annual report 2016-2017
Palm
Beach County I’m pleased to report that 2016 – 2017 was an outstanding year for economic development success in Palm Beach County. Upon review of this report, you will learn about several major initiatives the Business Development Board engaged in to grow and diversify Palm Beach County’s economy. In summary, the BDB facilitated 2,217 new and retained jobs, and
$158,459,500 in new capital investment through 21 relocation and expansion announcements. These companies will lease, construct, or
purchase 792,100 square feet of additional space. As you know, in collaboration with city, county, and state partners, the BDB works to leverage the County’s extraordinary assets by promoting the expansion of existing businesses and attracting new ones to the area. Our combined efforts contribute to the prosperity of the County by providing quality jobs for our citizens, fostering economic growth and delivering a vibrant community that is a premier business destination. Thank you for your partnership and support of our economic development efforts.
35
Years of Success
2016-17 12 13 30+
YTD Snapshot of
291 Members
91% Membership Retention
Kelly Smallridge President & CEO
Outreach Missions
Task Forces
Gina Melby BDB Chair
Events
Corporate
Relocations & Expansions Belcan Corporation BikeKeeper, LLC Coral Steel F1 Oncology FINOVA financial Fun Sweets GeoGlobal Partners Harmack Company nexAir, LLC Niagara Bottling Nutent Therapeutics Parametric Solutions Project Blue Heron Project Butler Project Cloud Shoes for Crews Sweet Endings Project Orchid Project Wizard Project Wedge Tecomet
A/A/E 650 jobs Manufacturing 25 jobs Manufacturing 17 jobs Life Sciences 15 jobs Business/Financial 50 jobs Manufacturing 130 jobs Manufacturing 44 jobs Industrial Services 5 jobs Distribution/Logistics 14 jobs Manufacturing/Distribution 50 jobs Life Sciences 28 jobs A/A/E 200 jobs A/A/E 166 jobs Corporate HQ/ IT 52 jobs Corporate HQ 150 jobs Corporate HQ 200 jobs Manufacturing 48 jobs Life Sciences/HQ 110 jobs Corporate HQ 50 jobs Corporate HQ/ IT 35 jobs Manufacturing 178 jobs
West Palm Beach Belle Glade/Lake Worth West Palm Beach West Palm Beach West Palm Beach West Palm Beach West Palm Beach Belle Glade Unincorporated WPB Unincorporated PBC Boca Raton Jupiter Unincorporated WPB Delray Beach Boca Raton Boca Raton West Palm Beach Boca Raton Boca Raton West Palm Beach Riviera Beach
The Numbers 21 2,217 $68,612 $158.4M 792,100 Relocation & Expansion Projects
New & Retained Jobs
New Capital Investment
Average Salary
Total Square Feet
Other
IT
105
Manufacturing
Facilitated Projects by Industry
Corporate HQ
Technical Assistance, Referrals, and Connections Provided to Existing Palm Beach County Companies
Distribution/Logistics
Business/Financial A/A/E Life Sciences
Economic Impact Projections of 21 Relocation & Expansion Projects
Average Wages
October 2016 - September 2017 Output Wages Taxes Capital Investment
Average Wage of Closed Projects $68,612 County Average Wage $50,658
$1,151,379,332 $287,132,863 $24,930,192 $158,459,500
The average wage of closed projects is 135% higher than the county average wage.
Boca Raton Delray Beach
Facilitated Projects by City
Glade Region Jupiter Riviera Beach West Palm Beach Other 0
1
2
3
4
5
6
7
8
shaping the
future
Outreach Missions
Enterprise Florida (EFI) Team FL Industrial Asset Management Council (IAMC) Site Consultant Event October 10, Indianapolis, IN Enterprise Florida (EFI) Team FL CoreNet Global Summit Site Consultant Event October 16 – 19, Philadelphia, PA National Business Aviation Association Business Aviation Conference and Expo (NBAA-BACE) November 1 – 3, Orlando, FL Medica Tradeshow November 13 – 18, Dusseldorf, Germany Area Development Consultants’ Forum December 5 – 6, Miami, FL National Business Aviation Association (NBAA) Regional Forum January 26, West Palm Beach, FL Leadership Summit of the International Economic Development Council January 29 – 31, Jacksonville, FL Enterprise Florida (EFI) Team FL Daytona 500 Site Selection Consultant Event February 25 – 27, Daytona Beach, FL Enterprise Florida (EFI) Team FL Industrial Asset Management Council (IAMC) Site Consultant Event April 10, Tampa, FL Annual Aviation Week MRO Americas Conference April 24 – 27, Orlando, FL Enterprise Florida (EFI) Team FL Site Consultant Event May 10 – 11, Jacksonville, FL Florida Power & Light Powering Florida Reception June 12, Orlando, FL
Company Visitation Program A company visitation program is a vital component for any robust economic development organization. The BDB has a commitment to visit a minimum of 100 local companies within Palm Beach County’s targeted industries to gain a better understanding of current issues and needs while providing connections to appropriate business resources. The BDB’s visitation program provides one-on-one technical assistance and transactional “matchmaking” with financiers, talent developers, procurement specialists, government officials and real estate resources, to name a few.
