Boca’s economic development report


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

Boca. Business. Briefs.

Publicly traded Newtek Business Services Corp. (NASDAQ: NEWT) relocated its corporate headquarters from Long Island to Boca Raton.  With revenue of $49.5 million in 2018, Newtek is the 35th largest publicly traded company on Long Island.

Additively Manufactured Electronics (AME) provider, Nano Dimension has moved its main commercial activity to the USA, establishing its headquarters for the Americas in Boca Raton.

Co-founded by two Florida Atlantic University alumni in 2017, 4Ocean continues to expand and grow. 4Ocean’s mission is to end the ocean plastic pollution crisis through global cleanup operations and a variety of methods that help stop plastic pollution at its source.  They recently moved their headquarters to the Research Park at FAU where they will continue their valuable work and life changing mission.

Celsius Holdings (Nasdaq: CELH) inked a deal to sell its flagship product at 1,500 Walmart stores.

PredaSAR recently completed its seed financing round of $25 million. PredaSAR is building the world’s largest and most advanced commercially operated Synthetic Aperture Radar (SAR) satellite constellation. The investor group included Miami based Rokk3r Fuel.

FAU High School recently unveiled its new Owls Imaging Lab.  The only research lab of its kind in the country, this school and its students are doing incredible things.  The lab includes a micro computed topography scanner, scanning electron microscope, microtone and embedding station, inverted compound microscope and stereoscope.

The 4,400-square-foot retail property constructed in 1974, which sits on just over a third-of-an-acre, sold for $1.4 million. The property, which is located at 100 W. Royal Palm Road, last sold for $600,000 in 2012.

Business is Booming.

A recent article in the Wall Street Journal ranked the job markets of 381 metro areas.  Of the 381 regions analyzed, and up from 31st last year, our region ranked as the 15th hottest job market for 2019.

Home to financial firms like UBS, Merrill Lynch, Morgan Stanley, Ameriprise, Oppenheimer and Raymond James, Boca Raton has a lot of opportunities for new and expanding financial firms. Below is a photo from a recent 20,000 sq. ft. renovation showcasing what many firms are doing with their new space. (Photo provided by Maddox Group).

Looking to open an office in Boca Raton? Reach out, we would love to help.

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