BDB Cover(final)2008:Layout 1 9/28/07 1:36 PM Page 1 2007-2008 PALM BEACH COUNTY PROFILE 2007-2008 PALM BEACH COUNTY PROFILE
PALM BEACH COUNTY
BUSINESS DEVELOPMENT BOARD OF PALM BEACH COUNTY
2007/2008 BUSINESS ANNUAL BUSINESS DEVELOPMENT BOARD OF PALM BEACH COUNTY BUSINESS DEVELOPMENT BOARD OF PALM BEACH COUNTY Port of Palm Beach BDB 07:Layout 1 9/27/07 1:02 PM Page 1
The Economic Anchor of Our Community
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:PVS(BUFXBZUPUIF $BSJCCFBO BOE #FZPOE Winter Mgmt Corp BDB 07:Profile Ad 2006 9/27/07 1:03 PM Page 1 Phillips Point Join these business leaders with offices at Phillips Point: Banking and Trust Services •Harris Bank •Mercantile Bank Corporate Headquarters •Affiliated Managers Group •The Goodman Company •Innovative Communication Corporation •Scaife Family Foundation •SDA Enterprises •Woerner Holdings, Inc. Financial Services •Alliance Capital Management •Goldman Sachs •Morgan Stanley •Newbridge Financial •Northern Trust Investments •Rachlin Cohen & Holtz LLP •Smith Barney Inc. •Wealth & Tax Advisory Services Law Firms •Fowler-White Burnett P.A. •Greenberg Traurig •Gunster, Yoakley & Stewart •Kaye, Scholer, Fierman, Hays & Handler, LLP •Rutherford, Mulhall & Wargo •Sonnenschein Nath & Rosenthal •Squire Sanders & Dempsy On-Site Dining •The Governors Club •Morton’s of Chicago- The Steakhouse
Colonnade Properties For information, contact: (561) 833-7337 Banking and Finance Law • Business and Corporate Law • Business Litigation • Civil Appeals • Commercial and Complex Litigation Complex• Research and Development Ventures • Construction Litigation and Lien Law • Employment Law At Ward, Damon & Posner, we listen to our clients. We understand their Estate Planning• need for clear guidance in order to achieve their goals. We seek to protect • their interests, resolve their confl icts, and assist them in the development Immigration Law of strategies to accomplish their objectives. Intellectual• Property Law We counsel business owners on a variety of issues including buy/sell Licensing and •Technology Law agreements, manufacturing agreements, intellectual property, R&D joint Probate •Litigation venture agreements, private placements, mergers and acquisitions, business succession planning, immigration and employment law. We successfully Real Estate• Law • defend business clients in major litigation, handle the break-up of business Real Estate Brokerage Law relationships, defend employment claims, provide complex opinions to Real Estate• Litigation major lenders; and handle multi-million dollar loans, real estate developments, and acquisitions, representing lenders and borrowers. Title and Escrow• Services Wills, Trusts• and For more than twenty years, we have built our reputation on service, Probate Administration integrity, solid judgment, top-notch attorneys and a genuine dedication to our client’s needs.
Ward • Damon & Posner P.A.
4420 Beacon Circle • West Palm Beach, Florida 33407 Telephone: 561.842.3000 • Facsimile: 561.842.3626 www.warddamon.com
WWardard DDamonamon BBDBDB 007.indd7.indd 1 99/27/07/27/07 11:05:49:05:49 PMPM I'm a heart statistic. Last January, I was treated for an irregular heartbeat, at another hospital. They couldn't control it. Dr. Robert Fishel and the JFK electrophysiology team cured it. They treat over 2500 patients like me a year – most with no surgery. No place in Florida does more cases. 2500. If you have a heart issue, remember my number. It could change your life.
Call 1-800-848-9809. A nurse will help arrange an appointment.
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2007-2008 Profile Contents Departments Features
WELCOME LETTER A message from Kelly Smallridge, president of the 32 BDB CELEBRATES 13 Business Development of Palm Beach County 25TH ANNIVERSARY and George Elmore, chairman of the board Helping build a stronger economy and a brighter future ABOUT THE BDB 15 Services offered by the BDB —Palm Beach County’s business resource 36 KEY ECONOMIC CLUSTERS A look at nine leading industries FACTS & FIGURES 18 Palm Beach County demographics 50 BUSINESS EDUCATION NEW & NOTEWORTHY Advanced training for the county’s 21 A look at four relocation and growing workforce expansion projects
BOARD OF ADVISORS 54 WESTERN COMMUNITIES 26 Dedicated leaders of the business New projects in Belle Glade, Pahokee community and South Bay
BDB MEMBER SPOTLIGHT 31 Hodgson Russ LLP––one of the nation’s oldest law firms 58 STRENGTHENING INTERNATIONAL TIES MEMBERSHIP DIRECTORY The BDB targets the Canadian market 65 An industry specific directory of while building local business BDB members `
MEMBERSHIP QUICK LIST 62 EXECUTIVE LIFESTYLES 98 An alphabetical directory of BDB members Year-round recreation for business professionals
32 62 31 PROFILE BDB 5 NAI / Merin Hunter BDB 07:Layout 1 9/27/07 1:03 PM Page 1 NAI / Merin Hunter BDB 07:Layout 1 9/27/07 1:04 PM Page 2 08 BDB - Masthead.AL:Layout 1 9/27/07 3:16 PM Page 8
Palm Beach County’s Official Economic Development Organization
PARTNERS IN PROGRESS Palm Beach County Board of County Commissioners
