Palm Beach County Business Magazine (Fall 2015)

Attracting Millennials | Tips for Entrepreneur Success | How Consultants See Florida

Fall 2015

A Quarterly Economic Development Publication

AEROSPACE/AVIATION

Update

Big Investments in Palm Beach County’s Aerospace/Aviation/Engineering Sector

New York Site Selectors Give High Marks to Florida

Tim Gannon Offers Tips for Success at BDB Entrepreneur Luncheon

Partnerships Benefit Economic Development: Working Together Toward Industry Development and Job Creation

Cool ‘WorkStyles’ for Millennials Employers who want the best talent need to appeal to the Millennials

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ON THE COVER Pratt & Whitney’s Horizontal Assembly Line Photo © United Technologies Corporation

CONTENTS

News & Events Keiser University Finalizes Northwood Acquisition Hedge Fund Opens In Palm Beach Sean Pittman Discusses Florida’s Political Landscape Relocations & Expansions BDB Adds Two New Economic Development VPs

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Welcome from the President TO OUR MEMBERS AND PARTNERS: Palm Beach County is an increasingly attractive location for Millennials launching their professional careers in fields like information technology (IT), life sciences, financial services and manufacturing. Today, we offer great employment opportunities plus an appealing lifestyle with plenty of recreational, cultural and social options. In this issue of Palm Beach County Business you’ll learn how forward-thinking employers are appealing to younger workers. Because building a strong connection to the Millennials is so important to our county’s future, our next issue will cover some of our many “cool workplaces.”

As the BDB’s 2014-15 fiscal year draws to a close, I’m pleased to report excellent progress in our mission to attract, expand and retain companies that offer high-wage jobs and bring new investment to Palm Beach County. I’m particularly excited about Passages Belle Glade, a holistic treatment facility for individuals battling with addiction and eating disorders, which is relocating in Palm Beach County.

One of our community’s most dynamic economic sectors is aviation/ aerospace/engineering (AAE). To help you stay up to speed on the latest developments we have included a feature on recent projects, acquisitions and other new ventures in this issue of our publication. You can also read about a recent Enterprise Florida Economic Development Mission to New York City to find out what consultants and site selectors think about Florida.

In closing, I would like to thank the Palm Beach County Board of Commissioners, as well as our sponsors, advertisers and other members for your ongoing support. We will continue to devote our time and effort to building a brighter future for everyone in Palm Beach County.

Kelly Smallridge President and CEO

Business Development Board of Palm Beach County, Inc. 310 Evernia Street | West Palm Beach, FL 33401 561.835.1008 | www.bdb.org Palm Beach County’s Economic Development Resource

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Publications & Media Corporation

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Big Investments in Palm Beach County’s

Aerospace/Aviation/ Engineering Sector

Pratt & Whitney pw1100g Engine on the horizontal assembly line

Two of the biggest companies in the global aerospace/ aviation/engineering sectors are making major investments in Palm Beach County. In July, United Technologies Corp. (UTC) announced that it will purchase 30 acres, create 380 jobs and make a capital investment of $115 million in the region with its new Center for Intelligent Buildings.

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The proposed 250,000-square-foot facility will serve as a “worldwide showcase” for UTC Building & Industrial Systems division’s technologies involving security, heating, refrigeration, ventilation, elevators and other innovations. The site is located on the Briger tract south of Florida Atlantic University’s Jupiter campus.

“This is one of the biggest economic development deals we’ve worked on in the past few years,” said Kelly Smallridge, president and CEO, Business Development Board of Palm Beach County.

Also in July, Lockheed Martin Corp. agreed to buy Sikorsky from UTC for $9 billion, a transaction expected to close in the first quarter

Top: Sikorsky’s MH-60R. Above: Lockheed Martin’s F-35 Lightning II

of 2016. The sale will allow UTC to focus on high-technology systems and the aerospace and building industries.