102
Company Visits
Attracting business through
creative strategies
Behind the Gates Behind the Gates is a multi-year initiative to attract executives who have second homes in Palm Beach County to move their businesses here.
Yielded over 800 jobs since the inception of the program
2017 Site Consultant FAM Tour Site location experts from New York, Louisiana, New Jersey, Georgia, Texas, Massachusetts, and Ohio took part in the BDB’s 2017 Palm Beach County Site Consultant Familiarization Program (FAM) on March 29-31. Annually, site selectors meet with public and private sector representatives, experience various Palm Beach County communities, and discover the many business assets here. At the conclusion of each FAM Tour, site consultants provide honest feedback pertaining to Palm Beach County’s business climate. This important feedback provides the BDB with insight and ideas to further strengthen its expansion and relocation efforts.
If it’s cutting-edge, it’s happening here.
The BDB is in the Process of Creating a New Non-Profit 501(c)(3) to Conduct Economic Analysis and Research The Business Development Board Research Foundation of Palm Beach County supports or carries out the educational and programmatic activities that enhance the economic competitiveness and prosperity of Palm Beach County, Florida. Such activities include research on and dissemination of economic development information, and fostering the creation or expansion of programs or activities that promote short-term and long-term economic development and job creation in Palm Beach County.
An Innovative
Life Sciences Hub NEW Palm Beach County Life Sciences Newsletter distributed to over 700 life sciences stakeholders
NEW BDB Vice President of Life Sciences, Robert Mino, hired to grow Palm Beach County’s life sciences industry
Life Sciences Advisory Council The Life Sciences Advisory Council continues to serve as the oversight group of leaders responsible for the execution of the Palm Beach County Life Sciences Industry Action Plan developed in 2016.
The mission of the council is to:
Serve as the fundamental force of Palm Beach County’s life sciences ecosystem
Strengthen and grow Palm Beach County’s life sciences ecosystem
Support, facilitate and promote the commercialization of promising treatments, therapies and cures that will improve health and patient care
Encourage innovation through investments in companies with good science and strong business models
Create high-paying jobs and drive long-term economic development and prosperity in Palm Beach County
Marketing & Branding of
Education
11
Claim Your Future Showcase February 7, 2017 at the PBC Convention Center
The second annual Claim Your Future Showcase provided over 500 students with the opportunity to meet over 60 companies and learn about countless career opportunities available in Palm Beach County.
Palm Beach County Internship Expo April 13, 2017 at Palm Beach State College The BDB and CareerSource Palm Beach County organized the first Palm Beach County Internship Expo, which connected local talent with nearly 40 local companies with available internships.
Airport Ads
Education ads displayed in the Palm Beach International Airport promoting education
Education Website
PBCedu.org
Academic Leaders Council Education is the key to solid economic development and a vibrant future economy. Therefore, the BDB created the Academic Leaders Council, a new initiative to strengthen business and education partnerships. The Council is the first of its kind in Palm Beach County and focuses on preserving and expanding the intellectual capital in the County, while ensuring that the curriculum taught in the classroom aligns with the needs of targeted industries that are growing in the County.
