EPISODE · May 4, 2026 · 11 MIN
Report: Billionaire Stephen Ross says South Florida’s business relocation push in the '1st inning'
from #LegalBytes: The Official Podcast of Cummings & Cummings Law · host Cummings & Cummings Law
Attorney and CPA Chad D. Cummings presents this powerful presentation featuring billionaire Stephen Ross, CEO of Related Ross and owner of the Miami Dolphins, declaring that South Florida's corporate relocation wave is still in the "first inning." Ross highlights major moves including ServiceNow's 200,000 square foot second headquarters, Wells Fargo's wealth management division, Cleveland Clinic Florida, and Vanderbilt University in West Palm Beach, along with his $10 million commitment with Ken Griffin to recruit more companies. This presentation breaks down the IRS migration data showing Florida gaining over 55,000 high earning residents and $20.6 billion in adjusted gross income while high tax states like California, New York, Illinois, New Jersey, and Maryland continue to lose billions. Learn why Florida's zero state income tax, pro business environment, and strategic advantages are attracting top companies and talent, and discover how redomestication enables business owners in high tax states to legally move their company to Florida or Texas without creating a new entity, without dissolution, and on a tax free basis while keeping their FEIN, contracts, credit history, and bank accounts intact. If you own a business in a high tax state, this is your opportunity to secure major tax savings and position your company for the biggest economic shift in decades. Learn more: https://www.cummings.law/redomestication/
What this episode covers
Attorney and CPA Chad D. Cummings presents this powerful presentation featuring billionaire Stephen Ross, CEO of Related Ross and owner of the Miami Dolphins, declaring that South Florida's corporate relocation wave is still in the "first inning." Ross highlights major moves including ServiceNow's 200,000 square foot second headquarters, Wells Fargo's wealth management division, Cleveland Clinic Florida, and Vanderbilt University in West Palm Beach, along with his $10 million commitment with Ken Griffin to recruit more companies. This presentation breaks down the IRS migration data showing Florida gaining over 55,000 high earning residents and $20.6 billion in adjusted gross income while high tax states like California, New York, Illinois, New Jersey, and Maryland continue to lose billions. Learn why Florida's zero state income tax, pro business environment, and strategic advantages are attracting top companies and talent, and discover how redomestication enables business owners in high tax states to legally move their company to Florida or Texas without creating a new entity, without dissolution, and on a tax free basis while keeping their FEIN, contracts, credit history, and bank accounts intact. If you own a business in a high tax state, this is your opportunity to secure major tax savings and position your company for the biggest economic shift in decades. Learn more: https://www.cummings.law/redomestication/
NOW PLAYING
Report: Billionaire Stephen Ross says South Florida’s business relocation push in the '1st inning'
No transcript for this episode yet
Similar Episodes
Mar 26, 2026 ·1m
Mar 19, 2026 ·34m
Feb 18, 2026 ·11m
Feb 11, 2026 ·45m