SIX MONTH UPDATE YOUR RETURN ON INVESTMENT 2017-18 FISCAL YEAR
We’re pleased to report that it’s been a successful six months of the 2017–2018 fiscal year for economic development in Palm Beach County. Upon review of this report, you will learn about several major initiatives that the Business Development Board has engaged in to create jobs and diversify Palm Beach County’s economy. Thank you for your
partnership and support of our economic development efforts.
Because of your investment, we were able to facilitate...
Relocation & Expansion Projects
New & Retained Jobs
900+ New social
New Capital Investment
Total Square Feet
Technical Assistance Services Provided to Existing PBC Companies
Visits to local companies within Palm Beach Countyâ€™s targeted industries
...just within the past six months.
CORPORATE RELOCATIONS AND EXPANSIONS AlphaZyme
Amrit Ocean Resort & Residences
West Palm Beach
Dos Primos Supermarket
Fieldpoint Private Wealth
Fowler Sheet Metal
West Palm Beach
Glades Formulating Corporation
KN Machine & Tools, Inc.
Matrix Private Capital
West Palm Beach
West Palm Beach
West Palm Beach
Setomatic Systems, Inc.
United Technologies Corporation
Palm Beach Gardens
Jupiter Riviera Beach
TOTAL: 954 New and Retained Jobs
KEY PROSPECTS IN THE PIPELINE Project Panther Project Zeus Project Sound Project Grover Project Sun Project Cane Project Saturn Project Enamel Project Shell Project Butter Project Hook Project Green Project Jasmine Project Salt Project Panther 2 Project Silver Project Iron
A/A/E 50 jobs Northern PBC A/A/E 215 jobs Northern PBC A/A/E 250 jobs Northern PBC Corporate HQ 160 jobs Jupiter Corporate HQ 20 jobs Boca Raton IT/Corporate HQ 124 jobs Northern PBC IT/Corporate HQ 33 jobs Boca Raton IT/Corporate HQ 205 jobs West Palm Beach IT/Corporate HQ 50 jobs Boca Raton IT/Corporate HQ 46 jobs Boca Raton Hospitality 10 jobs Belle Glade Life Sciences 15 jobs Mangonia Park Life Sciences 40 jobs Countywide Manufacturing 250 jobs Countywide Manufacturing 50 jobs Countywide Manufacturing 25 jobs Countywide Manufacturing 75 jobs Lake Worth
TOTAL POSSIBLE JOBS: 1,618
3 4 5 6 7 8 9
Team Florida World Rowing Championships September 29-October 2, Sarasota, FL Enterprise Floridaâ€™s Team Florida Fall 2017 (IAMC) event October 9, Richmond, VA Annual National Business Aviation Association Business Aviation Conference and Expo (NBAA-BACE) October 10-11, Las Vegas, NV Annual Aerospace Alliance Summit October 12-13, New Orleans, LA Japan External Trade Organization (JETRO) Florida Japan Aerospace Summit October 26, West Palm Beach, FL SEBIO November 14-17, North Carolina 2017 Area Development TS2 Site Selection Consultant Forum December 4-6, St. Petersburg, FL Enterprise Florida Team FL Daytona 500 Site Selection Consultant Event February 17-19, Daytona, FL Enterprise Florida Team Florida Site Consultant event March 22-23, Tampa, FL
BDB relocation and expansion experts attend outreach missions to market Palm Beach County as a premier business destination to companies looking to move to the area.
Creative Strategies that
Enhance Palm Beach Countyâ€™s
Shovel Ready Program The BDB's shovel ready program identifies all properties in this county that have a certain level of approvals that would allow a company to put a shovel in the ground in less than 12 months. This is a tool that is utilized when attracting corporate relocation and expansions to the area.
2018 Site Consultant FAM Tour Site location experts from across the country participated in the BDBâ€™s 2018 Palm Beach County Site Consultant Familiarization Program (FAM) on March 7-9. Annually, site selectors meet with public and private sector representatives, experience various Palm Beach County communities, and discover the many business assets here.
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.
Over 800 jobs from this initiative
WORKFORCE SKILLS GAP
ANALYSIS STUDY The BDB launched a comprehensive workforce study to analyze the areaâ€™s labor force, as part of its ongoing commitment to keep Palm Beach County a premier business destination. With support from JP Morgan Chase, the workforce assessment is supported and will be guided by a PBC Skills Team. The results of the survey will be publically released in June 2018.
