high-profile investors in recent months. Advocates believe the trend is sustainable and could solidify Florida as a major player in the world of technology and finance. Others say there are some challenges ahead that hinder the Sunshine State’s growth potential. Potential challenges in the way of Florida’s rise include low wages, income inequality and a housing shortage. Migration data and GDP growth from 2020 also do not indicate a major upswing. [Source: CNBC]