7
Presidents of PBC colleges and universities
1
PBC School District Superintendent
32
Industry Leaders
Industry Discussions: Aviation/Aerospace/Engineering
Parametric Solutions, Inc. Belcan Engineering Group, LLC Sikorsky Pratt & Whitney
Distribution/Logistics Sugar Cane Growers Cooperative of Florida Cheney Brothers WDSrx - Woodfield Distribution, LLC Florida Crystals
Healthcare
Boca Raton Regional Hospital Florida Community Health Centers JFK Medical Center Wellington Regional Medical Center
IT/Telecommunications
Modernizing Medicine Campus Management Corp Host.net Document Storage Systems (DSS))
Life Sciences
Sancilio & Company KRS Global Biotechnology Akron Biotechnology, LLC Horizon Pharma
Manufacturing Baron Sign Manufacturing RGF Environmental Group SV Microwave Viking Wafer World SolarTech Universal
Trades/Construction
Cemex Hi-Tech Roofing Carpenter Electric Hedrick Brothers Construction Hardives, Inc. Associated Builders and Contractors
(From left to right) Dr. Gary Vonk, Flagship President of Keiser University, Dr. Kimberly Lea, West Palm Beach Campus President of Keiser University, Dr. William “Bill” Fleming, President of Palm Beach Atlantic University, Dr. John Kelly, President of Florida Atlantic University, Dr. Robert Avossa, Superintendent of Palm Beach County School District, Ava Parker, J.D., President of Palm Beach State College, Dr. George Hanbury, President & CEO of Nova Southeastern University, and Dr. Kevin Ross, President of Lynn University.
Over 20 New Connections Facilitated.
Here are just a few: Belcan Engineering and Parametric Solutions established a talent-recruitment relationship with Palm Beach State College (PBSC). Leaders of Belcan and Parametric formed the relationship with PBSC based on testimonials from leaders of Sikorsky and Pratt & Whitney pertaining to the high-quality students they recruit from PBSC. The School District of Palm Beach County established a job placement relationship with Keiser University.
PBAU’s Dean of the Gregory School of Pharmacy and Sancillio & Company are exploring future joint projects.
Hedrick Brothers Construction, CEMEX and SV Microwave established a job placement relationship with Palm Beach Atlantic University.
Walgreens Distribution Center agreed to assist Palm Beach State College with developing curriculum for their new A.S. degree in supply chain and logistics.
The Glades Region
Successes: Harmack Company 5 New Jobs Belle Glade BikeKeeper LLC 25 New Jobs Belle Glade and Lake Worth
Quarterly Newsletter
Glades Microsite
The crossroads for
The epicenter of agricultural production with 500,000
acres
annually harvested
12 million
14,300+ acres
Floridians within a of readily developable 100-mile radius of industrial & commercial land available 85% of the state’s population
Western Palm Beach County Business Appreciation Bus Tour
The BDB hosted elected officials and business leaders on a bus tour of companies in Western Palm Beach County to show appreciation to them and thank them for their contribution to Palm Beach County’s economy. November 2, 2016
Over 300 of
Palm Beach County’s most influential leaders
in one room...
BDB Winter Equestrian Festival Reception
Claim Your Future Showcase
National Engineers Week Honors & Awards Banquet
FAM Tour Breakfast
Manufacturing Luncheon
BDB 2nd Quarter Luncheon
2017 Education Forecast Economic Development \Forum
Education Forecast
Brightline Reception
2016-2017
Economic Development Events Realtor Round Table—October 11 Academic Leaders Council—October 20 Western PBC Business Appreciation Bus Tour—November 2 Manufacturing Luncheon—November 17 Upper Level Holiday Reception—December 1 BDB Coffee Talk—January 12 Realtor Round Table—January 18 BDB Winter Equestrian Festival Reception—January 21 BDB 2nd Quarter Luncheon—January 25 Claim Your Future Showcase—February 7 BDB 2nd Quarter Upper Level Breakfast—February 16 National Engineers Week Honors & Awards Banquet—February 23 2017 Education Forecast—March 9 FAM Tour Reception and Dinner—March 19 FAM Tour County Bus Tour—March 30 FAM Tour Breakfast—March 31 BDB Coffee Talk—April 5 PBC Internship Expo—April 13 Biannual Academic Leaders Council—April 18 BDB Economic Development Forum—April 20 Annual Golf Tournament—May 12 Upper Level Project Beach Ball Luncheon—May 23 Upper Level Brunch—June 29 BDB Coffee Talk—July 20 BDB Raise Your Glass—July 20 BDB Brightline Reception—August 3 BDB Coffee Talk—August 9 Upper Level Reception—August 17 Realtor Round Table (Moved to Oct. due to Irma)—September 13 4th Quarter Luncheon—September 28 Annual Gala (Rescheduled due to Irma)—October 20
Marketing
Palm Beach County New Interactive Blog
47,639 visitors to BDB.org
60+ Stories Featured in the Media
10,000 + Social Media Followers
Brochures
Over 25 videos produced
Publications
2017-18 Profile Magazine
Quarterly PBC Business Magazine
Five Microsites
New Ad Campaign The BDB has developed a new six month advertisement campaign targeting CEOs in the northeast. The ads showcase Life Sciences, A/A/E, Business/Financial Services, and Manufacturing.
