EPISODE · Mar 21, 2026 · 9 MIN
"I moved my company out of NYC . . . My only regret is that we didn't move sooner."
from #LegalBytes: The Official Podcast of Cummings & Cummings Law · host Cummings & Cummings Law
According to a report on Business Insider, a major fintech firm operating steps from Wall Street evaluated nine cities across the country and chose St. Petersburg, Florida as its new center of operations. In this presentation, attorney and CPA Chad D. Cummings examines the decision-making framework behind that move, including the importance of owning real estate, competing for talent, and selecting a jurisdiction with a business-friendly regulatory and tax environment. The discussion highlights why some companies are deliberately avoiding overcrowded markets such as Miami in favor of emerging hubs where they can establish a dominant presence, build relationships with local universities, and shape the surrounding ecosystem. It also explains how quality of life, cost structure, and operational flexibility factor into long-term growth decisions, and why companies that relocate to Florida often experience both financial and cultural improvements. Finally, the presentation addresses the broader implication for business owners: if your company’s location was chosen by default rather than by criteria, it may not withstand a fresh evaluation in the current economic environment. Learn more: https://www.cummings.law/redomestication/
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"I moved my company out of NYC . . . My only regret is that we didn't move sooner."
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