November 2019

 

 

11/04/19

 

Palm Beach County - Where Business and Pleasure Share the Same View

 
 
 

November
Newsletter

 
 
 
 

BDB Announces the Growth of Three Companies this Month

 

Business Development Board Assists Biotech Company and Brings 350 Jobs

READ MORE >

Amazon Opens New Delivery Station in West Palm Beach

READ MORE >

This New Company Will Help You Stop and Smell the Roses, Literally

READ MORE >

 
 
 
 

The EconDev Breakdown

 
 
 
 

Good News Travels Fast

  • Sun Sentinel:
    Boca Raton Biotech Company Has 100 New Jobs to Fill
    (Link)
  • South Florida Business Journal:
    Amazon Seeking Workers at New South Florida Facility
    (Link)
  • Miami Herald:
    New Amazon Facility in West Palm Has Hundreds of Job Openings
    (Link)
  • Sun Sentinel:
    Jobs Available at Amazon’s New Delivery Station in West Palm Beach
    (Link)
  • Palm Beach Post:
    Why Palm Beach Gardens Needs More Hotel Rooms
    (Link)
  • Fox29:
    Amazon Logistics Opens New Delivery Station Near West Palm Beach
    (Link)
  • South Florida Business Journal:
    Where Jobs are Being Created and Lost in South Florida
    (Link)
  • Palm Beach Live Work Play:
    BDB Gets Biotech to Boca +350 Jobs
    (Link)
  • Business Facilities Magazine:
    Life Sciences Accelerating in Palm Beach County
    (Link)
  • Palm Beach Live Work Play:
    BDB Wins Again for Palm Beach County
    (Link)
  • Lake Okeechobee News:
    Business Development Growing Jobs in Glades
    (Link)
 
 
 
 

Where Are They Now? Past BDB Projects On the Move

Hear both of them speak at the BDB Entrepreneur Luncheon on November 14, 2019.

SIGN UP >

 
 
 

INDUSTRY SPOTLIGHT: Life Sciences

Palm Beach County's life science sector is one of the fastest growing industries. Just within the past year, nearly 15 companies have decided to relocate to or expand in Palm Beach County, creating more than 500 high salary jobs. The industry shined bright this month:

Palm Beach County Life Sciences Wins Big at National Conference

READ MORE >

 

Life Sciences Featured in Business Facilities Magazine

READ MORE >

 

 
 
 
 

Behind-the-Scenes of Job Creation

The BDB supports local companies, education, workforce advancement, and opportunities to recruit new business to the area. From Chicago to Tampa, here's a behind-the-scenes look at what we've been up to this month, in addition to announcing nearly 400 jobs.

  • Attended the Regions Bank Community Roundtable - 10.1.19, Coconut Creek
  • South Florida TechGateway Steering Committee - 10.2.19, Fort Lauderdale
  • JFK Medical Center's Grand Opening on the Southwest Patient Tower - 10.2.19, Atlantis
  • SFMA's 59th Annual Meeting & Manufacturing Excellence Program - 10.3.19, Coral Springs
  • Connected Keiser University with a guest speaker - 10.3.19, West Palm Beach
  • Women in Economic Development Forum - 10.5.19, Chicago
  • PBSC Human Resource Business Council Meeting hosted at BDB - 10.10.19, West Palm Beach
  • BDB Raise Your Glass event at the Pelican Club - 10.10.19, Jupiter
  • Visit with past BDB project, Fluorotek, which has added 100 jobs - 10.11.19, Riviera Beach
  • International Economic Development Conference - 10.14.19, Indianapolis
  • Guest speaker at Realtors Association's Global Business Summit - 10.17.19, Wellington
  • Attended a job fair in collaboration with CareerSource PBC - 10.17.19, Boynton Beach
  • Attended BioFlorida conference - 10.21.19, Tampa
  • Hosted the Jim Moran Family Institute for Global Entrepreneurship - 10.24.19, West Palm Beach
  • Attended the Achieve PBC Operations Team meeting - 10.24.19, West Palm Beach
  • Guest Speaker at the Future of Florida Forum - 10.28.19, Orlando
  • Attended the Dawson James Medical Device Conference - 10.29.19, Jupiter
  • Hosted a Cyber Crime Workshop in the BDB boardroom - 10.29.19, West Palm Beach
  • Attended the South Florida Marine Research Hub - 10.31.19, Fort Lauderdale
 
 
 
 

Industrial and Commercial Real Estate

CBRE Palm Beach County Industrial Marketview:

  • Total vacancy for the Palm Beach industrial market was 2.2% and has remained below 4% for 16 consecutive quarters.
  • Private buyers represent 82.7% of total buyer composition as of Q3 2019.
  • Palm Beach County’s unemployment rate decreased 10 bps year-over-year to 3.7% since August 2018. 
  • The Palm Beach industrial market currently has three buildings under construction and an industrial park composed of nine single user buildings. The total inventory under construction is 537,604 sq. ft.

