| April, May, June 2022 |
“If you look at history, innovation doesn’t come just from giving people incentives; it comes from creating environments where their ideas can connect.“
Steven Johnson, Science author & media theorist

Technological innovation is a major force in economic growth and the City of Boca Raton recognizes the importance of fostering and supporting this important initiative.

We are pleased to announce that Maria Hernandez has joined our team as the City's Innovation Strategist.

Maria brings her experience and knowledge of Boca's tech community, and we're excited for the future of our ecosystem.
Boca's EndeavorLAB partnership has launched!

The official cohort kick-off was held at the Waterstone Resort & Marina. We are excited (and impressed) by the 7 companies selected to participate.
EndeavorLAB Boca Raton Cohort
Companies:
Companies will take park in group training, one-on-one mentorship sessions and will pitch to a panel of judges/investors on demo day. Along the way they will have access to valuable information and resources to set them up for success after completion of the program.

We loved sitting down with Mayor Singer, Claudia Duran from Endeavor Miami and Tim Sperry from Carbon Limit to discuss our new partnership with EndeavorLAB.

This livestream event encouraged interested businesses focused on innovation and technology to apply for acceptance to this valuable program.
International Investor Tour
So great to be part of this investor event. It was an incredible opportunity to showcase our beautiful city!
A joint venture between Investidores.vc and Oxford Group brought 15 Brazilian investors to Miami and Boca Raton to learn about prospective investment opportunities here in South Florida.

If you're a member of a local business group or organization and would like an update on the city's economic development efforts, contact us at EconomicDevelopment@myboca.us
MHG Hotels is scouting sites for office space to relocate its headquarters to Boca Raton. VP of MHG Hotels, Neal Patel stated they want to move the HQ to focus more on development in South Florida.

Gladstone Wealth Partners to move its headquarters from New Jersey to Boca Raton.

Gallaghers Steakhouse from NYC is expected to open in Boca Raton, early 2023.

Tucci's Fire N Coal Pizza will have a second East Boca location at 341 E Yamato Rd.

New HQ in Boca Raton
Mill Creek Residential was named Property Management Firm of the Year at the 2021 National Association of Home Builders (NAHB) Multifamily Pillars of the Industry Awards.

Mill Creek Residential relocated its global headquarters to Boca Raton during the pandemic and brought 80 employees to our business savvy city.

Welcome to paradise, Mill Creek Residential!
Private Equity Firms in Boca
Two of the ten key private equity firms in South Florida are based in Boca Raton.

South Florida’s private equity firms are the topic of discussion in Mergers and Acquisitions magazine.
New World Angels is a collaboration of Florida business leaders who provide funding, knowledge, and guidance to Florida entrepreneurs. New World welcomes investors with a desire to profitably collaborate in advancing the next generation of innovation and innovators. They are excited by, and motivated to uncover, innovators in every community and culture.

"Entrepreneurs make this world a better place."
South Florida's
Publicly Traded Companies
in Dade, Broward and Palm Beach County are based in
Boca Raton.

Palm Beach County is home to 15 of them.
8 in Boca Raton
3 in West Palm Beach
2 in Palm Beach Gardens
1 in Delray Beach
1 in Juno Beach
Terran Orbital rang the bell on the New York Stock Exchange followed by a sit down on Squawk Box.
Celsius Holdings, Inc. rang the bell on the Nasdaq. Since its listing in 2017, shares have increased by 1,400%.
We love Colliers South Florida's quarterly reports!

Two of the five largest office lease deals in Palm Beach County for Q1/2022 took place in Boca Raton, including the largest lease at 120,000 sq. ft.


For a relatively small city, with under 100,000 residents and 12 million square feet of office space, spanning 29 square miles, the level of commercial activity taking place in Boca Raton is impressive. 
Autonomous Vehicles in Boca Raton!
We recently experienced our first ride in an autonomous vehicle. It's absolutely amazing how much technology takes place in our beautiful city. Guident has great plans for the future and intends to bring those to life at the Boca Raton Innovation Campus.

