The Business Development Board of Palm Beach County, in cooperation with the City of Boca Raton, Palm Beach County, and the State of Florida, worked together to help facilitate the expansion of ORBCOMM Inc, a global provider of Machine-to-Machine solutions, connecting businesses to their remote and mobile assets to foster increased visibility and operational efficiency.
ORBCOMM will create over 30 new jobs with average salaries exceeding $76,000 at its new 11,500 sq. ft. office slated to open in Boca Raton before Labor Day. The expansion will create a capital investment of $580,000 into the Palm Beach County economy.
The company plans to transform its current office into its Regional Headquarters.
ORBCOMM is a global leader and innovator in the industrial Internet of Things supporting the transformation of industry through digitization and automation, an asset that will align with all of the innovation taking place in Boca Raton.
The Business Development Board, under the leadership of its president & CEO, Kelly Smallridge, assisted in this company expansion by connecting it with multiple incentive programs through the State of Florida, Palm Beach County, and the City of Boca Raton. Smallridge was able to offer an incentive package totaling $192,000. Smallridge also provided workforce data and insight of Palm Beach County’s labor force in the information technology sector.
Marc J Eisenberg, ORBCOMM’s Chief Executive Officer, noted, “We look forward to attracting talented, highly skilled employees throughout the region to join our world-class team of employees and support the continued growth of our business.”
“Establishing a new regional headquarters in Boca Raton will give the company even more access to their diverse customer base in industries such as transportation, supply chain, warehousing and inventory, heavy equipment, maritime, natural resources, and government,” said Smallridge. “Palm Beach County is an ideal location for them and we’re happy to have them located here.”
Scott Singer, Mayor of Boca Raton, added,“ORBCOMM’s expansion is a great addition to the Boca Raton community and we’re excited to see the growth of the company for years to come.”
About ORBCOMM: ORBCOMM (Nasdaq: ORBC) is a global leader and innovator in the industrial Internet of Things (IoT), providing solutions that connect businesses to their assets to deliver increased visibility and operational efficiency. The company offers a broad set of asset monitoring and control solutions, including seamless satellite and cellular connectivity, unique hardware and powerful applications, all backed by end-to-end customer support, from installation to deployment to customer care.
About the Business Development Board of Palm Beach County: The BDB is the official public/private economic development organization for Palm Beach County and Enterprise Florida. Its primary purpose is to attract and retain new industry, business investment, high quality jobs and workforce development through corporate relocations, expansions and international trade. Additional information can be found at the BDB’s web site, www.BDB.org.
The Boca Raton Tribune
By: Robert S Weinroth