Quarterly Report
January, February, March 2021
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Spring is here and new beginnings are all around us. We're proud of Boca Raton's business community and proud of what we've accomplished together throughout the COVID-19 pandemic.
Although this year has been anything but "business as usual" some very exciting things have been happening. In this quarterly report, we'll share some of the victories and help spread the good word of our local companies.
The Office of Economic Development is here to assist Boca’s corporate community - with 13,000 businesses and 123,000 employees in our City we continue to work to provide resources and support as needed.
If there's more we can, or should be doing to assist your company, please reach out to us at EconomicDevelopment@MyBoca.us.
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National Marketing Campaign |
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Here's a look at our two-page insert that was placed in the
San Francisco Chronicle.
Last quarter our inserts were placed in the WSJ and Chicago Tribune. For our West Coast insert, the ask was simple - trade your sunsets for sunrises and keep more money in your pocket.
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Boca Ranks #1
Best Place to Raise A Family
In Palm Beach County
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Niche’s 2021 Best Places to Live rankings are live.
This year, Boca Raton takes the #1 spot in the Best Places to Raise a Family in Palm Beach County.
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"Engineer the Change" Scholarship |
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Through this program they awarded five scholarships to worthy candidates.
The program teaches career and skill development programs in computer programming and web-based applications.
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The real estate investment trust Colony Capital relocated its headquarters from Los Angeles to Boca Raton.
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Sculpture Unveiling at Alina Residences |
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We were lucky to join them on property for the sculpture unveiling.
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“Tech Talk” series.
Boca Raton is rich in both history and innovation and we loved being a part of the discussion.
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Boca Takes Top Destination Spot |
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Boca Raton takes the top destination spot for snowbirds on
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Great Partners Make Great Projects |
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We were lucky to be a part of the Pink Palm Group at
magazine.
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Through COVID-19 we've stayed busier than ever – and we're loving every minute.
Over the past year, companies have been expanding or relocating to our beautiful city.
Boca Raton is open for business - join us!
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2020
- March 4 – 4Ocean moved their HQ into the Research Park @ FAU.
- April 18 – Compass (backed by Softbank – who recently invested $100MM in Miami startups) opens a new office in Downtown Boca Raton.
- April 21 – Redcon’s world HQ (fastest growing sports supplement company in US) moved to the Park at Broken Sound.
- June 15 – BGI Capital expands to Boca Raton.
- July 8 – Amazon opens new delivery station, creating hundreds of jobs.
- August 3 – Google invests $450 million to acquire 6.6% ownership in ADT.
- August 18 – Infinity Sales Group (ISG) expanded its workforce by 25%.
- November 18 – Meizner Electric relocates to Boca Raton - 901 Yamato Road.
2021
- January 6 – Colony Capital (publicly traded $52B AUM) relocates from Los Angeles to Boca Raton.
- January 27 – Canon expands HQ and moves into the Boca Raton Innovation Campus.
- February 3 – Round Table Wealth Management ($1B AUM) expands from the NE into Boca Raton.
- February 12 – Wealthspire Advisors ($12B AUM) expands into Downtown Boca Raton.
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Boca Raton Innovation Campus
Cuts Ribbon on New Lakeside Patio
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On display at the event were renderings of the great projects coming to the former IBM campus.
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Good News for
Palm Beach County
Employment
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Seeking employment? They currently have 2,700 jobs available throughout the county.
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Career Source Palm Beach County's virtual job fairs are not to be missed! For the latest schedule, visit their Events page.
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Up 32%, we're accessing data that reflects how our city is starting to age younger. Boca Raton is the 2nd trendiest city in Florida for Gen Z renters. Generation Z are those born between 1997 and 2015. |
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The Today Show in Boca Raton |
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Today Show reporter Kerry Sanders spent the morning of
February 18th in our beautiful city - at
Such incredible work happening at Gumbo Limbo.
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Royal Palm Residences Groundbreaking |
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Group P6 held their groundbreaking ceremony for their latest project, Royal Palm Residences. The project will consist of 48 luxury residences in the heart of downtown Boca Raton.
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Adam Sandler Shines in Boca Raton |
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2021 Economic Development Report |
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This report provides an overview of some of the assets located in our beautiful - business savvy city.
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Economic Development
Strategic Marketing Campaign
& Community Outreach
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Print Information At Your Fingertips |
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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 picked up at City Hall. Please contact us directly and we'll make sure you get the information you need, while following CDC safety guidelines.
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Entrepreneurial Resource Guide |
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It’s continuously being updated - be sure to check it out.
If a valuable/local resource should be added, you can reach out to them directly on Twitter @BestTechie.
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Small Business Recovery Relief
Grant Program
Application Portal Is Still Open
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For Boca Raton's small businesses that have been negatively impacted by the COVID-19 emergency, the City has created a $500,000
The relief program will provide some eligible businesses within the City of Boca Raton with one-time grants of up to $5,000.
The online application is available on the City's website.
Grants will be awarded to businesses on a
first come-first eligible served basis.
Businesses must complete an online application and submit additional required documents.
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We were excited to showcase our beautiful - business savvy city at the tech and innovation conference at the Synapse Summit.
We shared our city virtually through videos, marketing materials and print ads.
Tech professionals from across the country attended this great event.
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Refresh Miami reported the CEO of ZeroBounce, one of the country’s fastest growing companies, had this to say about our business savvy city. “I recommend it 100% from a business perspective,” Tanase said of Boca Raton.
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Bloomberg reported, real estate investment trust Colony Capital relocated its corporate headquarters from Los Angeles to Boca Raton.
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Yahoo!News gave a "sneak peek" at what new businesses we can expect to see in Mizner Park in the near future.
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BizJournals reported, the University Park student housing complex near Florida Atlantic University sold for $80 million. The price exceeded $500,000 a unit. The property last traded for $70 million in 2016.
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Bloomberg reported, in these days of working from home, Florida’s low taxes, year-round warm weather, and emerald golf links are already luring some Wall Street people down from New York.
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Law.com reported, the 8,595 square foot mixed-use building at 5401 N. Dixie Highway traded for $1.1 Million.
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CNBC reported, CELSIUS surged more than 1,000% in a year.
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The Real Deal reported, private equity firm, AeroEquity Partners LLC, a Delaware corporation linked to AE Industrial Partners LP, bought the property at 6700 Northwest Broken Sound Parkway for $6.3 Million.
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The Coastal Star had a great write up about our beautiful - business savvy city!
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South Florida was the topic of discussion on NBC News.
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The Sun Sentinel reported that buyers are flocking back to condos, with a Boca Raton penthouse selling for $10 million.
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Boca Raton gets a nice mention in the Financial Times - Florida’s feel good factor article.
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Boca Raton gets a nice mention in Forbes magazine.
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Palm Beach County Employment Resources |
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Want to know more about
Boca Raton's Business Community?
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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.
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Economic Development Social Media |
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If you would like to see what we've been up to, you can find us on the following social media platforms: |
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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 @BocaEconomicDevelopment 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.
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Have corporate news to share?
We'd love to hear (and share) it...
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Office of Economic Development | City of Boca Raton | 561-393-7761
201 W. Palmetto Park Road, Boca Raton, FL 33432
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