During COVID, Automed expanded their medical technology company from Iowa to Boca Raton.

We recently toured their new facility and were blown away by the technology and innovation being utilized in our city.
Technology
for the deaf and hard of hearing
Imanyco, one of FAUs’ Tech Runway Venture Class 8 companies, has developed a technology solution for people with hearing disabilities. It uses audio processing and voice recognition technology to break down group discussions into text bubbles in real-time, color-coded by speaker, and delivers them to virtually any device. The result is that people with hearing loss can more easily follow, and contribute their thoughts to, multi-person conversations in easier ways than ever before.

Imanyco was co-founded by Saida Florexil who is deaf and has turned her disability into a startup business. As a first-time entrepreneur, it has taken a village to launch her startup, and she credits the early support of accelerators such as FAU Tech Runway, who provided mentoring, training, resources and access to local experts who helped her move beyond the idea stage. Imanyco was recently accepted to be one of AWS's 25 chosen startups as part of the first cohort of the AWS Impact Accelerator.

Just Announced: Imanyco has been selected to join the inaugural AWS Accelerator for black founders. They are the only company in Florida to receive this invitation.
Boca Code Graduates 19 students, preparing them for careers in the tech industry.

Boca Code offers adults comprehensive training in software development using real projects for real companies.

61 students have attended Boca Code with 96.7% finding jobs within the first 90 days post-graduation.
Venture Class 10 Companies Announced
  • 365Learn
  • ARC, LLC
  • C.A.R.D.D. Gel
  • EyeLead
  • Impact Achievement Learning Center
  • TakeOutBuddy
  • Owwl
  • aDubb
  • Argon Agency
  • Emergency Ventures
  • FearlessMind
  • Kin Technologies, Inc.
  • The Brake Institute
  • AIRGLIDE, LLC
  • Best Candidate
  • EV Tech International, LLC
  • Flo-Ops
  • PAKE Talent Solutions, LLC
  • Vi-Chain
FAU Market Validation Workshop Success

The FAU Market Validation Workshop worked with 16 local entrepreneurs. The 4-week workshop is a customer discovery program that challenges entrepreneurs to define their product market fit by conducting interviews with potential customers, receive multiple resources, opportunities and conclude with kick-off presentations.
Modernizing Medicine is one of only four ventures in
Dade/Broward and Palm Beach Counties to make
Robotics Award Winners

Robotics team, FRC Team 3932 Dirty Mechanics wins Inspiration Award and reaches world finals.
Restaurant row has announced the addition of the third restaurant to its lineup. Michelin starred chef Fabio Trabochi is bringing his farm fresh ingredients and award winning wines in the form of Fiolina. Also included in the lineup are Pubbelly Sushi and El Camino Mexican Soul Food and Tequila Bar.

Restaurant Row is a 22,500-square-foot ground-up, restaurant-only development. The project is expected to be completed in the third quarter of 2022.
Alina Residences
Breaks Ground on Phase Two
The weather was prefect for the Phase Two groundbreaking of the beautiful Alina Residences.

At the time of the groundbreaking, Phase Two was already 40% sold. Phase Two construction is slated to be completed by Q3 2024. Phase one construction was completed in March 2021.
Great Partnerships
Make Businesses Greater
Some call it the benefit of networking, others call it business connections. We like to call it corporate cupid.

A perfect example is the new partnership between The Flamingo Flea and Crazy Uncle Mike's. We know you, we know them...if it works in the best interest of everyone - we can make the introduction. Which, in this case, turned out to be a beautiful thing.

on Saturday, June 18th.

The events are free to the public and are child and dog-friendly. Vendors can be found indoors and out.
Boca Raton
Ranks Among The Best
Livability reports on,
"Why Boca Raton, Florida is a best place to live."

2022 Editors Pick - "Best New Hotels in the World" list.

Boca Raton ranked 45th on WalletHub's,
"2022 Best Small Cities to Start a Business" list.

