Payment processing firm Stripe has named the city of Miami the fastest growing startup business hub in the United States when comparing numbers from 2017 until 2022, according to a new release from the company.
Per the report – “Miami’s growth has indeed been quite striking in our data: detected breakout companies are up by 89% in 2021/2022 as compared to 2016/2017″, and now Miami ranks higher than cities such as Austin, Texas.
New York, Los Angeles, and the Bay Area are the only United States cities to outrank Miami as a startup hub, according to the report, and while the ranking is to be celebrated is highlights the evolving business culture in South Florida, particularly in tech where companies are utilizing Miami SEO to build winning strategies.
Globally, the only city that grew faster than Miami over the past five years was Tokyo.