“Sikorsky’s acquisition by Lockheed Martin, one of the world’s leading aerospace and defense companies, will ensure it remains a technology leader at the forefront of vertical lift,” said UTC President and CEO Gregory Hayes. “We are committed to working closely with Lockheed Martin to execute a seamless transition for customers and employees.”

In the past few years, the U.S. aviation and aerospace markets have been in a growth mode, according to Cris Vigil, senior vice president, BRPH Architects. He co-chairs the Business Development Board’s

A/A/E Task Force with John Fischetti, general manager, Development Flight Center, Sikorsky Aircraft.

“The leading aerospace and aviation companies used the recession to expand their manufacturing, design and engineering centers,” said Vigil, whose company has been tracking the industry for more than 50 years. “ The result is a very positive impact on Palm Beach County.”

Vigil added that expansion of the A/A/E sector ripples through many sectors of the Palm Beach County economy. “It’s not just manufacturing and design companies that benefit,” he said. “The county is also a major hub for engineering firms and support services

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Three F-22 Raptors fly in formation Photo by: Liz Kaszynski

The Sikorsky S-76D

in this sector. Being able to maintain operations 365 days a year without being shut down or delayed by winter weather makes Palm Beach County an attractive location for small, mid-size and large companies.”

In June 2014, Gov. Rick Scott participated in a ribbon-cutting ceremony for Pratt & Whitney‘s 97,000-square-foot LEED Golddesignated production facility. “This state-of-the-art engine Assembly and Test Facility will play a key role supporting the production rampup of Pratt & Whitney’s next generation PurePower® PW1100G-JM commercial engine and F135 military engine,” said Paul Adams, president, Pratt & Whitney. The company is also creating 110 jobs for its military Auxiliary Power Unit (APU) business.

Another growing company is Aerojet Rocketdyne, which has a team of 400 highly educated engineers and technicians in Palm Beach County who are focused on designing, manufacturing and testing rocket engines and other propulsion products. “This is an exciting time for our business and we are happy to be a part of the larger aerospace community that is growing in Palm Beach County,” said Aerojet Rocketdyne West Palm Beach Executive Director Jim Maus.

In July, an RL10C-1 engine, manufactured at Aerojet Rocketdyne’s West Palm Beach facility helped propel another in the series of Global

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Cris Vigil

Positioning Systems (GPS) IIF military navigation satellites into orbit from Cape Canaveral Air Force Station. After the United Launch Alliance (ULA) Atlas V rocket lifted off the pad and the Centaur upper stage separated from the launch vehicle, a single RL10C-1 engine ignited to place the payload into orbit. The RL10C-1 engine delivered 22,890 pounds of thrust to power the upper stage, using cryogenic liquid hydrogen and liquid oxygen propellants.

For many years, Lockheed Martin’s Mission Systems and Training business has produced advanced undersea systems, ranging from manned submersibles to unmanned remotely operated vehicles to autonomous vehicles from its facilities in West Palm Beach and Riviera Beach.

Now, Lockheed Martin will have a greatly expanded presence here when the acquisition of Sikorsky is finalized. Currently, Sikorsky employs about 1,200 people on its 6,800-acre campus in northern Palm Beach County. Sikorsky is developing and testing its new S-97 RAIDER™, an armed helicopter designed to meet U.S. Army reconnaissance and special operations, at its Development Flight Center.

Smallridge noted that Sikorsky and Lockheed have made longterm investments in Palm Beach County. “We don’t expect any negative impact from the acquisition,” she said.

New York Site Selectors

Give High Marks to

Florida

New York site selectors and consultants think highly of Florida, according to participants in a recent Enterprise Florida, Inc. (EFI) economic development mission.

“Today, states are not just competing for new projects with each other, but also globally,” said Shawn Rowan, vice president, Business Retention & Expansion, Business Development Board of Palm Beach County, Inc. “The New York consultants said Florida is in a unique competitive position, because of its proximity to and interactions with Latin America.”

