| 3rd Quarter 2022 |
"The ultimate resource in economic development is people. It is people not capital or raw materials that develop an economy."
Peter Drucker, author

Boca Raton is rich in innovation, business resources, and opportunities - but most importantly Boca Raton is rich in commUNITY. Boca Raton is thriving and we're happy to share some of the wonderful projects taking shape in our beautiful city.

Boca Raton - Where running your business doesn't have to feel like work. Join us!
The Flamingo House Opens In Downtown Boca
The Flamingo House officially opened in Downtown Boca Raton with a ceremonial ribbon cutting.
The Flamingo House is an "experiential shared workspace focused on balance and productivity."
To help share the good word about Boca's corporate community we included our Quarterly Business Report in The Coastal Star and Sun Sentinel - reaching more than 50,000 homes and businesses locally.
Colliers South Florida Quarterly Report by the Numbers
Three of the five significant lease and sales activity in Palm Beach County took place in Boca Raton.


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.
Boca tech start-ups completed the EndeavorLAB accelerator program.
It was impressive to hear the final pitches given by the 7 participating companies.
Special congratulations to one of our graduates, Flo-Ops! The Flo-Ops team took 2nd place in Dell for Startups Pitch Competition.
This quarter we held the first Boca Raton Women Founders Group meetup. We thank the Boca Raton Historical Society for hosting this incredible group of dynamic women.

If you are a woman founder and are Boca based and/or conduct business in Boca Raton we welcome you to join us. For more information contact us at EconomicDevelopment@myboca.us.
Renovations
are underway at
The Boca Raton

The Boca Raton was purchased by MSD partners in 2019 for $875 million and is currently undergoing a $200 million renovation.

The iconic pink tower is getting a fresh coat of cool pink paint and we can't wait to see the results of the amazing renovations.

Enjoy
an Exclusive Rate

The Boca Raton is currently offering introductory corporate rates for local businesses to experience The Boca Raton resort.

Interested?
Reach out to their team to request a tour and/or details.
cfraichot@thebocaraton.com
(561) 447-3537
Great Partners Make Great Events
We partnered with the Research Park at FAU and GrowFL Southeast Chapter to bring together second stage companies in Boca Raton. MobileHelp CEO Robert Flippo was the keynote speaker.
Economic Development Update
There was nothing better than spending our morning with the Douglas Elliman Florida team in Downtown Boca last month!

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
Innovation Is All Around Us!
Welcome Dr. Chris Carson, Lynn University's College of Business and Management Entrepreneur-in-Residence for the 2022-23 academic year.

We look forward to collaborating with Dr. Carson and the budding entrepreneurs at Lynn University as they work to advance innovation and ideas for new business enterprises.
Northeast accounting and advisory firm Anchin, has expanded to Boca Raton. This move marks Anchin's first expansion outside of New York state in its nearly 100-year history.

Anchin is located at One Boca Place at 2255 Glades Road.
We welcomed Weiss Serota to their newly expanded - beautiful office space.
secured

Material Bank is the world's largest marketplace for the architecture and design industry and is the fastest way to search for sample materials. The service is also a free resource to design professionals.
Ranks In Top 100

Comparably's annual
"Best Companies
For Career Growth"
list is out.

With only 7 companies in the state making the list, it's great to see Cross Country Healthcare rank in the top 100.
Celsius Strikes Deal with PepsiCo, Inc.

Headquartered in Boca - Celsius Holdings, Inc. has struck a
$550 million distribution deal with PepsiCo, Inc.

The fundraise is led by Bill Gates-founded Breakthrough Energy Ventures, 2150 Urban Tech Sustainability Fund and VoLo Earth Ventures.

New World Angels Making A Difference

It was so great to see Boca based New World Angels listed as one of the 7 most Active VC/Angel Investors in the state.
Proud 90 Makes Golf Digest List

Boca based Proud 90 makes Golf Digest's list of
Boca Raton HQ
is Making Waves
Boca Raton HQ is making waves in eco-engineering and clean-tech. Greener Process Systems, Inc. is developing a revolutionary modular system to capture maritime and industrial emissions.

They are a cleantech company that is revolutionizing air pollution capture technology.
Sensus Healthcare has a new and unique product that's received FDA approval.

The TransDermal Infusion replaces the use of needles for aesthetic applications including hair restoration, facial rejuvenation and treatment of hyperhidrosis.
FAU Tech Runway continues to support and foster thriving
startups in Boca Raton.

Verizon's Forward for Good Accelerator: Disability Innovation cohort recognized Imanyco, an FAU Venture Class 8 company.
FAU Market Validation Workshop Success
16 companies attended FAU's Department of Innovation and Business Development Market Validation Workshop as a first step in shaping their entrepreneurial ideas.