BOARD OF ADVISOR MEMBERS AFLAC Akerman Senterfitt Alexandria Real Estate Equities, Inc. Anspach Effort, Inc Bank of America BIOMET 3i, Inc. Edwards Angell Palmer & Dodge LLP Flagler Real Estate Services, Inc. Florida Crystals Corporation Florida Power & Light Company Florida Trend Magazine Gunster, Yoakley & Stewart, P.A. Now there’s a place where Hedrick Brothers Construction Co., Inc. McGladrey Pullen Nova Southeastern University money does grow on trees. Palm Beach Aggregates, Inc. Now you can take care of business while taking better care of Plastridge Insurance Agency your employees and the environment. EcoPlex is the first multi-tenanted Pratt & Whitney Rocketdyne green* office building in Palm Beach County, Florida. Conveniently Regions Bank located at Centrepark West in West Palm Beach, this Class A SunTrust Bank Templeton & Company high-performance building provides energy savings of up to 20% Wachovia Bank, N.A. operational savings of up to 25% and through the use of energy-efficient Workforce Alliance, Inc. mechanical systems and cost effective conservation methods that create a healthier workplace for employees and the environment. CORPORATE MEMBERS With hurricane-resistant features, high-quality property management 1st United Bank services, on-site fitness center and four levels of covered parking, All-Ways Advertising Company EcoPlex is a naturally better environment that’s rooted in good business. Applefield Waxman, Inc. Aquila Property Company, Inc. Baron Sign Manufacturing For more information, BNY Mellon Wealth Management call 561-688-2530 or visit Broad and Cassel www.ecoplexfl.com CB Richard Ellis, Inc. Coldwell Banker Residential of Florida-Florida A Navarro Lowrey company Relocation Services Commerce Bank DoubleTree Hotel in the Gardens Florida Public Utilities Company Greenberg Traurig, P.A. Greenspoon Marder Hardrives, Inc. Hodgson Russ LLP JFK Medical Center Kailan International Consultants, Inc. Lockheed Martin Corporation LRP Publications Office Depot Foundation Palm Beach Gardens Marriott ProActive Training & Consulting RML Video Production Services Rutherford Mulhall, P.A. South Florida Business Journal *Certified by the U.S. Green Building Council. Oral representations cannot be relied upon as correctly stating the Sun-Sentinel representations of the developer. For correct representations, reference should be made to the documents required by section 718.503 Florida Statutes, to be furnished by a developer to a buyer or lessee. Specifications are subject Ward, Damon & Posner, P.A. to change without notice. Product features are subject to change without notice. All renderings artist's conceptions West Palm Beach Marriott and are not intended to be an exact depiction or to scale of either the possible building configurations.
8 BDB PROFILE THERE’S A SMARTER WAY TO CROSS.
When it comes to doing business across the U.S./Canada multistate, state, and local tax; business litigation; border, you need a clear, unified vision for both countries. employment and immigration; real estate and finance; That’s why Hodgson Russ LLP provides experienced U.S. and trusts and estates. U.S./Canada cross-border rep- legal representation that focuses on the unique needs of resentation is only one way we serve clients — we also LLP businesses with cross-border interests. Clients may benefit provide U.S. representation within the United States and ATTORNEYS from our breadth and depth in a range of essential areas, around the globe. With Hodgson Russ, borders don’t BORDERS DON’T HAVE TO BE BARRIERS. including corporate and securities; international, federal, have to be barriers. Experience the other side at www.hodgsonruss.com.. 1801 N. Military Trail + Suite 200 + Boca Raton, FL 33431 + 561.394.0500 + 450 Royal Palm Way + 6th Floor + Palm Beach, FL 33480 + 561.656.8608 The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience.
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Business Development Board of Palm Beach County 310 Evernia Street ,West Palm Beach, FL 33401 (561) 835-1008 www.bdb.org
Kelly Smallridge President (561) 835-1008, [email protected] Gary Hines Senior Vice President, Administration (561) 835-1008, ext. 4111, [email protected] Andrew Duffell Senior Vice President, Development (561) 835-1008, ext. 4131, [email protected] Becky Magaw Vice President, Business Development (561) 835-1008, ext. 4108, [email protected] Denise Jakows Vice President, Marketing (561) 835-1008, ext. 4124, [email protected] Lisa Anderson Vice President, Membership (561) 835-1008, ext. 4110, [email protected] Peggy Blackwood Assistant Vice President, Research (561) 835-1008, ext. 4103, [email protected]
Passport Publications & Media Corporation 1555 Palm Beach Lakes Blvd, Suite 1550, West Palm Beach, FL 33401 (561) 615-3900, ext. 19 www.PassportPublications.com
EDITORIAL Richard Westlund Editor Hillary Hunter Managing Editor Catherine Smith Associate Editor William Dugatkin Editorial Verification
ART & DESIGN Tomek Dziurzynski Art Director Angelo LoPresti Production Manager Michelle Schaad Assistant Production Manager
ADVERTISING Peter D. Greenberg Associate Publisher Simone A. Desiderio Director of Signature Publications Richard Wolff Director of Advertising Janice Lindstrom Senior Advertising Manager Rafal Szytula Advertising Manager Donna Mercenit Contract Administrator
PUBLISHER Robert S.C. Kirschner Publisher & President
Profile is published by Passport Publications & Media Corporation, on the behalf of the Business Development Board of Palm Beach County, Inc. All rights reserved. No part of this publication may be reproduced without the expressed written consent of the Business Development Board and the publisher. © 2007-2008 Passport Publications & Media Corporation
10 BDB PROFILE .
New York Paris
Shanghai harness the power.