Rowan was a member of EFI’s Team Florida New York consultant trip on August 4-5. “The consultants kept their feedback and comments to Florida in general, and did not speak about specific communities or counties,” Rowan said. “However, they gave us some very good feedback about our state, as well as recent trends in corporate expansions and relocations. For instance, the consultants now have more projects on the east coast of Florida than any other region.”

The New York consultants are seeing more and more CEOs wanting to be in “cool, hip places” that are good for families as well as their workforce, Rowan said. “Florida is gaining a better reputation, but there is definitely room for improvement,” he added.

Another trend is that most of the site selection activity for the Southeastern U.S. involves expansions rather than relocations. Most recent projects involve manufacturing in areas like aviation/aerospace and information technologies. For example, there has been an increase

in the construction and expansion of data centers. “In general, R&D facilities are expanding now, rather than relocating,” Rowan said.

“Consultants also reported that private equity firms are consolidating the operations of similar types of companies within their portfolios,” he added.

Looking at Florida and its competition, the consultants made the following points: Florida is highly attractive to companies in many sectors.

While competing states may offer larger incentive packages, Florida does a good job at trying to close the gap.

Florida’s training grant programs are a definite plus.

Florida economic development groups respond quickly to requests from consultants and provide good customer service.

It’s important for Florida municipalities to provide permitting and zoning assistance.

Florida’s presence at large industry trade shows has been noticed, particularly the recent international air shows in Paris and Farnborough. “Companies notice which communities in Florida attend these shows, and that ‘short list’ affects their decisions,” said Rowan.

In general, the two most important factors affecting relocation and expansion decisions continue to be availability of a high-skill workforce and a quality of life that appeals to that workforce. “Again, there is a growing emphasis on the needs and values of the Millennials,” Rowan said.

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News Events Keiser University Finalizes Northwood Acquisition Keiser University has established its flagship campus in Florida with the finalization of its acquisition of Northwood University’s West Palm Beach campus on July 1, 2015. The campus at 2600 North Military Trail in West Palm Beach is Keiser University’s second West Palm Beach location, with an existing campus located on Vista Parkway. The acquisition was made possible in part through a benefactor’s $10 million donation, ensuring that current students at the West Palm Beach campus of Northwood University will complete their education in an effective and seamless manner as Keiser University students.

When the acquisition plan was announced this past March, Dr. Arthur Keiser, Chancellor and CEO, stated, “We are committed to continuing to provide students with opportunities to develop the knowledge, understanding, and talent needed to compete globally and achieve their dreams. This agreement will allow our regionallyaccredited, not-for-profit university to meet our goal to provide students with a residential, traditional, educational experience in West Palm Beach, Florida.”

“At the new location, Keiser University has begun expanding degree offerings at the undergraduate and graduate levels,” Keiser added. “Keiser University has always practiced a ‘students first’ philosophy as it helps prepare students for rewarding and meaningful careers, and we look forward to doing the same on our flagship campus.”

In August, Keiser University’s College of Golf and Sport Management in Port St. Lucie will relocate to 12 acres on the former Northwood University property as part of Keiser’s commitment to grow athletic programs, and invest in the development of future business leaders in the multi-billion dollar golf industry.

Earlier, Belinda Keiser, vice chancellor, announced a proposal to develop a new Center for Entrepreneurship, Leadership and Innovation. She said that it is intended to prepare graduates to start their own businesses and reach greater heights in their chosen professions.

Hedge Fund Opens In Palm Beach Tudor Investment Corp. recently announced it is opening a new office on Bankers Row in Palm Beach. Under the leadership of founder Paul Tudor Jones, the Connecticut-based hedge fund has $14 billion in assets under management, according to recent public figures. The 10,800-square-foot Palm Beach facility will be Tudor Investment’s 10th office worldwide.

