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Miami Agency Luring Businesses out of Higher-Priced Cities Like Chicago

July 20, 2019 - 9:00am
Downtown Miami

A carpetbagging development agency from Florida is lobbying Illinois businesses to move to the Miami area, using Illinois' proposed progressive income tax structure as a conversation piece.

Christina Crespi with the Miami Downtown Development Authority said her trip to Illinois in late June included talks with a number of financial firms in the state interested in a major city with lower taxes in a state with no income tax.

“A house here versus a house in Chicago would be double in income taxes,” she said.

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