South Florida, The Nation's Next Tech Hot Spot?

In this Thursday, April 10, 2014 photo, Stonly Baptiste, left, and Michelle Dow share a glass of wine as they work on their computers at The LAB Miami, a new tech focused collaborative space in the Wynwood Arts District in Miami. Famed for its beaches, cruises and cafecitos, South Florida is now angling to become one of the nations next tech hot spots by leveraging its role as the gateway to Latin America and luring northern entrepreneurs with cheap living costs and lots of sun. (AP Photo/Wilfredo Lee)

This Thursday, April 10, 2014 photo shows a skateboard rack, left, near the entrance of a new tech-focused collaborative space called The LAB Miami, in the Wynwood Arts District of Miami. Famed for its beaches, cruises and cafecitos, South Florida is now angling to become one of the nations next tech hot spots by leveraging its role as the gateway to Latin America and luring northern entrepreneurs with cheap living costs and lots of sun. (AP Photo/Wilfredo Lee)

This Friday, May 2, 2014 photo shows the entrepreneurial institute Venture Hive in downtown Miami. Microsoft announced it is opening a state-of-the-art training facility at Ventura Hive, its first within the United States. Microsoft Vice President Sanket Akerkar told The Associated Press the company looked at Miami as a great hub for tech in the Southern United States.Miami is a great destination in and of itself, he said. The Latin American connection also sets the city apart. (AP Photo/Alan Diaz)

This Thursday, April 10, 2014 photo shows place holders for member startup companies at a new tech focused collaborative space called The LAB Miami, in the Wynwood Arts District of Miami. Entrepreneurs are betting on rapid growth across Latin America to draw in both startups and investors, as well as Miamis frontier mentality when it comes to business and reinvention. (AP Photo/Wilfredo Lee)

This May 2, 2014 photo shows men playing dominoes on Calle Ocho (Eighth Street) in Miami's Little Havana. Once a refuge for Cuban exiles rekindling the tastes and sounds a lost home, today Miamis Little Havana is a mosaic of cultures and a popular tourist destination. (AP Photo/J Pat Carter)

In this Thursday, April 10, 2014 photo, Nelson Milian, left, Carrie Monescalchi, center, and Mai Sari chat as they work on their computers at The LAB Miami, a new tech focused collaborative space in the Wynwood Arts District in Miami. Famed for its beaches, cruises and cafecitos, South Florida is now angling to become one of the nations next tech hot spots by leveraging its role as the gateway to Latin America and luring northern entrepreneurs with cheap living costs and lots of sun. (AP Photo/Wilfredo Lee)

In this Thursday, April 10, 2014 photo, Wifredo Fernandez, left, and Daniel Lafuente, co-founders of a new tech focused collaborative space called The LAB Miami, pose for a photo at The LAB Miami in the Wynwood Arts District of Miami. Entrepreneurs such as Lafuente and Fernandez are betting on rapid growth across Latin America to draw in both startups and investors, as well as Miamis frontier mentality when it comes to business and reinvention. (AP Photo/Wilfredo Lee)

In this Thursday, April 10, 2014 photo, the sun sets behind The LAB Miami, a new tech focused collaborative space in the Wynwood Arts District in Miami. Famed for its beaches, cruises and cafecitos, South Florida is now angling to become one of the nations next tech hot spots by leveraging its role as the gateway to Latin America and luring northern entrepreneurs with cheap living costs and lots of sun. (AP Photo/Wilfredo Lee)

In this Thursday, April 10, 2014 photo, members work at The LAB Miami, a new tech focused collaborative space in the Wynwood Arts District of Miami. Famed for its beaches, cruises and cafecitos, South Florida is now angling to become one of the nations next tech hot spots by leveraging its role as the gateway to Latin America and luring northern entrepreneurs with cheap living costs and lots of sun. (AP Photo/Wilfredo Lee)

In this Thursday, April 10, 2014 photo, Elisabeth Deogracias, corporate development manager with Venture For America, right, and Mike Tarullo, vice president of corporate development, talk during a presentation at The LAB Miami in the Wynwood Arts District in Miami. Venture For America pairs college seniors and recent graduates with startup companies for a two-year fellowship. Famed for its beaches, cruises and cafecitos, South Florida is now angling to become one of the nations next tech hot spots by leveraging its role as the gateway to Latin America and luring northern entrepreneurs with cheap living costs and lots of sun. (AP Photo/Wilfredo Lee)