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Sean Pittman Discusses Florida’s Political Landscape Sean Pittman has spent more than 20 years helping clients find their way in Florida’s changing political and regulatory landscape. “Today, it’s hard to talk about business without talking about politics,” said Pittman, attorney and CEO, Pittman Law Group. “If you want a state with a favorable business climate, you have to be involved.”

Pittman discussed about Florida’s contentious political climate at the Business Development Board’s Upper Level Breakfast on August 13 at the Marriott West Palm Beach.

Richard Bernstein, CEO, Richard S. Bernstein Insurance Group, introduced Pittman, his long-time friend, at the breakfast, which was sponsored by JP Morgan Chase.

“Florida still has one of the most favorable business climates in the U.S.,” Pittman said. “But we are losing several incentive and tax programs, and it’s clear that businesses need to pay attention to what’s going on in Tallahassee.”

A native of Riviera Beach, Pittman is a football fan who was recently named president-elect of the Orange Bowl Committee, the first Palm Beach County resident to hold that position. He also cited the importance of the Boca Bowl as a new contributor to the county’s visitor industry.

“We are a business friendly community,” he said. “But we cannot build a sustainable economy without an education system that is top of the line, robust arts and culture offerings and a community-wide plan for caring for the least among us.

Remember, we are only as strong as our weakest link.”

At the breakfast, Kelly Smallridge, BDB president and CEO, reported that 18 job-creating projects were completed in the first 11 months of the current fiscal year, resulting in 2,099 total jobs and $183 million in capital investment. “The top cluster for us was financial services, as we attracted a number of hedge funds and other firms,” she said.

Relocations & Expansions BDB Announces 225 new jobs for Belle Glade Passages Belle Glade, a holistic treatment facility for individuals battling addiction and eating disorders, will create approximately 225 new jobs when it opens in western Palm Beach County. The Business Development Board of Palm Beach County assisted the project, in cooperation with Enterprise Florida, Palm Beach County, and the City of Belle Glade.

Passages Belle Glade, the east coast presence of Passages Malibu, is being created by transforming the former 100,000-square-foot Glades General Hospital into a non 12-step center for those battling with addiction and eating disorders. It will also provide juvenile treatment.

Passages Malibu has earned JCAHO (Joint Commission on Accreditation of Healthcare Organizations) accreditation, only given to the top 6 percent of the nation’s behavioral health treatment programs.

“This project is an exceptional example of the good that can be achieved by working together for a common cause,” said Chris Prentiss, co-owner of Passages Belle Glade. The facility at 1201 S. Main Street is scheduled to open in spring 2016.

Passages Belle Glade received a $350,000 Brownfields Redevelopment incentive from the State of Florida. A Brownfields Redevelopment incentive awards a tax refund to companies that choose to occupy previously used structures, particularly in economically disadvantaged areas. The BDB assisted the company through the incentive process with the State of Florida and introduced it to CareerSource Palm Beach County for help with staffing needs.

“Three years ago, the BDB entered into a formal contractual relationship with the Lake Okeechobee Regional Economic Alliance (LORE) to create a solid strategic plan for creating jobs,” said Kelly Smallridge, BDB president and CEO. “This included dedicating a fulltime BDB employee to the Glades to focus on recruitment, retention and expansion.

We are starting to see great progress and will continue to market the area aggressively.”

Avid Technology Expanding to Boca Raton Avid Technology, a provider of audio and video technology for the media and entertainment industry, will relocate its North American administrative headquarters to Boca Raton. The relocation and expansion is planned to take place over the next three years, ultimately creating 100 jobs and $2.6 million in capital investment.

“Avid considered national and international locations for this expansion and we’re excited to announce that they selected Florida,” said Governor Rick Scott, who announced the decision in July.

With a 25-year heritage of innovation and leadership, Avid helps organizations and professionals succeed in the highly competitive and rapidly changing media technology industry. Customers from the largest media organizations in the world, small and medium-sized studios and facilities, and individual audio and video artists use Avid solutions to create, distribute and monetize the most prestigious and award-winning films, videos, music recordings, TV shows, live concerts and news broadcasts.

