Brazilian firms are targeting the South Florida regions to operate their businesses, as they look for opportunities that they wouldn't get in their own country.
According to a report from the state's commerce organization, SelectFlorida, Brazil ranks as Florida's second-biggest Latin America investor. Also, more than 100 Brazilian firms operate 115 locations in The Sunshine State.
Stephan de Sabrit, managing partner of Leste Group, has taken note of this trend first-hand. While the firm is not based out of Brazil, de Sabrit along with founding partner Emmanuel Hermann were both born in the country.
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