The ads appeared in Quest magazine with a circulation of 84,000 and Greenwich magazine with a circulation over 60,000. Both publications reach high net worth households and provide value-added advantages including editorials and digital components.
2016-2017 Board of Directors
Executive Committee Gina Melby, BDB Chair - CEO, JFK Medical Center/HCA Palm Beach Hospitals Ben Boynton, BDB Vice Chair - President, Boynton Financial Group, Inc. Carey O’Donnell, BDB Treasurer - President, O’Donnell Agency Ken Kahn, BDB Secretary - President, LRP Publications Fab Brumley - Business Banking SE Regional Exec. & Market President, Bank of America Ray Celedinas, BDB Past Chair - Celedinas Insurance Group, A Marsh & McLennan Agency LLC Frank Compiani - Office Managing Partner, RSM US LLP Walker Duvall - Sr. VP Commercial Banking Group, Wells Fargo George Elmore, BDB Chair Emeritus - President, Hardrives, Inc. Don Kiselewski - Sr. Director, External Affairs, Florida Power and Light Vice Mayor Melissa McKinlay- Palm Beach County Board of County Commissioners, District 6 Harvey Oyer - Partner, Shutts & Bowen LLP Val Perez - Market President, Retail South Florida , TD Bank Kelly Smallridge - President & CEO, Business Development Board
Directors Commissioner Andy Amoroso - City of Lake Worth (Rep. Commissioner Kerner) Mark Bellissimo - CEO, Equestrian Sport Productions Bill Berger - Managing Shareholder, Greenspoon Marder, P.A. Richard Bernstein - CEO, Richard S. Bernstein Insurance Group, Inc. Marty Cass - Tax Partner, BDO Bobby D’Angelo - Vice President, Compson Associates, Inc. Earnie Ellison - Ellison Consulting Group (Rep. Black Chamber of Commerce) Dr. Jean Enright - Port Commissioner (Rep. Port of Palm Beach) Pepe Fanjul. Jr. - Executive Vice President, Florida Crystals John Flanigan - Shareholder, Haile, Shaw & Pfaffenberger (Rep. Economic Council) Sandie Foland - CEO, Baron Sign Manufacturing (Rep. Commissioner Valeche) Frank Gonzalez - Attorney, Gonzalez, Shenkman & Buckstein, P.L. (Rep. Central PBC Chamber of Commerce) Don Hearing - Owner & Vice President, Cotleur & Hearing, Inc.(Rep. NPB County Chamber of Commerce) Patricia Lebow - Managing Partner, Broad & Cassel Gary Lesser - Managing Partner, Lesser, Lesser, Landy & Smith, PLLC (Rep. Economic Council) Brendan Lynch - Corporate Treasurer, Plastridge Insurance Jim Maus - Executive Director, Aerojet Rocketdyne Neil Merin - Chairman, NAI Merin Hunter Codman, Inc. (Rep. Economic Council) James Nugent - Sr. Lending Officer - PB Community Bank (Rep. Boynton Beach Chamber of Commerce) Mike O’Neill - Manager, Systems Engineering & Validation & Test, Pratt & Whitney Richard Ryles - Rosenthal, Levy, Simon and Ryles (Rep. Commissioner Bernard) Constance Scott - Director of Local Relations, Florida Atlantic University (Rep. Commissioner Abrams) Brian Seymour - Attorney Real Property Practice, Gunster Bob Tucker - Director, Public Relations, ADT (Rep. Boca Raton Chamber of Commerce) Lee Waring - Seaside National Bank (Rep. Commissioner Berger)
Ex-Officio Dr. Robert Avossa, Ph.D. - Superintendent, Palm Beach County School District Steve Craig - CEO, CareerSource PBC Dr. John Kelly, Ph.D. - President, Florida Atlantic University Wendy Sartory Link - Managing Partner, Ackerman, Link & Sartory (Rep. Economic Council) Ava Parker - President, Palm Beach State College