“The Avid team is delighted to be joining Boca Raton’s long heritage of innovation that began as the site where the first IBM personal computer was developed and continues strong today,” said John Frederick, Avid’s executive vice president, chief financial officer and chief administrative officer.

“Establishing this hub for our critical administrative functions in Boca Raton gives Avid access to one of the top growing talent pools in the U.S. and serves as a gateway location to our Latin American customers,” he added. “We look forward to contributing to the Palm Beach County job economy with this expansion and becoming part of the community.”

BDB Adds Two New Economic Development VPs The Business Development Board of Palm Beach County is pleased to announce two recent additions to its professional team to help meet the influx of economic development growth opportunities in Palm Beach County. Brian Cartland has returned as Vice President of Business Recruitment and Shereena Dann has joined as Vice President of Business Retention and Expansion.

Cartland brings more than 20 years of experience in economic development. He has served both urban and rural communities throughout Florida, and has experience working projects ranging from major relocations and expansions to small, start-up businesses. Having personally helped launch new businesses in the healthcare and real estate industries, he also brings valuable entrepreneurial experience to the team.

Dann will be responsible for outreach and interaction with companies within targeted industry sectors, consultants, and other

community partners through business retention visits, industry specific trade organization meetings, and community meetings.

Prior to working for the BDB, Dann was employed by Enterprise Florida, Inc. as a relationship manager for the state’s economic development offices for all 67 counties. She brings an extensive knowledge of relationship management, finance, and economic development to the organization.

“We’re delighted to welcome Brian back to the BDB and Shereena aboard during this exciting period of growth taking place in Palm Beach County,” said BDB President and CEO Kelly Smallridge. “Their respective experience in various economic development roles will help the BDB further its mission to stimulate economic energy, promote business diversity and enrich the vitality of Palm Beach County through the relocation, retention and expansion of companies to our area.”

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Tim Gannon

Offers Tips for Success at BDB Entrepreneur Luncheon

Tim Gannon has made a remarkable journey from working as a teenage parking lot attendant to co-founding the Outback Steakhouse chain and becoming one of Florida’s most successful entrepreneurs. “If you have a dream, create a plan and try hard enough, you’ll get to your goal,” Gannon told attendees at the Business Development Board’s June 25 Entrepreneur Luncheon at the Palm Beach County Convention Center.

The event also gave three young entrepreneurs a chance to tell the stories of their startups to the business leaders in attendance. Max Cacchione, CEO of software company Rotation Manager, explained how his company provides online accreditation solutions for schools, hospitals and students.

Jan Bednar, CEO of Bedabox, a Boca Raton shipping company, credited Florida Atlantic University’s Tech Runway program for helping him launch an international shipping service.

Rebecca Zerbo, founder of Positive Pocket, said her company provides kids with cards that hold positive sayings and images to help them through negative experiences, such as being bullied.

Positive Pocket kits have already made an impact in other countries, Zerbo says, and she hopes her company can empower people worldwide.

As the keynote speaker, Gannon said he was an indifferent Fort Lauderdale high school student when he fell in love with the sport of polo. “I was the guy you would have voted least likely to succeed,” he said. But one summer Gannon was invited to visit El Paso, Texas, to spend a summer riding horses and learning the sport. “I headed west with my buddy with just a few dollars in my pocket,” he said. Once in Texas, Gannon asked the ranch owner how he could make enough money to become a polo player. “He told me I could marry into a rich family, excel in school to become a CEO or bring a new product to the market,” Gannon said.

Gannon chose the third course, and created the ‘Bloomin’ Onion,” which became the signature of the Outback Steakhouse.

“Today, I know more about onions than I ever expected,” he said.

“But to succeed as an entrepreneur, you need to find something special that only you know how to do well.”

