Miami looks beyond beaches, bikinis to tech

Yahoo Finance
Miami looks beyond beaches, bikinis to tech

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Famed for its beaches, cruises and cafecitos, South Florida is now angling to become one of the nation's next tech hot spots by leveraging its role as the gateway to Latin America and luring northern entrepreneurs with cheap living costs and lots of sun.

The region in and around Miami has long pinned its financial fortunes on real estate and banking, but a combination of factors — the recent recession that shook those economic drivers coupled with an increase in cloud computing, the rapid growth of mobile devices in Latin America, and the area's vast health care industry — now have civic leaders and local entrepreneurs making a push to diversify into the tech industry.

Reporting by Aura Wides-Munoz, The Associated Press.

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