Boca Raton makes WorldAtlas.com's list of
"13 Best Cities to Visit in Florida".
Earth Day 2022
"Invest In Our Planet"
The theme for Earth Day 2022 was, “Invest in Our Planet.”
Investing in the planet makes good business sense, and entrepreneurs around the world are finding ways to turn climate and pollution solutions into business opportunities.
Boca Raton is lucky to be home to such businesses.

Earth Day 2022 featured company was

Carbon Limit is a Boca Raton-based climate tech company on a mission to make greener cities a reality with their green cement technology that transforms concrete into a CO2 sponge, turning roads and buildings in our cities into permanent CO2 solutions.
Boca Raton In The News


  • Boca Center office and retail complex sell for $262M. South Florida Business Journal reports, "This deal is an example of the strong demand for both retail and office space in Boca Raton as rents in both sectors have climbed."

  • South Florida Business Journal reports the 61,188 sq. ft. office building located at 1801 Military Trail in Boca Raton is 97% leased after three transactions.


  • Material Bank secured its second mega-round in a year, bringing the company's valuation to $1.9 billion, as reported by Refresh Miami.

  • South Florida Business Journal reports, Yamato Office Center sells for $46 million to MH Commercial Real Estate Fund. The offices, which sit on 10 acres of property last sold for $32.25 million in 2015.


  • Boca Magazine delivered a comprehensive Boca Raton business update.




  • The CBRE team of John Criddle, Joe Freitas and Allie Lancashire have been extremely busy! The team executed 20 lease deals totaling 99,015 square feet at Mizner Office Tower & Plaza, as reported by Rebusiness Online.
  • The Real Deal reported, 851 Northwest Broken Sound Parkway in the Park at Broken Sound sold for $13.8 million. The 60,000-square-foot office building, which was purchased in 2016 for $6.1 million, was completed in 1987, sits on 5 acres, was renovated in 2016, and is is 80% leased.
Economic Development
Strategic Marketing Campaign
& Community Outreach
Digital And Print Information At Your Fingertips
As part of our ongoing marketing initiatives, we continue to create informational pieces designed to highlight the business attributes of the City of Boca Raton.

All of these items are available to you, our readers, and can be emailed or picked up at City Hall. Please contact us and we'll make sure you get the information you need.
The Office of Economic Development continues our great partnership with The Boca Raton Tribune. Click on the "Boca. Business. Brief."
articles below for the latest business news in our City.
Good News for
Palm Beach County
Employment
Thanks to the efforts of Career Source of Palm Beach County
Palm Beach County’s unemployment rate, as reported on
June 17, 2022, remains at a near historic low of 2.4 percent.

PBC's rate is below both the 3.4 percent national rate and Florida’s 2.5 rate.

PBC's unemployment rate has remained below the nation’s for nearly two years and the state for 21 months.

Seeking employment? Check out their Jobs page to search for your next opportunity. Career Source Palm Beach County's in person and virtual job fairs are not to be missed!

For the latest schedule, visit their Events page.
Want to know more about
Boca Raton's Business Community?
Check out our YouTube channel. Our commercials and short videos have been viewed over 67,000 times.

If you have a great idea for a video or would like to see an interview with a local CEO, let us know and we'll do our best to make it happen.
Economic Development Social Media
If you would like to see what we've been up to, you can find us on the following social media platforms:
Facebook: We have over 42,400+ followers! Have corporate news to share - contact us via Facebook Messenger.

Twitter: For the latest news on Boca's Corporate Community, follow us on Twitter @BocaDev.

Instagram: Do you have corporate photos to share? Follow us @Boca.Economic.Development and tag us at #BusinessBoca.

YouTube: Have you seen our YouTube page? We already have over 67,000+ views. Check us out @City of Boca Raton - Office of Economic Development.
Have corporate news to share?
We'd love to hear (and share) it...
Office of Economic Development | City of Boca Raton | 561-393-7761 
201 W. Palmetto Park Road, Boca Raton, FL 33432