But that’s just the start, Gannon added. “Along with knowing your product, you have to build a team,” he said. “Surround yourself with people who complement your skills. Understand your own weaknesses and turn them into strengths. Finally, get up early each day, work harder than anyone else, and do whatever it takes to be successful.”

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Partnerships Benefit Economic Development: Working Together Toward Industry Development and Job Creation

By Sherry Howard, Deputy Director Palm Beach County Department of Economic Sustainability When the Research Park at Florida Atlantic University decided that it was time to expand its range of services, they contacted the Palm Beach County Department of Economic Sustainability (DES). This led to a collaboration and partnership that resulted in a successful grant application to the U.S. Economic Development Administration (EDA) to determine the feasibility of establishing a science and research park in northern Palm Beach County. The $290,600 Regional Innovation Science and Research Development Grant awarded in May, 2015 will support a study to determine if there is demand for the products and services offered in the park; if there will be a need for additional resources; how best to spread the word about the new park; and a prospective timeline. If determined to be feasible, the park will provide “economically diverse, high-wage employment business development and growth, particularly in targeted industry clusters” which “is key to achieving economic sustainability,” said Andrew Duffell, President and CEO of the Research Park at Florida Atlantic University.

Hot on the heels of this EDA award, the City of Lake Worth was notified by EDA in August, 2015, that the City’s grant application for the Lake Worth Park of Commerce Infrastructure Improvements project was selected through EDA’s competitive application review process for further funding consideration. The grant application which was prepared and submitted by DES was awarded in the amount of $1,389,100 under the EDA’s Public Works program. Funding is subject to appropriations allocated to the EDA by the U.S. Congress for FY 2016.

The City is seeking to fully develop the 375 acre site into a fully operational business/industrial park. Its vision is for the Park of Commerce to become a vital center for light industry and a major employment center. This project satisfies the EDA’s investment priority of Collaborative Regional Innovation, as the project supports the development of a unique manufacturing cluster that builds on existing regional strengths. For many years, the City of Lake Worth and Palm Beach County recognized this favorable location for its economic potential, as it is adjacent to major transportation routes including I-95 and CSX rail, Palm Beach International Airport, Florida’s Turnpike, Port of Palm Beach and FEC railroad. The City and County are working together to resolve right-of-way and intersection challenges along Boutwell Road. However, funding for the myriad of other infrastructure improvements necessary for the park’s development remained elusive until this grant funding opportunity was realized.

According to Michael Bornstein, City Manager for the City of Lake Worth, “the biggest strategic alliance is with Palm Beach County – specifically the Department of Economic Sustainability. Without their expertise and guidance in grant writing along with the approval of the County Commissioners to make Palm Beach County a coapplicant for the EDA grant, the Park of Commerce proposal would not have been as competitive.”

For more information about the County’s Economic Development programs, contact Sherry at DES, (561) 233-3653.

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‘WorkStyles’ fo r

Millennials

Photo from Modernizing Medicine

Editor’s Note: This is the first of two parts focusing on Palm Beach County’s appeal to younger workers. The next issue will include a look at “cool workplaces” in the region.

A new generation is stepping into Palm Beach County’s workforce, and employers who want the best talent need to understand how to appeal to the Millennials.

“They are the future,” said John Duffy, CEO, 3Cinteractive in Boca Raton. “Our organizations need to understand their needs, respect them as individuals and help them launch successful careers. Those values should be embedded into the corporate culture.”

For Millennials, the big motivators include a sense of corporate purpose, financial security, and a healthy internal culture, according to several Palm Beach County executives who seek out talented young professionals. A well-designed, cool-looking office is also important (see next issue).

“Millennials feel they can work anywhere they choose,” said Daniel

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Cane, CEO, Modernizing Medicine, in Boca Raton. “They are attracted to companies that serve a larger purpose and have a culture of caring. In other worlds, they want an employer who is doing well by doing good.”