The workshop is designed to help entrepreneurs and small businesses discover their market fit, identify gaps and gather data.
The Adams Center for Entrepreneurship at FAU completed its first Spanish-Language Boot Camp for Entrepreneurs. The eight-week course is designed to teach participants how to run successful businesses.
The City of Boca Raton is committed to reducing GHG emissions in the city to net zero, but how can that be done? We partnered with the Office of Sustainability for a panel discussion with some Boca Raton based businesses working on solutions for a net zero emissions world.

The panel included representatives from:
International Economic Development
Round Table
The Hispanic Entrepreneur Initiative (HEI) hosted international delegates along with reps from organizations in Boca Raton. We were honored to be at the table for these discussions. Round table conversations like this open avenues for collaboration and have a positive impact on economic development.
Hispanic Business Impact Symposium
We are lucky to have (and partner with) organizations like
HEI Florida.

Such a productive and informative day at FAU College of Business' new Executive Education facility.

“Our goal is to empower and inspire 200 entrepreneurs to create a sustainable business culture in the U.S.”
- HEI co-founder and CEO Mary Sol Gonzalez.

Mayor Singer presented a Proclamation in honor of Hispanic Heritage Month.
The Flamingo Flea is Back at Crazy Uncle Mike's
The Flamingo Flea curates recurring markets of eclectic talents created throughout South Florida. Shop local artisan vendors for the best handmade, up-cycled, vintage, locally sourced goods and stay for the incredibly fun (and delicious) brunch!

Saturday, October 15th -- 12 - 4 PM
Crazy Uncle Mike's - 6540 N Federal Hwy Boca Raton 

For more info:
"Do Good Feel Good"
Women's Empowerment Luncheon
We're excited to be partnering with Dress for Success Palm Beaches, Macy's and All Mine Concierge Services for the upcoming Women Empowerment Luncheon.

Friday, October 14, 2022 from Noon to 2pm
Tickets - $35
The 50th Golden Jubilee Anniversary Celebration

is being held on October 26, 2022 at The Addison

Each room will showcase a different decade, from the 70's to present.
A Celebration of Women
In The Community
The annual TimberTech Championship is coming to town
November 4, 5 and 6.

Leading up to the event is their Celebration of Women featuring Annika Sorenstam. The event is focused on connecting the local community to benefit the Christine E. Lynn Women's Health and Wellness Institute at The Boca Raton Regional Hospital.
Boca Raton
Ranks Among The Best
WPTV reports,
Boca Ranks 4th in Stacker.com
"Best 25 Southern Beach Towns To Live In"

Boca Raton ranks #2
on Travel.com's list of
"Best Tropical Places In the U.S."

According to Move Buddha's recent list,
Boca Ranks among the
"Top Florida Cities to Move To In 2022"
Boca Code Expands Programming

South Florida Tech Hub shares the great news of the expansion of programs at Boca Code.

Engineer the Change scholarship expands access to South Florida tech jobs while expanding the regional talent pool.
Boca Raton In The News

  • PEBB Enterprises, in partnership with Contrarian Capital Management, has acquired the Meridian Office Center at 6601 Park of Commerce Boulevard for $29.85 million. The 131,680 sq. ft. building, which is 100% leased, sits on 11.14-acres in the Park at Broken Sound.

  • Office Depot agrees to sell is corporate HQ. GlobeSt.com reports, the 650,000 sq. ft. office building, which sits on 28.9 acres at 6600 N. Military Trail, was purchased by ODP in 2017 for $132.05 million. The price was not immediately disclosed.

  • Rosemurgy Properties broke ground on self-storage facility at 7021 N. Federal Highway. South Florida Business Journal reports, the three-story building will be a 121,019 sq. ft. facility and is expected to be completed in September, 2023. The 3.55-acre site was purchased in 2020 for $4.17 million.


  • Manor Broken Sound is completed. The six-story project has 297 apartments, including 36 villas with private garages. Situated on 11.5-acres at the park at 5400 Broken Sound Boulevard in the Park at Broken Sound. The project was designed by Boca based RLC Architects, developed by The Related Group and Rockpoint Group.

  • More on the Manor Broken Sound, the 297-rental unit property situated on 11.5 acres at 5400 Broken Sound Boulevard, completed this summer, sold for $194 million - equating to $650,000 per unit. As reported by The Real Deal.
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.
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
August 19, 2022, dropped to 2.9 percent, below the year-ago rate of 4.6 percent.

PBC's rate is below the 3.8 percent national rate.

For more than a year, there are more job openings than unemployed people in Palm Beach County.

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