As a GLOBAL 100 law fi rm, Edwards Angell Palmer & Dodge offers a full array of legal service and world-class business experience nationally and internationally. Yet in spite of the advantages of size, we manage to practice law like a smaller fi rm: On site. Hands-on. Client-focused. In fact, we don’t see ourselves as being merely in the legal services business. We’re in the business of ensuring our clients’ professional and fi nancial success. More power to us? Not really. More power to you. eapdlaw.com Fort Lauderdale West Palm Beach 350 East Las Olas Boulevard, Suite 1150 One North Clematis Street, Suite 400 Fort Lauderdale, FL 33301 West Palm Beach, FL 33401 Tel 954.727.2600 • Fax 954.727.2601 Tel 561.833.7700 • Fax 561.655.8719
Boston • Ft. Lauderdale • Hartford • New York • Providence • Short Hills • Stamford • West Palm Beach • Wilmington • London (Representative Offi ce)
Attorney Advertising. The hiring of an attorney is an important decision that should not be based solely on advertisements. Prior results do not guarantee a similar outcome.
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Welcome from the President and Chairman of the Board
Since the days of real estate, railroad and oil magnate Henry Flagler, Palm Beach County has been a land of opportunity and promise for business tycoons, Kelly Smallridge and George Elmore entrepreneurs and those who just dare to dream big.
Now and for the last 25 years, the Business Aviation, DayJet will be the first to leverage stay. Overall, agriculture is a $1 billion indus- Development Board of Palm Beach County is these aircrafts to offer a new option in region- try, placing Palm Beach County No. 1 in the proud to be a catalyst and a valuable al business travel––per-seat, on-demand jet state for total production. The county leads resource for the business community. service to several cities throughout Florida. In the nation in the production of sugarcane and less than five years, DayJet is projected to fresh sweet corn. Nurseries and sod farms This issue of Profile showcases the diversity employ 350 people with average salaries in are other major segments in the agricultural of companies that call Palm Beach County excess of $77,000. sector. More than 17,000 people make their home. From international corporate giants living from the county’s agribusiness. such as Office Depot and Pratt & Whitney The county’s newest industry, the life Rocketdyne, to the entrepreneurial start-ups sciences, has taken off since the Another mainstay to our economy is the such as DayJet and Xcovery, this county pro- announcement of Scripps Florida in late creative industries sector, which contains a vides a hospitable environment for a myriad 2003. Since that time, Scripps scientists diverse group of attractions, hotels, of companies in several key industries. moved into temporary facilities on Florida entertainment providers, the film and televi- Atlantic University’s campus in Jupiter, and sion industry, and marketing consultants. In 2006, Office Depot broke ground on its construction began on Scripps’ 350,000- Recently ranked as one of the top 10 new facility in Boca Raton that will house its square-foot permanent facility that will be destination film festivals in the world, the corporate and Latin American headquar- ready for occupancy in 2009. Palm Beach International Film Festival draws ters. This Fortune 500, $15 billion per year luminaries from the entertainment industry to enterprise will have a new campus in 2008 In late 2006, the first spin-off from Scripps, Palm Beach County every year. that will consist of 625,000 square feet of Xcovery, began operations in Palm Beach space and the ability to accommodate County with biotech industry veteran For 25 years, the Business Development 2,500 employees. Office Depot is a prime Sheridan “Sherry” Snyder and Dr. Chris Board of Palm Beach County has assisted example of the trend in corporations choos- Liang, director of medicinal chemistry at companies looking to relocate their business- ing Palm Beach County for their headquar- Scripps Florida, at the helm. The success of es here, and we’ve helped companies who ters operations. Scripps Florida, Xcovery and many other life started here grow and expand their opera- sciences companies in the county are a tions in the county. Business executives are Another trend in the growth of Palm Beach positive indicator that this industry is thriving drawn to the area for a variety of reasons—a County’s economy is the continued develop- in Palm Beach County. skilled and diverse workforce, strong trans- ment of the aviation/aerospace/engineering portation and communications infrastruc- sector. Entrepreneur and former IBM and In the 25 years since the Business tures, educational opportunities and, most of Citrix executive, Ed Iacobucci, chose Palm Development Board was founded, Palm all, a quality of life that is second to none. Beach County as the headquarters for his lat- Beach County’s economy has evolved and est venture, DayJet. With a fleet of new E500 diversified; however, it still counts one of its Palm Beach County is The Best of very light jets manufactured by Eclipse original industries—agriculture—as a main- Everything.®
Sincerely,
George Elmore Kelly Smallridge Chairman of the Board President and CEO 2007 - 2008 BUSINESS ANNUAL Photo by: Michael Price PROFILE BDB 13 Clematis StreetCourthouse 1916 Flagler,s Railway Barefoot Mailman
HISTORY IN THE MAKING
At Gunster Yoakley, our history is a part of who we are. Since 1925, we have been focused on the legal needs of our South Florida community. Our founders’ optimism, vision and leadership shaped our firm creating a solid foundation for growth. Today, we continue this practice, helping our clients navigate complex legal issues and protect and defend their legal rights. Whether you have sophisticated estate planning needs, are buying or selling real estate, involved in complex litigation, or are trying to start or build a business, our attorneys are here to listen and counsel you. Our mission for the last 80 years has been simple: Providing sound counsel and establishing personal relationships with our clients is our top priority. We invite you to become part of our history in the making. GunsterYoakley ATTORNEYS AT LAW ® Celebrating 80 years
Contact: David G. Bates, Esq. or Michael V. Mitrione, Esq. 777 South Flagler Dr. • West Palm Beach, FL 33401 • (561) 655-1980 • www.gunster.com
WEST PALM BEACH • PALM BEACH • FORT LAUDERDALE • MIAMI • STUART • VERO BEACH
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THE BDB PROVIDES many services – free of charge – to prospects looking at the county as a place to do business, and to companies that are already here and want to expand their operations. Those services include: Palm Beach County’s Business Resource
THE MISSION Site descriptions about available industrial buildings, land and office space. The mission of the Business Development Board (BDB) is to stimulate economic energy, promote business diversity and enrich Site tours personally conducted by the BDB’s business recruitment and expansion staff. the vitality of Palm Beach County through the relocation, retention and expansion of companies to our area. Access to financial incentives offered by the county and state.