CBRE Palm Beach County Office Marketview:

  • 2019 year-to-date investment sales have totaled $486 million across 25 transactions.
  • Tricera Capital has plans of a re-development of the Palm Beach Post campus located in West Palm Beach which will consist of 140,000 sq. ft. office, and 125,000 sq. ft. retail space.
  • Q3 2019 vacancy continues to drop sitting at 12.2%, a 100 basis point improvement year-over-year.
  • The overall average asking rate for Q3 2019 was $23.92, a 10% increase year-over-year.

VIEW THE FULL CBRE REPORTS HERE >

 
 
 
 

Events to Put on Your Radar

Nov. 14, 2019 - BDB Entrepreneur Luncheon >

Nov. 14, 2019 - Economic Development in the Glades Event >

February 11, 2020 - Claim Your Future Showcase >

December 2 - 4, 2019 - BDB is helping Florida TaxWatch promote their 40th Annual Meeting at the Breakers. Sign up here >

 
 
 

Economic Development Board Announces New Board Leaders

 

The BDB announced its 2019-2020 Board of Directors, a group of notable leaders positioning Palm Beach County as the top business location. More than 10 of these leaders recently topped Florida Trend’s annual issue, “Florida 500”, a list comprised of the most influential business leaders in the state of Florida.

READ MORE >

 
 
 
 

More News and Rankings

SPECIAL OFFER FOR BDB MEMBERS:

CONTACT : Amitchell@cruisebp.com

 

 

BDB MICROSITE NEWS:

LIFE SCIENCES NEWS >

EDUCATION NEWS >

ENTREPRENEURSHIP NEWS >

GLADES REGION NEWS >

 
 
 
 

Photo Albums:

 
 
BDB Entrepreneur Lunch, Kravis Center 11.14.19
Glades Economic Development Forum, PBSC Belle Glade Campus 11.14.19
BDB Commercial and Industrial Real Estate Round Table, PB Post 11.9.19
 
 
 
 

Plan Ahead:
Upcoming Events

 
 
 
Dec
5
 
  BDB Holiday Open House
 
 
Dec
17
 
  BDB Hosts Engaging Millennials Workshop
 
 
Jan
8
 
  BDB Coffee Talk
 
 
 
 
 

Investors:

 

         

Chairman's Council

 

           

                         

Investor Partners

 


Labor & Unemployment Statistics:

Palm Beach County's September unemployment rate of 3.2% is down from the August rate of 3.7% reflecting a net gain of 3,984 jobs. Read On

 

 

Business Development Board of Palm Beach County
310 Evernia St.,
West Palm Beach, FL 33401
www.BDB.org
Sponsorship Opportunities

 
 

 
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Investors

#1 Palm Beach County Board of County Commissioners Aerojet Rocketdyne Bank of America Bank United Baptist Health South Florida
Caler, Donten, Levine, Cohen, Porter & Veil, P.A. CareerSource Carrier DePuy Synthes Power Tools, a Johnson & Johnson Company Equestrian Center
Florida Crystals Corporation FPL Greenberg Traurig Gunster Hardrives, Inc.
HCA Palm Beach Hospitals Hedrick Brothers Construction Hospital for Special Surgery J.C. White JP Morgan Chase
LRP Publications Martens Group Minto Communities, LLC NCCI Nova Southeastern University
Palm Beach Aggregates, LLC Palm Beach Park of Commerce PNC Bank Pratt & Whitney (A United Technologies Company) Raymond James Financial Services/Boynton Financial Group, Inc.
RSM South Florida Business & Wealth Magazine South Florida Business Journal Stiles-Nicholson Foundation TD Bank
Tortoise Properties Wells Fargo & Company Wexford Capital