October 2019

 

 

10/03/19

 

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

 
 
 
 

October
Newsletter

 
 
 
 

BDB Attracts $220 Million and Thousands of Jobs to Palm Beach County

 

The Business Development Board of Palm Beach County (BDB) completed its fiscal year with the growth of 34 companies that have either relocated to or expanded in Palm Beach County. Within the past year, 2,725 high salary jobs were announced for Palm Beach County residents, creating a capital investment of more than $220 million through the BDB’s collaborative economic development efforts.

READ FULL PRESS RELEASE >

 
 
 
 

Your Return on Investment at the BDB

VIEW THE BDB'S ANNUAL REPORT

A YEAR IN REVIEW: Press Releases of Companies that Have Relocated or Expanded During the BDB's 2018-2019 Fiscal Year

 
 
 
 

From Sugar to Rocket Engines, This Is What's Made in Palm Beach County

 

What do Rocket Engines, Arcade Games, Sugar, Biofuel, and Microalgae have in common? They're all made in Palm Beach County. In honor of Governor DeSantis declaring October as “Manufacturing Month” for the state of Florida, the BDB is proud to showcase this diverse industry sector. In fact, there are over 20,900 manufacturing jobs in Palm Beach County with average earnings of $76,179.

READ MORE >

 
 
 
 

Where Are They Now? Past BDB Projects On the Move

 

Life's Abundance made the Forbes list of "The Best Small Companies of 2019." The BDB assisted this company back in 2011 with relocating to Jupiter. According to Forbes, Life’s Abundance has 51 employees, $38 million in revenue, and has been making and selling healthy pet food since 1999. It’s never had a product recalled, a record that makes CEO Lester Thornhill proud.

Just a couple of months ago, the BDB announced the expansion of Fluorotek USA  at a press conference hosted at their new manufacturing facility in Riviera Beach. Last week, the BDB visited the facility and we're happy to report that the company is thriving with 100 employees.

 
 
 

Three Events that Facilitated Economic Development Success

 

1. BDB Economic Development Luncheon - September 26

Nearly 300 of Palm Beach County's top leaders convened to hear about new developments in the City of Boca Raton, City of West Palm Beach, and City of Palm Beach Gardens. In total, BILLIONS of dollars in new developments are in the pipeline. Thank you to Bank of America for sponsoring this event, as well as Gunster for moderating. 

2. BDB Commerical & Industrial Real Estate Roundtable - September 18

BDB members discussed the trends that have been happening in 2019 within the commercial and industrial real estate market.  The event included a panel presentation with Aurum Property Partners, NAI Merin Hunter Codman, Inc., Cushman & Wakefield, and Stiles Commerical Group. Thank you to the sponsor, CenterState Bank.


3. BDB Economic Development Stakeholders - September 17

The BDB brought together stakeholders from different industries, as well as local cities in Palm Beach County, for the quarterly Economic Development Stakeholders meeting. The City of Boynton Beach, City of Palm Beach Gardens, and City of West Palm Beach shared new strategies and opportunities available. 

 
 
 
 

Business is Booming in Palm Beach County, According to Statewide Magazine

 

Business activity in Palm Beach County was prominent in the October issue of Florida Trend, including the surge of financial firms flocking the county, as well as recent companies that have relocated to and expanded in Palm Beach County through the Business Development Board's economic development efforts. There were also more than 80 companies that invest in the BDB's economic development efforts highlighted throughout the magazine.

READ MORE >

 
 
 
 

Helpful Facts and Figures for Business

 

SEE FULL REPORT >

 
 
 
 

New Study Reveals Scripps Research Has Produced $3 Billion Worth of Economic Impact Since 2004

 

The launch of the Florida campus of Scripps Research has produced an economic impact of $3 billion since the nonprofit biomedical institute opened an East Coast branch 15 years ago.

READ MORE >

 
 
 

"Ultimate" and "Influential" Describe Palm Beach County's Leaders This Month

 

65 Leaders from the Palm Beaches Top Florida's Most Influential List

More than 30 of these leaders are BDB members, investing in economic development to bring new companies to the area and foster the growth of local companies. In fact, just within the past five years, their investments have helped the BDB assist companies that have created more than 12,822 direct jobs with average salaries greater than $69,062, resulting in more than $777 million in capital investment to Palm Beach County and an economic impact that exceeds $6.87 billion.

READ MORE >

 

South Florida Business Journal Ultimate CEO Awards

Thank you to South Florida Business Journal for recognizing all of the great leaders throughout Palm Beach, Broward, and Miami-Dade counties who make the entire South Florida region a dynamic place for business. The BDB staff is also grateful to have the BDB's CEO as one of the 2019 Ultimate CEO recipients, as well. To learn more, click here.

 
 
 
 
 

More News and Rankings

 

EDUCATION RANKINGS

Florida Atlantic University:
FAU Ranked by U.S. News & World Report as Top Public School

Read More >

Palm Beach Atlantic University:
U.S. News Ranks Palm Beach Atlantic University Among Best in Nation

Read More >

Lynn University:
U.S. News & World Report Ranks Lynn University Among "Best Colleges" for 2020

Read More >

School District of Palm Beach County:
PBCSD Leads State's Large Urban Districts of Excellence
Read More >

PALM BEACH COUNTY IN THE HEADLINES

Naples Daily News:
Colliers Gains Development, Housing Insight From First-Ever Intercity Visit to Palm Beach County
Read More >

Sunshine State News:
More Corporate Relocation Inquiries Land in Palm Beach County
Read More >

South Florida Business Journal:
Tech Firm Considering Site in Boca Raton for National Headquarters
Read More >

Florida Atlantic University:
FAU Launches First Master of Science Degree in AI

Read More >

Florida Trend:
Palm Beach County Benefits from 2017 Federal Tax Cut
Read More >

Palm Beach Post:
Downtown Dealing: Expansion, Investment Fuel Big Money in Old but Well-Located WPB Buildings
Read More >

 

BDB MICROSITE NEWS:

LIFE SCIENCES NEWS >

EDUCATION NEWS >

ENTREPRENEURSHIP NEWS >

GLADES REGION NEWS >

 
 
 
 

NEW INVESTORS:

 
 

Corporate

President's

 
 
 
 

PHOTO ALBUMS:

 
 
BDB Raise Your Glass Pelican Club, 10.10.19
BDB 4th Quarter Luncheon, Kravis Center 9.26.19
BDB Gala, The Breakers 9.7.19 - Capehart Photography
 
 
 
 

PLAN AHEAD:
Upcoming Events

 
 
 
NOV
6
 
  BDB Coffee Talk
 
 
NOV
14
 
  BDB Entrepreneur Luncheon
 
 
JAN
8
 
  BDB Coffee Talk
 
 
 
 
 

Investors:

 

         

Chairman's Council

 

           

                         

Investor Partners

 


Labor & Unemployment Statistics:

Palm Beach County's August unemployment rate of 3.7% is up from the July rate of 3.6% reflecting a slight net loss of 979 jobs. Read On

 

 

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

 
 

 
To be removed from this mailing list, please click here.

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 Centennial Bank 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