SoftBank has donated $100 million to the development of Big Tech in Miami and the city’s mayor Francis Suarez says the bet has given his project an exponential opportunity to grow.
“From a development perspective, we have the ability to grow 10x in terms of our growth envelope,” he told FOX Business' "Cavuto: Coast to Coast." “So that bodes very well for our future for the city.”
SoftBank’s contribution is one of the first huge bets in Suarez’s push to move Big Tech companies to Miami which he said proves “how bright” its future shines.
“It’s a tremendous big bet,” he said. “And I really want to thank [CEO] Marcelo Claure from SoftBank for putting that $100 million bet… for companies that are created in our city, who are moving to our city.”