Although autonomous, the BDB works closely with the county Utility, communication and transportation services and rates. commission and county staff, Enterprise Florida, chambers of commerce, business organizations, Community Redevelopment Information on zoning, permitting and Agencies, Downtown Development Authorities and municipalities to governmental processes.
achieve economic development goals in the areas of business Demographics and labor market information. recruitment, retention, expansion, job creation, workforce development, infrastructure and availability of capital. Access to training programs.
Working with Enterprise Florida for state Founded in 1982 by several Chambers of Commerce, the Economic grants and/or other assistance.
Council and other business leaders, the Business Development Introductions to state and local leaders in Board is a private, not-for-profit corporation designated by the state business and government. and county as Palm Beach County’s public-private economic Introductions to banks, law firms, employment development organization. agencies, accounting firms and all other appropriate suppliers.
The BDB is charged with bringing new, job-generating investments Technical presentations tailored to a to the community, while assisting existing businesses in their efforts company’s specific location requirements. to expand. Review of available housing and housing costs. The BDB’s economic development programs and services are Presentations regarding cost of living, trans- partially funded through an annual contract with the Palm Beach portation, housing, recreation and the arts. County Board of County Commissioners. Additional funds are Coordination with county and municipal raised from private industry through membership dues and governments. events. The BDB operates on a fiscal year of October 1 through September 30.
2007 - 2008 BUSINESS ANNUAL
PROFILE BDB 15 aboutBDB.AL:Layout 1 9/28/07 9:02 AM Page 2
Business Development Photo by David R. Randell Board
BOARD OF DIRECTORS 2006-2007 From L to R - Front Row: Armando Tabernilla, Kelly Smallridge, Charlie Rutherford, and Bud Osborne; Back Row: George Elmore and Ken Kahn.
Ken Adams Ken Kahn, Treasurer Floyd Nichols Representative for Commissioner North Palm Beach County Representative for Commissioner Jess Santamaria Chamber of Commerce Karen Marcus
Peter Applefield Don Kiselewski Paul Nunnally Applefield/Waxman, Inc. Florida Power & Light Black Chamber of Commerce of Palm Beach County Gaby Kressly Elaine Beers Management Consultants Bud Osborne, Vice Chair Anspach Companies, Inc. Economic Council of Palm Beach County Valerie Larcombe Jeff Castner Akerman Senterfitt Francisco Perez-Azua Jupiter/Tequesta/Juno Beach The Greater Delray Beach Chamber of Commerce Patricia Lebow Chamber of Commerce Representative for Commissioner Don DeWoody Mary McCarty Charles Rutherford, Past Chair Chamber of Commerce of the Palm Beaches The Greater Boca Raton Dr. Thomas Lipin Chamber of Commerce George Elmore, Chairman Jupiter Medical Center Economic Council of Palm Beach County Rudy Schupp Brendan Lynch 1st United Bank Greater Lake Worth Chamber of Commerce Lee Fossett Express Personnel Services George Mastics Michael Sexton Port of Palm Beach Palms West Chamber of Commerce Lou Frazer The Greater Boynton Beach Donald Mathis Ned Shandloff Chamber of Commerce Representative for Commissioner Jeff Koons Economic Council of Palm Beach County
Commissioner Addie Greene Pete Martinez Kathy Skipper Palm Beach County IBM Corporation Sun-Sentinel Board of County Commissioners Gina Melby Armando Tabernilla, Secretary JFK Medical Center Florida Crystals Corporation Emmett Gumm Representative for Commissioner Dennis Mills Tom Weber Burt Aaronson Pratt & Whitney Aquila Property Company, Inc.
Dale Hedrick Roy Mouton Steve Weeks Hedrick Brothers Construction Co., Inc. Kailan International Consultants, Inc. Belle Glade Chamber of Commerce
Ex-Officios
Frank Compiani Dennis Gallon, Ph.D. Kathryn Schmidt McGladrey Pullen Palm Beach Community College Workforce Alliance, Inc. Rod Macon Economic Council of Palm Beach County
2007 - 2008 BUSINESS ANNUAL
16 BDB PROFILE Drive around Palm Beach, and you’ll see a bank branch on almost every major street corner. The fact is – there are more than 50 bank Combining the power brands in Palm Beach. That can make choosing a bank confusing. Some businesses look for the conveniences of a big bank while of a national bank others value the personal service of a community bank. Regions Bank offers the best of both worlds – the benefits of one of the Top with the customer focus 10 bank holding companies in the country, with the leadership of a local bank where an area president and credit review team make of a community bank decisions on loan approvals and pricing. Decision making right in your own back yard is important, especially if your business is unique and impacted by the dynamics of the local economy. From short-term working capital to long-term revolving credits, financing is tailored to meet the needs of each individual customer. The credit process starts with understanding the goals and vision of the business.
Recognized as one of the nation’s most small-business friendly banks, Regions has the right delivery channels and suite of products to service the needs of busi- nesses, regardless of size or industry. A deep array of products allows Regions to support the growth diversification and expansion of businesses. At Regions, business customers have the advantage of working with a banker that is experienced in matching the right financial solutions to the needs of the customer.