NOT-FOR-PROFIT TO CONDUCT
ECONOMIC ANALYSIS AND RESEARCH The Business Development Board 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. 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. The new not-for-profit corporation was filed with the Florida Secretary of State on March 5, 2018. The Employer Identification Number is 32-0549892.
Life Sciences Robert Mino, BDB’s Vice President of Life Sciences, is working to grow Palm Beach County’s life sciences industry through collaboration, strategic partnerships, and enhanced access to capital. Robert joined the BDB in August 2017.
Life Sciences Advisory Council The Life Sciences Advisory Council continues to oversee the execution of the Palm Beach County Life Sciences Industry Action Plan developed in 2016. The Council oversees the implementation of the plan’s seven recommendations: 1. Develop a Life Sciences Leadership Group 2. Foster the Development of a Life Sciences “Aware Community” 3. Expand the “Behind the Gates” Program to Identify Industry‐Specific Investment Capital and to Bolster the C‐Suite Expertise Available for Palm Beach County and Regional Life Science Firms 4. Enhance Sector‐Focused Networking Efforts 5. Develop a Regional Definition & Identity 6. Enhance the Vertical Entrepreneurial Support Ecosystem 7. Partner with FAU, other Regional Universities and the Nonprofit Institutes to Catalyze Life Sciences Entrepreneurial Efforts
42 129 14 5 1
meetings with local companies to discuss life sciences funding meetings with life sciences stakeholders Active Leaders of the life sciences advisory council
industry-related networking events
Life sciences microsite dedicated to marketing the life sciences industry
Marketing and Branding CLAIM YOUR FUTURE SHOWASE On February 6, the third annual â€œClaim Your Future Showcaseâ€? provided over 500 students with the opportunity to meet local companies and learn about countless career opportunities available in Palm Beach County.
2,000 students have been inspired by this event.
ACADEMIC LEADERS COUNCIL The BDB has continued to convene the Academic Leaders Council, an initiative to strengthen business and education partnerships. The council is comprised of:
Presidents of PBC universities
PBC School District Superintendent
Connections Facilitated and a new county-wide virtual internship portal is currently in the works.
PALM BEACH COUNTY INTERNSHIP EXPO Within the past 12 months, the BDB and CareerSource PBC have organized three Palm Beach County Internship Expos, which connected local talent with local internships. Here are the numbers from this entire collaboration:
Colleges & Universities
internships showcased 200 Estimated
and hundreds of college students.
THE GLADES REGION OF PALM BEACH COUNTY SUCCESSES WITHIN THE PAST SIX MONTHS: Dos Primos Belle Glade—22 Jobs Glades Formulating Corporation Glades Region—9 Jobs Tellus Products Belle Glade—30 jobs
(total of 100 jobs within the past year)
TOTAL JOBS: 131
15 8 60
EXISTING COMPANIES VISITED TO PROVIDE ASSISTANCE
COMMUNITY OUTREACH MEETINGS ATTENDED
POINTS OF ASSISTANCE PROVIDED THROUGHOUT THE COMMUNITY
MARKETING THE NUMBERS
VISITORS TO BDB.ORG
WEBSITES TO PROMOTE PBC
TOTAL SOCIAL MEDIA FOLLOWERS
2018 PROFILE MAGAZINE
552 COMBINED ARTICLE POSTS
NEW AD CAMPAIGN The BDB has invested in an ad campaign targeting CEOs in the Northeast. The ads showcase Life Sciences, A/A/E, Business/ Financial Services, and Manufacturing clusters. The ads appear in New York, Connecticut, and New Jersey. The publications include Quest magazine with a circulation of 84,000, Greenwich magazine with a circulation over 60,000 and numerous digital ad placements. Both outlets reach high net worth households and provide value-added advantages including editorials and digital components.
DIGITAL ADS HAVE LANDED ON:
UPCOMING BDB EVENTS: BDB GOLF TOURNAMENT—MAY 11 BDB UPPER LEVEL BREAKFAST—MAY 31 BDB ENTREPEREUR LUNCHEON—JUNE 27 BDB UPPER LEVEL BREAKFAST—AUGUST 16 BDB COFFEE TALK—AUGUST 22 BDB 4TH QUARTER LUNCHEON—SEPTEMBER 13 BDB GALA—SEPTEMBER 29
Business Development Board of Palm Beach County 310 Evernia Street, West Palm Beach, FL 33401 www.bdb.org | 561.835.1008