Boca’s Economic Development Report

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

WDSrx Networking Event

We recently partnered with the team at WDSrx to host the City’s  first networking event – a free event designed specifically for the Life Science industry. Our goal was to bring the local life science leaders together under one roof to help build relationships and encourage local companies to work with one another.  There were  more than 50 C-level executives in attendance and during the event, the guests were given a tour of WDSrx’s 70,000 square foot logistical facility located on Clint Moore Road.

During the tour, CEO, Adam Runsdorf told us that on a typical business day, over 800 packages containing 14 million dosages are shipped from the Boca facility – traveling over one million miles, arriving at 530 different zip codes. That has an enormous impact on the national pharmaceutical supply chain, as well as the local economy. With the success of this event, we’ve decided to continue working with our corporate community, hosting similar events throughout the City’s diversified class of industries.

Boca Tops the List in Palm Beach County

Of the 39 municipalities in Palm Beach County, Boca Raton is the county’s most valuable city with a taxable value of $21 billion, including new construction, for 2016. To put this in perspective, West Palm Beach’s 2016 taxable value was $11 billion and Boynton Beach was $5 billion. Boca Raton is a financially sound city; these taxable values are indicative of our economic vitality.

Unify

We recently met with the leadership team of Unify, the Atos brand for communications software and services, and were completely impressed by their long standing history in Boca Raton.  Recently named “Company of the Year – Team Collaboration” by Frost and Sullivan, Unify was previously known as Siemens Enterprise Communications and with various legal entity names, they’ve had a presence in Boca dating back to the late 1970’s. The Enterprise Division was the result of several acquisitions by Siemens, including Rolm. In October 2013 they changed their name to Unify, Inc. and in early 2016 was acquired by Atos SE. Unify provides communications and collaboration solutions, from fully integrated software-based applications to the services that implement and manage them globally.  With 100 Unify employees here in Boca, Atos operates in 72 countries and has over 100,000 employees across the globe.

We asked Luiz Domingos, Unify’s Head of Product House, for his perspective on our city as a corporate hub and here’s what he told us, “Boca can be misleading to many visitors who only know it by the beautiful beaches and parks, great dining, and incredible quality of life. They don’t see the vibrant high technology environment with educational institutions like Florida Atlantic University and international giants like Office Depot, TransUnion and Atos/Unify providing a great work/life experience for those of us lucky enough to live here.”

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 were up to? Follow us on Facebook @BocaEconomicDevelopment.