PUNTA GORDA, Fla.—Another international business has chosen to make Florida their business hub and plans to move its headquarters from New York to Miami giving the state more tax revenue as well as boosting tourism travel to the state.
Israel’s national carrier El Al Airlines announced on June 12 that it plans to make the move to a more “business-friendly climate.”
It has been headquartered in New York for decades. The move will save the company approximately $500,000 per year.
The board of directors, the company’s auditing committee, and (Israel’s) Ministry of Finance approved the decision as part of “the streamlining required for government assistance due to the COVID crisis,” the airline’s statement read….