The desire for cheaper expenses and to avoid costly local laws drives business relocations.

Miami Mayor Francis Suarez has been fielding numerous inquiries from top executives in the tech world who reached out in recent weeks — from Tesla CEO Elon Musk to Twitter CEO Jack Dorsey. He has also reportedly met with former Google CEO Eric Schmidt and the chairman of Palantir, Peter Thiel, among others.

Alphabet Inc is shutting down Loon after concluding the business, which offers balloons as an alternative to cell towers, is not commercially viable, Google’s parent company said on Thursday.
 

Founded in 2011, Loon aimed to bring connectivity to areas of the world where building cell towers is too expensive or treacherous using balloons the length of tennis courts and solar-powered networking gear.