April 2012

 Forward to a Friend

 

UPCOMING EVENTS | PHOTO GALLERY | SPONSORSHIPS

INVESTOR MONTHLY - April 2012

Profile Magazine

The Business Development Board of Palm Beach County (BDB) recently unveiled the 2012 issue of Profile at a launch party in downtown West Palm Beach.

The award-winning magazine is the premier print marketing piece promoting Palm Beach County’s competitive business environment. It answers the question, “Why relocate or expand your company to Palm Beach County?”

This year’s magazine features several of our leading corporate citizens – companies that have selected Palm Beach County for their home. Profile also showcases all BDB members in it's directory.
 
Please feel free to contact our office if you need additional copies.
 

BDB Celebrates 30 Years of Service

Thirty years ago, the BDB was established by the Economic Council with the support of seven chambers of commerce.  Founded as a not-for-profit, membership-based corporation in the spring of 1982, the goal was the same then as it is today – to stimulate economic energy, promote business diversity and enrich the vitality of Palm Beach County through the relocation, retention and expansion of companies to our area.

With 30 years of services, the BDB has had a major impact on the growth of Palm Beach County’s economy.  Through its efforts, the BDB has created tens of thousands of new jobs and filled millions of square feet of building space, with an economic impact to the county in the billions.

Please save the date for our Annual Gala September 8, 2012 at The Breakers.


Export sales mission to Trinidad and Tobago

The BDB, in partnership with Palm Beach County Board of Commissioners and Enterprise Florida, is continuing to focus its efforts on international trade and business development.

Lt. Governor Jennifer Carroll will lead this export sales mission for Florida companies to the two island nation of the Republic of Trinidad and Tobago. Known as the largest and strongest economy in the Caribbean, Trinidad and Tobago has one of the highest growth rates and per capita incomes in the region which positions the country as a hub for U.S. business activities. Ranked as one of Florida’s top export destinations, exports to the country have continued to increase over the years.

The mission is from August 5-8, 2012 and deadline to register is June 15, 2012. Click Here for more information and to register.


BDB facilitated 14 projects in less than 7 months

For a total of 1060 new jobs and a capital investment of more than $95 million, the BDB has successfully helped local companies expand and new companies to relocate to Palm Beach County.
 

Company Name

New/Retained
Jobs 

Location

Capital Investment

Convergent

115                    

Boca Raton

N/A

America's Natural Caffeine

75

Riviera Beach

$25,000,000

Image Skincare

70

Lantana

$4,500,000

Signet Diagnostic Corporation

44

Riviera Beach

$400,000

Lockheed Martin Corporation

50

Riviera Beach

$9,600,000

MobileHelp

100

Boca Raton

N/A

ALDI, Inc.

100

Royal Palm Beach

$50,000,000

Radical Cosmetics, LLC

40

Lake Worth

$800,000

Smart for Life

75

Riviera Beach

$3,000,000

Modernizing Medicine, Inc.

100

Boca Raton

N/A

Locus Traxx

160

Jupiter

$300,000

PC Professor

20

West Palm Beach

N/A
Liquid Cargo, Inc. 20 Riviera Beach N/A

Total

1,060

 

$95,545,000


Florida East Coast Industries, Inc. Announces Plans for Private Passenger Rail Service in Florida

Florida East Coast Industries, Inc. (FECI), the owner of Florida’s premier passenger rail corridor, is developing a privately owned, operated and maintained passenger rail service to connect South Florida and Orlando, which will be operational in 2014. By connecting the most visited city in the United States with South Florida’s business and vacation destinations, the passenger rail project, called All Aboard Florida, is designed to serve Florida’s growing number of business travelers, as well as families and tourists traveling for pleasure. Read More


New summer internship listing service matches employers with college students, recent graduates

Workforce Alliance is launching a new, online service to match college students and recent university graduates with Palm Beach County employers in need of sharp candidates for summer internships.  The listing service, called Summer University Career Connection Employment ServiceS (SUCCESS), is free and can be accessed from the Workforce Alliance website at www.pbcalliance.com.  Employers can input their summer internship openings directly into the listing service now using an online form. Students and recent college graduates will be able to apply for summer internship opportunities directly to employers through the online service. Read More

The Role of General Aviation in Economic and Social Development for Palm Beach County

Date: June 13, 2012
Location:
Four Seasons Resort

2800 South Ocean Blvd.
Palm Beach, FL
33480

General Aviation’s economic and social impact in Palm Beach County with one commercial airport, 3 general aviation airports and nine heliports is significant. You are invited to join general aviation industry leaders for breakfast and a presentation:
 
Beyond the Runway – Why General Aviation Means Business

The presentation is designed to inform you about the positive and significant ways general aviation affects your life (personal, family and business) on a daily basis. Local general aviation and agency leaders will be there to tell you how their businesses and agencies serve the community. In addition, our members will be on hand to answer any aviation questions you might have. It will be informative and entertaining.
 