Val Perez heads Regions Bank as City These seasoned bankers serve as the single point of contact to President for Palm Beach. His team of connect business customers with personal and investment financ- bankers works and lives in Palm Beach ing too. Whether it’s purchasing a home, investing in commercial County. They have the local knowledge of the property or managing a family portfolio, Regions has the special- community, as well as the understanding of ized financial experts to service almost any need. The benefit is the challenges and opportunities of doing accessing these experts through a banker who already under- business in Palm Beach. stands you and your business. There’s no need to start over – once you’re a Regions customer everyone in the organization has a From left – Tom Thureson (Commercial vested interest in servicing your relationship. Middle Market), Patricia Carroll (Consumer Banking), Val Perez (City President), Kaela Regions recently headquartered its private banking operation for Lerner (Business Banking), and Stephen the Palm Beach, Broward and Miami markets in West Palm Beach. Miller (Private Banking) Each market is staffed with a team of seasoned financial advisors under the direction of Palm Beach City President Val Perez. As with all of Regions’ business units, the private bankers are in close proximity to their customers.
Banking at Regions is about expecting more – more attention and more personal service. We are more committed to your financial success than any other bank in town.
© 2007 Regions Bank. Member FDIC. Regions is a registered service mark EQUAL HOUSING LENDER of Regions Asset Company and is used under license.
RRegionsegions BBankank BBDBDB 007.indd7.indd 1 99/28/07/28/07 99:03:57:03:57 AMAM FiguresFacts &
POPULATION LABOR FORCE (2006 avg.) April 1, 2006 (Estimate) 1,287,987 Labor Force 631,038 April 1, 2000 (Census) 1,131,191 Employment 608,515 Unemployment 22,523 Rate 3.6% POPULATION PROJECTIONS 2010 1,417,323 MEETING FACILITIES 2015 1,556,078 MEETING FACILITIES 2030 1,912,380 Hotels 75 11,112 rooms Motels 143 5,703 rooms Convention Center 350,000 s/f MEDICAL
Hospitals 16 FINANCIAL Physicians 4,201 Dentists 931 Banks 49 Branch banking offices 333 Deposits $37,193 (mill) HOUSING Total housing units 619,427 ECONOMIC Occupied housing units 513,556 Vacant housing units 105,871 County Average Wage $40,464 Homeowner vacancy rate 1.6 Median family income $57,677 Rental vacancy rate 6.8 Per capita income $30,440 Average household size 2.43 Median earnings for male full-time, year-round workers $41,049 Median earnings for female SOURCES: • Agency for Workforce Innovation, Annual Average Wage data ES202 2005 full-time, year-round workers $33,948 • American Community Survey 2005 • Demographic Estimating Conference Database, updated July 2006
18 BDB PROFILE LEADING SERVICE PRODUCING EMPLOYERS SELECTED GOODS PRODUCING EMPLOYERS Service companies Palm BeachCounty of the major service oriented employersof themajorservice inPalm BeachCounty. and financialservices. This cluster represents more than6,000companies. Below isalistofjustfew producing oftheeconomy, sector theservices In astrong cluster ofcompanies isfound inbusiness roughly 40,988companies inPalm BeachCountyandservices. thatsupplyproducts both publicandprivate, thearea's large andsmall, residents support andbusinesses. There are companies thathave chosenPalm BeachCounty asabusinesslocation. sold intheinternational market. Below isalistofsomethequality Many industrialemployers ofthecounty's are competing onaworldwide basiswithproducts andmedicalpharmaceutical products. business andfinancialservices; aerospacetions andinformation andengineering; technology; agriculture andfood processing; of producers, clusters. there industry are distinct The mostprevalent are: inthecounty communica- industry. hasavariety Althoughthecounty to support ability county's intheworld.boasts someofthefinestmanufacturers Their presence isastrong indicationofthe B op 60 lcrnc & BocaRaton BocaRaton ElectronicsR&D RivieraBeach Jupiter 600 PBGardens PBXSystems BelleGlade SecuritySystemManufacturing Food Distribution West Palm 650 698 782 West Palm West Palm Construction Aerospace Engineering BocaRaton BelleGlade IBM Corp. BelleGlade Agriculture Siemens Companies West Palm 925 ConcreteContractors 850 SimplexGrinnell LP 1,000 Cheney Brothers Home Furnishings Agriculture 1,200 Pratt & NewspaperPublishing Whitney Rocketdyne DiVosta BuildingCorp. Agriculture Agriculture 1,200 Thomas ProduceCo. 