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Published: May 19 2021

Summer is just around the corner, and many are daydreaming about moving to warmer areas. The coronavirus pandemic is finally nearing an end, so it might be time to start planning your move. It’s not just individuals who are finding the Sunny State appealing; business owners are also taking the plunge. We will look closer at some of the reasons to move your business to South Florida and what Fort Lauderdale has to offer.

Here are the 6 most important reasons to move your business to South Florida:

1. South Florida is a tech hub

Many tech-based companies are setting up their base of operations in Florida. Startups are popping up all over the place, and numerous tech businesses have steadily been relocating here for the last several years. This, of course, begs the question: is South Florida becoming the next Silicon Valley? You should definitely keep an eye out since the tech scene has been expanding with no sign of slowing down. If you own a tech company, it can make sense to follow others in your field and relocate to Florida.

2. Tax friendly

Florida has no individual income tax. This is probably one of the most appealing reasons to move your business to South Florida. The favorable tax policy is beneficial towards individuals but can also affect businesses trying to stretch their dollar. There are also numerous financial incentives making it even more appealing to companies. The economy in Florida is also strong, allowing many types of businesses to thrive.

3. Affordable cost of living

Besides a friendly tax policy, Florida also boasts a cheap cost of living compared to places like California. These two factors combined allow residents to have a lot of spending power. Compared to what they can do with the same wages elsewhere, the residents of Fort Lauderdale get to enjoy comfortable living at a reasonable price. Businesses will have an easy time attracting employees if they set up shop in South Florida.

4. Warm Climate

Florida consistently ranks as the warmest state all year round. South Florida is known for its natural beauty and numerous outdoor activities. Most people would rather live where the weather is warm and pleasant than in colder places with harsh winters. When not at work, residents spend their time on beaches and visiting Fort Lauderdale’s natural attractions. Young people seeking job opportunities who move to Florida can act as great ambassadors to their friends and colleagues. It will be easy for your employees to envision themselves spending every afternoon at the beach. Once their friends and family members start talking them into moving to South Florida, it will be hard to say no.

5. Cultural diversity

South Florida has a diverse cultural hub that fosters creativity. Having professionals of different backgrounds will allow businesses to better understand and adapt to the needs of their customers. A multicultural city is excellent for supporting entrepreneurship and varied business ideas. Many different companies can find a place for themselves in a community that prides itself on diversity and acceptance.

6. Tourism

A constant influx of tourists is healthy for many businesses. South Florida has out-of-state visitors in practically any season. Businesses catering to their needs will find no lack of customers. A constant stream of out-of-state capital is excellent for the economy. The number of tourists visiting Florida has steadily increased each year. South Florida represents one of the most popular tourist destinations for both American and international visitors.

How to plan a corporate move

Creating a new startup is one thing, and Fort Lauderdale is a great place to start a small business. However, relocating an already existing business comes with its own set of challenges. Nothing you need to excessively worry about, but it’s good to be aware of what you’ll need to handle. If we have won you over with all the reasons to move your business to South Florida, we now need to go over how to organize the whole thing.

• Plan the move in advance. You’ll want to organize the move so that it doesn’t disrupt your business. Obviously, you’ll want to have your business running as smoothly as possible, and you should avoid having a lot of downtimes. Relocating a business takes a lot of planning, so you should start figuring out the details as soon as possible. Start with the planning phase about six months to a year before you execute the actual move itself.
• Choose a date that won’t affect your business. Are there any parts of the year when business is slow? That might be a great time to move. If you are moving to South Florida from nearby, for example, if you are coming from the west part of the state, your corporate relocation can be done in no time. This will allow you to continue day-to-day operations without losing too much time off work.
• Notify your employees on time, but don’t forget about your customers either. If your business doesn’t deal with customers directly, they might not even feel like anything has changed. When it comes to your employees, try to provide them with a detailed plan to support the relocation of their families as well.
• Prepare your office equipment. Depending on the type of business you are in, physically packing your office equipment can be more or less complicated. You should definitely start packing on time and prepare your inventory like a pro. Whether it’s just laptops and cables or heavier furniture, you’ll want to have everything labeled and packed before handing it over to the movers.

Organizing a corporate relocation is similar to many other types of moves. It always begins with a lot of research and planning. Your research will surely lead you to discover that there are numerous reasons to move your business to South Florida. The next step would be to arm yourself with a lot of patience and start discussing the move with your employees. Take things one step at a time, and you will undoubtedly find a solution that works for everyone.