Billionaire-funded “Ambition Accelerated” initiative positions Gold Coast as unified business capital while corporate relocations accelerate

Ken Griffin and Stephen Ross each contributed $5 million to launch “Ambition Accelerated,” a national campaign targeting CEOs and founders in high-cost cities with messaging positioning South Florida’s Gold Coast as a unified economic corridor. The initiative, which debuted at the WSJ Invest Live conference in West Palm Beach on February 2, represents a strategic shift from market-by-market competition to coordinated regional positioning.

Larry Mastropieri, CEO of The Mastropieri Group, says the Griffin-Ross initiative 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 explains.

The campaign goes beyond traditional advertising to include concierge services connecting relocating executives with workforce data, office inventory, school timelines, and neighborhood guidance – the practical infrastructure details that determine whether relocation discussions convert to actual moves.

The timing aligns with measurable corporate migration patterns. Over the past five years, 140-plus companies relocated to Palm Beach County, creating 13,110 jobs and $1.12 billion in capital investment. 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. CP Group, which owns the campus, has invested $100 million in renovations and plans for 1,200 residences, a hotel, and a 5,000-seat concert venue.

“This isn’t just about one quantum computing company – it’s about infrastructure, talent pipelines, and the kind of ecosystem that keeps companies anchored long-term,” Mastropieri notes.

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 campaign recognizes that South Florida’s next growth phase requires positioning the entire corridor as competitive alternative to traditional business capitals,” Mastropieri explains. “It’s not just about individual cities competing for projects – it’s about presenting a regional value proposition that makes the relocation decision easier for executives evaluating multiple markets.”

The coordinated approach addresses a historical challenge: South Florida markets have often competed against each other rather than collectively positioning against New York, Chicago, and California. Miami, Fort Lauderdale, West Palm Beach, and Boca Raton each offer distinct advantages, but fragmented messaging can create confusion for executives unfamiliar with regional geography and market characteristics.

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 from Griffin and Ross 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 for companies evaluating similar moves.

Larry Mastropieri leads The Mastropieri Group, specializing in South Florida luxury real estate with over 5,000 completed transactions. Visit discoversouthflorida.com for market insights.

Disclosure: Individuals or companies mentioned may have a commercial relationship with KeyCrew.

This contant was orignally distributed by Keycrew.co. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Larry Mastropieri: Griffin-Ross $10M Campaign Signals South Florida’s Coordinated Growth Strategy.