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The exodus from Silicon Valley benefits Texas and Florida

2021-01-10T19:16:40.214Z


Culture wars, the cost of living, and bureaucratic red tape are driving a growing number of executives to flee California.


New York

"OK, guys, listen to me: what if we move Silicon Valley to Miami?"

The tweet, posted at the end of November by Delian Asparouhov, sounded like a geek provocation, but the co-founder of Varda Space Industries was seriously serious.

His motivations echo those of many executive leaders in the Northern California tech scene, overwhelmed by the cost of living in San Francisco, the proverbial traffic jams, disputes with the region's policymakers, the current cycle of droughts and droughts. gigantic fires, and the impression that California

"is resting on its achievements",

in the words of Elon Musk, boss of Tesla and SpaceX.

As a result, many big bosses of Palo Alto and San José decide to move elsewhere.

The extension of teleworking linked to the pandemic has only accelerated this growing transhumance.

Their destinations?

Texas and California, but also Detroit (Michigan), New York, Boston (Massachusetts),

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Source: lefigaro

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