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California venture capitalists are flocking to cheaper Sunbelt cities, and many want Orlando to get in on the action.
The Bay Area is hemorrhaging residents, losing 45,000 people in 2020 per a report by real estate brokerage Redfin Corp. Among those leaving the high-tax, high-cost metro are the investors who make Silicon Valley the world’s venture capital mecca.
Orlando’s advantages over other low-cost Sunbelt cities include its robust airport, access to Cape Canaveral’s aerospace industry and the hub of tech firms at Central Florida Research Park, said Orlando Economic Partnership CEO Tim Giuliani.
