SoftBank to Invest $100 Million in Miami Area Companies
Photographer: Chandan Khanna/AFP/Getty Images
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SoftBank Group Corp. committed $100 million in funding for companies in the Miami area, bolstering a beach-side metropolis that has been aggressively courting the technology industry in recent months.
The money will go toward businesses based in Miami or ones that are relocating to the region, said Marcelo Claure, the Miami-based chief operating officer at SoftBank. Claure introduced the pledge in an online video Thursday alongside Miami Mayor Francis Suarez. “People want to move here because they have the choice, and the next thing they need is capital,” Claure said.