Boca’s Economic Development Report

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

Town Center at Boca Raton

This summer, British Airways will be adding a direct flight from London to Ft. Lauderdale and in their usual business savvy fashion, the team at Town Center realized this was the perfect opportunity to get exposure into this international market. They partnered with the airline and hosted an exclusive media tour, inviting five journalists from five different UK publications, including Hello! Online, Metro, Evening Standard and Good Housekeeping UK.

During the tour, the journalists stopped by Capital Grill, Sak’s Fifth Avenue, Gucci and Porsche Design to experience Town Center’s luxury shopping and dining. With the type of afternoon they had, we can’t wait to read about their experiences and see the beautiful Boca Raton brand shared on an international basis.

We asked Sean Carroll, the Director of Marketing and Business Development to give us an overview on his takeaway of the tour and here’s what he told us, “We were excited to host this press visit from the United Kingdom. It’s important for the international traveler to know that they can find iconic brands at Town Center in the beautiful haven of Boca Raton that is free from the chaos and density found in the rest of South Florida.”

Boca’s Corporate Community Continues to Thrive:

Canon, Inc.

Last month, the Mayor and Council Members had the opportunity to meet with Canon’s executive team and tour their demonstration and lab sites which are housed on the ground floor of their corporate office, located in the Park at Broken Sound. With annual net sales of $11 Billion in the Americas, 20,000 national employees, and over 200 here in Boca Raton – we appreciated the time they took to meet with us. On our tour, we learned about Canon’s recent launch of a new, innovative wide-format imaging technology printer that prints up to 1,710 square feet per hour. We’re told this new technology will be a game changer in the wide format imaging market.

Phoenix Tower International

We recently met with the leadership team at Phoenix Tower International. An international company that owns and operates 1,400 towers and wireless infrastructure throughout the US, Latin America and the Caribbean, they launched in Boca in 2013 and have already grown their team to more than 80 employees.

Not only are they expanding their footprint in Boca Raton, they’re expanding their tower portfolio to include additional international markets. Earlier this month they announced an acquisition of 202 wireless communication tower sites from Digicel in El Salvador and a short week later, they announced the closing of a $120 Million loan facility led by Scotiabank and other lenders which will allow them to continue financing wireless infrastructure across Latin America.

We asked their CEO, Dagan Kasavana to give us his insight on Boca from a corporate perspective and he told us, “Boca Raton is a great central location for our employees, who commute from as far south as Miami and as far north as Palm Beach.  There’s a thriving business community of various types of businesses and entrepreneurs all over the city and a strong local work force of smart and energetic employees.  Furthermore, our employees feel safe and secure working in Boca Raton and when we have visitors in town on business there is no shortage of options to take them out and show them a great time. In short, Boca Raton represents an ideal business location and is one of the better decisions I made for our company!”  

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’re up to? Follow us on Facebook @BocaEconomicDevelopment.