Come out for a great Four Seasons breakfast and enjoy the company of general aviation industry leaders from across the state of Florida. There is no charge, but please RSVP by June 8 to confirm your attendance. You can contact Paula Raeburn, 321-383-9662, send an e-mail paula@fata.aero or visit their website.

City of Boynton Beach Incentives

The City of Boynton Beach is offering two incentive programs:The Commercial Interior Build-Out Assistance Program and The Commercial Rent Subsidiary Program.

The Commercial Rent Subsidy Program is designed to help facilitate the establishment of new businesses and aide in the expansion of existing businesses within the City who are not located in the Community Redevelopment Area. The program is designed to provide financial assistance to new and existing businesses in the form of a rent subsidy intended to help businesses during the critical first year of operation.

The Commercial Interior Build-Out Assistance Program is designed to help facilitate the establishment of new businesses and aide in the expansion of existing businesses within the City who are not located in the Community Redevelopment Area. The program is designed to provide financial assistance to new and existing businesses in the form of a subsidy intended to reduce a business’s initial costs associated with the construction and interior finishing of a new or expanding location.

Applicants may be eligible for up to $10,000 in grant funding to assist with the cost of commercial interior construction or renovations. The amount of grant funding is determined by the number of jobs created by the applicant. Each full-time equivalent job created is worth $5,000 in funding assistance from the City with a maximum grant award of $10,000.

Businesses applying for financial assistance with the cost of interior build out must receive City of Boynton Beach Development Department Building Division building permit approval. For more information, contact the City of Boynton Beach at 561.742.6000.


BDB Annual Golf Tournament

Our Annual Golf Tournament is right around the corner.
Register Today

PGA National Resort and Spa
Friday, May 4, 2012
7:30am Registration and Continental Breakfast
8:00am Shotgun Start
1:00pm Lunch and Awards Ceremony


International Trade and Business Leads


Each month our State Partner, Enterprise Florida, provides international trade leads obtained from its International Offices located in 14 overseas markets to distribute to existing Florida businesses. 

   To view a SUMMARY of the March trade leads, please click here.
To view the DETAILED REPORTS, please click here.


Labor and Unemployment in Palm Beach County - March 2012

Palm Beach County's December unemployment rate of 8.8% is down from the February rate of 9.2% reflecting a net gain of 2,719 jobs.  Continued employment growth for Palm Beach County is indicated by the 0.6 percentage increase in the number of total non-agricultural jobs during the last twelve months.  This represents a net gain of 3,300 jobs.  Administrative and Waste Services had the highest over-the-year growth rate of 6.4% and a total of 2,600 jobs added. Leisure and Hospitality had the highest over-the-year rate of decline of -4.8% with a net loss of 3,500 jobs.  Read more>>>

March 2012 Labor/Unemployment Figures

Metro Division
All counties in the region had a loss in
over-the-year employment

Over-the-year
Change in Total
Nonagricultural Employment

Miami-Miami Beach-Kendall Metro MDWest 

 23,400 jobs (2.3%)

Palm-Boca Raton-Boynton Beach MD
(PB County, part of Miami-Ft. Lauderdale-Pompano Beach MSA)

5,500 jobs (0.8%)

Ft. Lauderdale-Pompano Beach-Deerfield Beach MD

3,300 jobs (0.6%)

2011-2012
INVESTOR PARTNERS














 

PRINTABLE
INVESTOR PACKETS













RED ENVELOPE
2011-2012 Partnerships

Patti Hamilton
of SWS referred
Becker & Poliakoff, P.A.

Patti Leonaggeo
of Aflac referred
Ultimate Incentives & Travel

Bill Berger
of Greenspoon Marder referred Turner Construction

Arthur Bernstein
of Richard S. Bernstein & Associates referred
AdvisorLaw PLLC

Tom Andres
of Fuoco Group referred
Business Planning Advisors, Inc.

 

JOIN RED ENVELOPE

Sponsored By:

 

NETWORK
MANAGED BY:



PARTNERSHIP
WITH:

 

Business Development Board of Palm Beach County | 310 Evernia St., West Palm Beach, FL 33401 | 561.835.1008    
2011 All rights reserved.

Partners | Privacy Policy

Powered by Accrinet