Carey O’Donnell, president, The O’Donnell Agency, in West Palm Beach, agrees. “Many Millennials are taking time off after college, using their ‘gap years’ for constructive volunteer work,” she said. “This is a generation that cares about people and causes.”

For O’Donnell and her team, education is a priority. She cochairs the Business Development Board’s Education Task Force and serves on the board of the Education Foundation of Palm Beach County. She also puts her commitment to learning into action within the agency.

“We believe in sharing our knowledge and success with those who can benefit from our help,” she said. After a national survey several years ago showed that Hispanics and African-Americans were vastly under represented in public relations, O’Donnell made a commitment to bring in five or six minority high school students as summer interns.

John Duffy, CEO, 3Cinteractive Photo from Modernizing Medicine

“We introduce them to the worlds of business and PR, taking them to client meetings and giving them meaningful assignments,” she said.

“We also help them build their speaking and writing skills, which will benefit them regardless of their choice of careers.”

At 3Cinteractive, Duffy has instilled a culture designed to help Millennials jump-start their professional careers. “As a team, we spend a great deal of time discussing how to help them be successful,” he said.

“I believe that creating competencies is one of the keys to a happy and engaged workforce. While compensation, job security and the physical environment are important, the ability to learn, to perform quality work and be recognized for success are even more important for workers of all ages.”

In keeping with that philosophy, Duffy says one of the ways he measures success is by looking at the next jobs his younger employees are offered. “As the founder and CEO, I wish we could keep all our people, but I also consider it a victory when someone we have trained and nurtured is offered a spectacular new job. That focus on personal career development is one reason young people are glad to work here.”

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Cool ‘WorkStyles’ for Millennials Left, a Modern Medicine race team.

Below, Dan Cane as "Captain Kirk" hosts a Halloween costume party.

As the CEO of an innovative medical technology company, Cane pays a great deal of attention to creating an exciting and healthy workplace. “We organize a lot of wellness activities, like sponsoring teams for 5k runs and other athletic events,” he said.

“We offer a large salad bar, along with a healthy set of snack options for employees, and caffeinated drinks. This generation doesn’t like junk food.”

Cane believes that Millennials also respond to Modernizing Medicine’s mission and values, which include offering employees paid time off to volunteer their services. Offering a family-friendly workplace is another aspect of the company’s culture. “We have outdoor barbecues and other family-oriented events,” Cane said. “We also take Halloween seriously here, as we decorate the office, get into costumes and bring in the kids to trick-or-treat at our company.”

Reflecting on the importance of the Millennial generation, Cane noted that Palm Beach County’s colleges and universities are graduating a growing stream of business, technology and healthcare professionals. “They bring new ideas and insights to our companies,” he said. “It is incredibly important for all of us to attract and retain that young talent.”

“Millennials overwhelmingly believe that business needs a reset in terms of paying as much attention to people and purpose as it does products and profit,” according to Deloitte’s 2015 Millennial Survey of 7,800 of tomorrow’s leaders from 29 countries. More than half (53 percent) aspire to become the leader or most senior executive within their current organization, but only 28 percent feel that their current organization is making full use of their skills.

“We introduce them to the worlds of business and PR, taking them to client meetings and giving them meaningful assignments,” – Carey O’Donnell, President, The O’Donnell Agency

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The Sunshine State presents a compelling case for enterprises across all industries. The third largest economy in the U.S., Florida boasts a talented workforce of 9.7 million, as well as robust job growth. The state is not only a key player in tourism, but in burgeoning industries like clean tech, life sciences, manufacturing, and more. Thanks to sunny skies, sandy beaches, and an affordable cost of living, Florida also affords residents an unmatchable quality of life that many businesses desire for their employees.

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For more information, contact our local partners at (561) 688-1600 or visit us online at bdo.com. © 2015 BDO USA, LLP. All rights reserved.

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