Boca’s Economic Development Report

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By: Jessica Del Vecchio Economic Development Manager Special to the Boca and Delray newspapers

Boca Ranks 6th in the State for Jobs

Analytical firm, WalletHub compared 135 Florida cities to find the best places to find employment. The findings were based on 16 metrics that collectively showcased the employment environment found in each of the cities analyzed.  Factors that were considered ranged from the number of job openings per unemployed resident, average starting salary, employers providing benefits and the length of the average work day. After analyzing the 135 cities, Boca Raton had a strong ranking – coming in 6th in the state on WalletHub’s 2018 Best Florida Cities for Jobs list.

YouTube Channel Launched

At the end of May, our Office launched a YouTube account. The goal of this channel is to have a single location where all the Economic Development videos can easily be accessed and viewed.  Since the channel launched three weeks ago, we’ve been sharing it with our social media contacts locally, nationally and internationally and within this short amount of time, the channel has had over 13,000 views.

On the Economic Development channel, viewers can find our CEO commercial, which aired nationally and internationally on ESPN and the Golf Channel during the Cheribundi Boca Raton Bowl and the Boca Raton Championship. Also included is a highlight reel from our Business of Sports Luncheon featuring FAU Coach Lane Kiffin, the PBC Sports Commissioner George Linley, Director of FAU MBA Sport Management Dr. Jim Riordan and the former General Partner, Chairman for the Florida Panthers, Cliff Viner.

This month we kicked off a new business series where we sit down with local CEO’s to discuss “Why Boca Raton?” On our channel is a behind the scenes look at our first interview with the CEO of NCCI, Bill Donnell.  With 800 employees located in their 300,000-square-foot corporate headquarters, we’re sure you’re going to enjoy hearing Bill Donnell’s valuable insight. You can find us at City of Boca Raton – Office of Economic Development.

Business Briefs:

The Boca Raton Innovation Campus added another new tenant, Fusion Academy.

TherapeuticsMD, which trades on the NASDAQ, is having an incredible year. They recently raised $70 million through an equity offering and the FDA approved TXMD’s newly developed drug.

2017 proved to be another strong year for Research Park at FAU, with a reported regional economic impact of $535.65 million.

Office Depot rang the closing bell at the NASDAQ on May 15th.

Between the new Quiet Zones along the FEC corridor and the official opening of the US Customs Facility at the Boca Raton Airport – this month was a big transportation month for Boca Raton.

900 Broken Sound Parkway, located in the Park at Broken Sound, sold for $24 million. The 116,000 square foot building last sold in 2015 for $20 million.

Have corporate news to share or looking to relocate/expand your company to Boca Raton? Contact the city’s economic development office at economicdevelopment@myboca.us or 561-393-7761. Want to see what we are up to? Follow us on Facebook @BocaEconomicDevelopment.