2,000 1,275 Southland Forming Inc 1,500 2,100 Hollander HomeFashions Palm BeachNewspapers A. Duda&SonsGrowers Florida Crystals U.S. SugarCorp. C C uie eia etr ,0 Hat ae Jupiter Boynton Palm Beach Delray BocaRaton Health Care West Palm BocaRaton BocaRaton 1,400 HealthCare Office Supplies Hotel Juno HealthCare 1,604 City Government Raton Boca 1,750 1,800 CityGovernment County Wide Jupiter MedicalCenter County Wide 1,700 Bethesda Memorial Hospital 1,784 1,880 Boca RatonCommunityHospital County Wide Hotel West Palm Education Higher Office Depot(Hdqtrs) City of West Palm Beach 2,200 Health Care The Breakers 2,825 Utilities Education County Government City ofBocaRaton 4,794 HealthCare Boca RatonResort&Club 2,850 University Florida Atlantic 21,616 6,594 Florida Power &Light(Hdqtrs) 5,200 Tenet HealthcareCorp. Columbia PBHealthcareSys. Palm BeachCounty School Board companies thathave chosenPalm BeachCounty asabusinesslocation. sold intheinternational market.Below isalistofsomethequality Many industrial employers ofthecounty's are competing onaworldwide basiswithproducts andmedicalpharmaceutical products. business andfinancialservices; aerospacetions andinformation andengineering; technology; agriculture andfood processing; of producers, clusters. there industry are distinct The mostprevalent are: inthecounty communica- industry. hasavariety Althoughthecounty to support ability county's intheworld.boasts someofthefinestmanufacturers Their presence isastrong indicationofthe B op 60 lcrnc & BocaRaton BocaRaton ElectronicsR&D RivieraBeach Jupiter 600 PBGardens PBXSystems BelleGlade SecuritySystem Manufacturing Food Distribution West Palm 650 698 782 West Palm West Palm Construction Aerospace Engineering BocaRaton BelleGlade IBM Corp. BelleGlade Agriculture Siemens Companies West Palm 925 ConcreteContractors 850 SimplexGrinnell LP 1,000 Cheney Brothers HomeFurnishings Agriculture 1,200 Pratt & NewspaperPublishing Whitney Rocketdyne DiVosta BuildingCorp. Agriculture Agriculture 1,200 Thomas ProduceCo. 2,000 1,275 Southland Forming Inc 1,500 2,100 Hollander HomeFashions Palm BeachNewspapers A. Duda&SonsGrowers Florida Crystals U.S. SugarCorp. C C uie eia etr ,0 Hat ae Jupiter Boynton Palm Beach Delray BocaRaton Health Care West Palm BocaRaton BocaRaton 1,400 HealthCare Office Supplies Hotel Juno HealthCare 1,604 City Government Raton Boca 1,750 1,800 CityGovernment County Wide Jupiter MedicalCenter County Wide 1,700 Bethesda Memorial Hospital 1,784 1,880 Boca RatonCommunityHospital County Wide Hotel West Palm Education Higher Office Depot(Hdqtrs) City of West Palm Beach 2,200 Health Care The Breakers 2,825 Utilities Education County Government City ofBocaRaton 4,794 HealthCare Boca RatonResort&Club 2,850 University Florida Atlantic 21,616 6,594 Florida Power &Light(Hdqtrs) 5,200 Tenet HealthcareCorp. Columbia PBHealthcareSys. Palm BeachCounty School Board MAY PRODU OMPANY MAY PRODU OMPANY MAY PRODU OMPANY PRODU OMPANY EMPLOYEES APPROX. EMPLOYEES APPROX. EMPLOYEES APPROX. EMPLOYEES APPROX. C C C C T LO T LO T LO T LO Employers Top C C C C ATION ATION ATION ATION PROFILE BDB 19 Rutherford Mulhall BDB 07:Layout 1 9/27/07 1:04 PM Page 1
RUTHERFORD MULHALL PROFESSIONAL ASSOCIATION ATTORNEYS AND COUNSELORS AT LAW
APPELLATE LAW ARBITRATION BANKING LAW CIVIL LITIGATION CORPORATE ESTATE & TAX PLANNING INTELLECTUAL PROPERTY IRS & TAX DISPUTES LAND USE/ZONING MARITAL & FAMILY LAW MEDIATION PERSONAL INJURY & WRONGFUL DEATH PROBATE & GUARDIANSHIP REAL ESTATE TRIAL/LITIGATION
WEST PALM BEACH 777 S. FLAGLER DRIVE, STE. 1601 WEST WEST PALM BEACH, FL 33401 561-820-9414 BOCA RATON PALM BEACH GARDENS 2600 NORTH MILITARY TRAIL, 3399 PGA BLVD., STE. 240 4TH FLOOR, BOCA RATON, FL 33431 PALM BEACH GARDENS, FL 33410 561-241-1600 561-691-8111
RM www.rmlawyer.com noteworthy.AL:Layout 1 9/27/07 3:50 PM Page 1
New and Noteworthy BDB Relocation and Expansion Projects
FOSTERING BUSINESS GROWTH AND SUCCESS When Jarden Consumer Solutions (JCS) sought JCS now has about 340 employees in its Boca to expand its Boca Raton headquarters, the Raton headquarters, and anticipates adding 100 Business Development Board of Palm Beach more employees, with average salaries of County (BDB) provided a helping hand. $75,000, beginning later this year. The additional Working closely with the consumer products jobs will be mostly high-skilled headquarters staff in disciplines such as management, marketing, company, the BDB was able to facilitate the finance, engineering and law. The company–– Palm Beach County Board of County which employs more than 13,000 people global- Commissioners’ approval of a $100,000 award ly––now occupies 112,000 square feet of office from the county’s Job Growth Incentive Fund. space, with another 30,000 to 40,000 square Those county funds allowed JCS to leverage a feet in its expansion plan. Leasing and remodel- $500,000 award from the state’s Qualified Target ing of additional space could include a minimum Industry Tax Refund Program for a total tax and capital investment of $2 million. incentive package of $600,000. Jarden Consumer Solutions is a subsidiary of “One of the BDB’s targets for growing and New York-based Jarden Corporation, which enhancing our county’s economy is the recruit- designs, manufactures and markets world-class ment and expansion of corporate headquarters,” brands such as Bionaire®, Crock-Pot®, said Kelly Smallridge, president of the BDB. FoodSaver®, Mr. Coffee®, Oster®, Patton®, “Having a company like JCS grow in Palm Sunbeam® and VillaWare®. Jarden Corporation is Beach County is a strong statement that this is traded on the New York Stock Exchange and an excellent environment for corporations to is ranked 585 on the Fortune 1000 list of grow and compete.” America’s largest corporations.
