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Cathie Wood is relocating her investment firm Ark Invest from New York to St. Petersburg, Florida, where the lure of a lower tax burden has invited many financial firms to set up shops. What Happened: Ark Invest would permanently close its New York office on Oct. 31 and relocate to Florida where it would also open an innovation center aimed at retaining and attracting top talent by supporting entrepreneurs and tech startups in the Tampa Bay region, the firm said on Wednesday.
...read full article on Benzinga
