Griffin-Ross $10M Campaign Positions South Florida as Unified Business Corridor Amid Corporate Migration

The ‘Ambition Accelerated’ campaign, launched with $5 million contributions each from billionaires Ken Griffin and Stephen Ross, represents a strategic shift in how South Florida markets itself to corporate America. Rather than individual cities competing for business relocations, the initiative positions Miami, Fort Lauderdale, West Palm Beach, and Boca Raton as a unified economic corridor with coordinated messaging targeting CEOs in high-cost metropolitan areas.

Larry Mastropieri, CEO of The Mastropieri Group, explains that the campaign reflects recognition that South Florida’s economic transformation requires coordinated messaging rather than fragmented promotion. ‘The campaign frames the Gold Coast as one unified corridor, which fundamentally changes how executives evaluate relocation decisions,’ Mastropieri said. The initiative debuted at the WSJ Invest Live conference in West Palm Beach on February 2.

Beyond traditional advertising, the campaign includes concierge services connecting relocating executives with practical infrastructure details that determine whether relocation discussions convert to actual moves. These services provide workforce data, office inventory, school timelines, and neighborhood guidance through resources like discoversouthflorida.com.

The timing aligns with measurable corporate migration patterns. Over the past five years, more than 140 companies relocated to Palm Beach County, creating 13,110 jobs and $1.12 billion in capital investment. Wealth migration statistics show West Palm Beach experienced a 112% increase in millionaires over the past decade, with Miami recording 94% growth – both surpassing New York as the world’s fastest-growing wealth hubs.

D-Wave Quantum’s decision to relocate its global headquarters from Palo Alto to Boca Raton’s Innovation Campus demonstrates the corporate migration the campaign aims to accelerate. The quantum computing firm leased 25,000 square feet with transition expected by end of 2026, joining California companies departing partly driven by the state’s proposed 5% wealth tax. Florida Atlantic University committed $20 million to install a D-Wave Advantage2 quantum computer on campus, creating direct talent pipeline between university and tech corridor.

The Griffin-Ross campaign targets specific pain points driving corporate relocations: tax burden, operational costs, talent availability, and quality of life factors. New York and Chicago executives face state and local tax rates that can exceed 13%, while Florida maintains zero state income tax. Office space costs in Manhattan average $80-100 per square foot versus $35-45 in West Palm Beach.

Beyond economics, the campaign emphasizes lifestyle factors that have become more relevant in post-pandemic corporate location decisions. South Florida offers climate, recreation, and international connectivity without the density and operational complexity of traditional business capitals. The coordinated approach addresses a historical challenge where South Florida markets have often competed against each other rather than collectively positioning against New York, Chicago, and California.

For South Florida’s real estate markets, sustained corporate migration creates upward pressure on office, residential, and hospitality sectors simultaneously. Each relocated company brings executives requiring housing, employees seeking rentals, and visiting clients needing accommodations – multiplying economic impact beyond initial job creation numbers. The $10 million investment signals confidence that coordinated regional marketing can accelerate corporate migration trends already in motion, potentially creating self-reinforcing momentum as each successful relocation makes the next decision easier.

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