2007 - 2008 BUSINESS ANNUAL
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Business Development Board PALM BEACH COUNTY’S BUSINESS RESOURCE New and Noteworthy BDB Relocation and Expansion Projects
FACILITATING A TAX REFUND
For DR Palm Beach, Inc., the BDB was able Redevelopment Bonus program. to facilitate approval of a State of Florida A pre-approved applicant may receive a tax Brownfield Redevelopment Bonus, which refund up to a maximum of $2,500 per new provides a tax refund for companies creating job created. jobs and investing capital on properties within Based on its job creation schedule, DR Palm a Brownfield Redevelopment Area. Beach, Inc. qualified for a total of $112,500, to DR Palm Beach, Inc. recently announced be distributed during a four-year period. The plans to build a new Hawthorn Suites Condo City of West Palm Beach voted to support the Hotel in West Palm Beach. The hospitality project and provide a local 20 percent match sector venture will create 45 new jobs with for the program. The Governor’s Office of training provided. It also involves a capital Tourism, Trade and Economic Development investment of $13 million that will help diversify (OTTED) approved the company’s application. and strengthen the economy of the “By working with the City of West Palm Beach surrounding area. and OTTED, the BDB was able to help DR The hotel’s site is part of the former Palm Palm Beach, Inc. offset some of the costs Beach Lakes Golf Course, now a designated associated with their own investment into the Brownfield Area. To encourage redevelopment project,” Smallridge said. “By receiving a and job creation within these areas––which matching award from the city, the company
may or may not have environmental was able to leverage a larger award from PHOTOS COURTESY OF HAWTHORN SUITES CONDO HOTEL issues––Florida established the Brownfield the state.”
22 BDB PROFILE Wackenhut BDB 07.qxp:Wackenhut Ad.qxd 9/27/07 1:03 PM Page 1
"The Wackenhut Corporation is proud to be part of the community of Palm Beach County and a member of the Business Development Board.” Gary A. Sanders Chairman of the Board & Chief Executive Officer
EXPERIENCE THE DIFFERENCE Small businesses as well as Fortune 500 and multi-national corporations have placed their trust and confidence in The Wackenhut Corporation to provide professional security and related services for over 50 years.
With offices across the U.S. and operational capabilities in more than 110 countries on six continents, Wackenhut offers knowledgeable and experienced security professionals to assist you in protecting your business, valuable assets, property and people. Contact us to discuss your security, consulting and investigative requirements and you’ll experience the difference too.
The Wackenhut Corporation 4200 Wackenhut Drive Palm Beach Gardens, FL 33410 561.622.5656 l 800.922.6488 www.wackenhut.com noteworthy.AL:Layout 1 9/27/07 4:08 PM Page 3
Business Development Board PALM BEACH COUNTY’S BUSINESS RESOURCE New and Noteworthy BDB Relocation and Expansion Projects DAYJET TAKES TO THE AIR!
Five years after launching a Delray Beach company focused on personal jet transportation, DayJet Corporation took to the air summer 2007.
With a fleet of new E500 very light jets manufactured by Eclipse Aviation, DayJet began its “Per-Seat, On- Demand” service among Boca Raton, Lakeland, Gainesville, Tallahassee and Pensacola, Fla.
“Since our founding in 2002, we have been singularly three to four years. In 2006, the Business Development focused on making what is now considered an elite Board helped DayJet navigate the county and state process- mode of transportation (on-demand jet travel) broadly es when it applied for money available through the Job available and affordable on a ‘per-seat’ basis,” said Growth Incentive Fund and the Qualified Target Industry Tax Ed Iacobucci, president and CEO. “We’ve taken Refund program. The BDB also provided introductions to flight, and DayJet travel has become a reality.” state and county decision makers who gave additional assis- tance to DayJet regarding its expansion. DayJet plans to bring 350 new jobs with average salaries of $77,600 to Palm Beach County in the next Iacobucci said the company’s recent accomplishments include innovative technology initiatives, such as DayJet’s Advanced System Technology for Real-Time Operations FINDING THE RIGHT SITE (ASTRO) following a four-year R&D effort in collaboration with Georgia Tech University. “Because DayJet is a business with During the past year, the BDB assisted Coastal Optical no set routes or schedules, it is very important that our real- Systems, Inc. (COS) in locating a new 37,500-square- time systems operate at peak efficiency,” he said. “This foot space on the former Pratt & Whitney campus in important collaboration has helped us reach this goal.” Jupiter. The company, which employs 45 people, has a contract to fabricate optical components for NASA’s Next Generation Space Telescope, and plans to add 25 new positions in the next two years.
“Securing this leased facility assures the company’s continued presence in Palm Beach County and ongo- ing contribution to the aerospace/aviation/engineering industry cluster,” Smallridge said.
Another expanding business is Coastal Lending of South Florida, which recently opened its seventh Palm Beach County office in Delray Beach, creating four full- time and 40 part-time positions. The company offers a variety of lending programs for residential and com- mercial financing.
Headquartered in Tequesta, Coastal Lending was referred to the Business Development Board by Florida
Metal Roofing Products, a company the BDB assisted DayJet co-founders Ed and Nancy Iacobucci in the pilot’s seats of a DayJet Eclipse 500 with its corporate relocation in 2006. In turn, the BDB was able to conduct a detailed property search for In addition, DayJet has been simulating its operations Coastal Lending, and provide multiple listings based through a Virtual Operations Center (VOC) that includes fac- on the company’s criteria. tors like weather delays, system growth and maintenance requirements. “DayJet has modeled hundreds of thousands “Helping our county’s existing businesses expand their of passenger operations across millions of virtual flights,” operations is one of the chief functions of the Business Development Board,” Smallridge added. “It’s as impor- Iacobucci said. “When DayJet’s customers take to the air tant to our economy as recruiting new businesses.” this year, they will be flying the most extensively tested air service in commercial aviation history.” Patricia Lebow | Managing Partner Mrs. Lebow’s background spans over 30 years in all areas of civil practice. She serves as a member of the Board of Directors of the Palm Beach County Business Development Board.
Edward J. Hopkins | Partner Mr. Hopkins focuses his practice on representing health care providers and companies. He is Board Certified in Health Law, and is listed in Best Lawyers in America in Health Law. The challenges of starting a biotechnology company are many. Legal representation doesn’t have to be one of them.
Kathleen Deutsch | Partner From compliance to financing, Broad and Cassel Ms. Deutsch represents offers a full range of services in all areas of interest a wide variety of businesses in mergers, acquisitions, to a start-up company. Whether it be corporate, public and private offerings health care, employment, lending, real estate, litigation, of securities, joint ventures and general corporate matters. government relations, or general business advice, Broad and Cassel lawyers are positioned to assist our clients. West Palm Beach Partners not pictured here are: Steven Ellison, Ronald M. Gache’, Jeffrey Gordon, Clifford Hertz, Steven M. Parrish, Andrew Rafkin, Mark Fleisher | Of Counsel and Carl V. Romano. Mr. Fleischer represents For an introduction to our services, call Managing Partner venture capitalists and firms seeking venture financing in Patricia Lebow at (561) 832-3300. biotechnology. He is the founder and President of the Harvard Broad and Cassel Law School Association of the Palm Beaches. One North Clematis Street Suite 500 West Palm Beach, FL 33401
BBroadroad & CCasselassel BBDBDB 007.indd7.indd 1 99/28/07/28/07 99:00:05:00:05 AMAM BOARD OF ADVISORS.AL:Layout 1 9/27/07 4:06 PM Page 26
BOARD OF ADVISORS members of the Business Development Board support economic development programs at the highest level, demonstrating their leadership and affirming their commitment to Palm Beach county’s long-term economic vitality.
3I, A BIOMET ALEXANDRIA COMPANY REAL ESTATE 3i was co-founded in 1987 by a Alexandria Real Estate Equities, periodontist and an engineer. In Inc. (ARE:NYSE) is the largest 1999, 3i was acquired by Biomet, owner and preeminent internation- Inc., a leading manufacturer of al real estate investment trust orthopedic components. Today, focused on the ownership, the newly named BIOMET 3i, operation, management, acquisi- headquartered in Palm Beach tion, redevelopment and selective Gardens, offers one of dentistry’s development of properties con- most comprehensive lines of den- taining office/laboratory space. tal implants and abutments. Alexandria has a nine-year track record as an NYSE listed company with an approximate AFLAC $5.1 billion total market “Aflac today ... Aflac every day. A capitalization (as of 12/31/06). history of excellence and respect.” Aflac is a Fortune 500 company (No. 158), with assets ANSPACH COMPANIES exceeding $50 billion. Insuring The Anspach Effort, Inc., a privately over 40 million people worldwide, held medical device company, was Aflac provides insurance policies founded in 1978 by William E. with premiums payroll-deducted Anspach, Jr., M.D. Anspach for over 344,000 payroll accounts employs more than 200 people at nationally, at no cost to the their corporate headquarters, a employer. 50,000-square-foot facility that includes a state-of-the-art medical education laboratory, in Palm AKERMAN Beach Gardens. SENTERFITT Akerman Senterfitt, Florida’s largest law firm, has 500 BANK OF AMERICA attorneys and consultants Bank of America is one of the servicing the needs of domestic world’s largest financial institu- and international clients tions, serving individual con- throughout its offices in Florida, sumers (38 million), small and New York, Los Angeles and middle market businesses and Washington, D.C. The firm large corporations with a full range represents private and public of banking, 5,800 retail offices, companies, governmental award-winning online banking, entities, educational institutions investing, asset management and high net-worth individuals in and other financial and risk- a wide range of practice management products and areas. www.akerman.com services.
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BANK OF NEW YORK FLAGLER MELLON CORPORATION DEVELOPMENT GROUP The Bank of New York Mellon In April 2006, Florida East Coast Corporation (BNY MELLON) is a Industries, Inc. (FECI) NYSE:FLA leading provider of financial services acquired Codina Group, Inc. The for institutions, corporations and high combined company was renamed net worth individuals, providing Flagler Development Group, which superior banking services, asset and together has constructed over 20 wealth management, asset servicing, million square feet of industrial and broker-dealer and advisor services, office property, including local facili- issuer services, and treasury services ties for Office Depot, IBM and through a worldwide client-focused NCCI; developed 2,760 acres of team. In Florida, BNY MELLON and land; and manages and leases 12 Mellon United National Bank have 19 million square feet of property. offices serving Palm Beach, Miami- Dade, Broward, Indian River and Collier counties. For more informa- FLORIDA CRYSTALS tion visit www.bnymellon.com CORPORATION Florida Crystals is a leading sugar producer and America’s first fully EDWARDS ANGELL integrated cane sugar company, PALMER & DODGE LLP guiding its products from the field Edwards Angell Palmer & Dodge to the table through its brands: ® ® LLP is a firm of more than 500 Domino , C&H and Florida lawyers offering a full array of legal Crystals®. The only organic sugar services to clients worldwide. The producer in the country, Florida firm has nine offices on the East Crystals owns and operates the Coast, including one in West Palm country’s largest biomass renew- Beach and another in Fort able electricity plant. Lauderdale. For more information, visit www.eapd.com. FLORIDA POWER & LIGHT Florida Power & Light Company (FPL), the principal subsidiary of FPL Group, Inc., serves over 4.3 million customer accounts. FPL continues to invest to meet the demand for electricity and strengthen its system. Its reliability far exceeds the industry average, it has kept base rates down and it helps customers conserve energy.
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FLORIDA TREND MCGLADREY PULLEN MAGAZINE RSM McGladrey, an accounting, “Florida Trend. One of America’s Most tax and consulting firm, combined Award-Winning Business Publications.” with McGladrey & Pullen, an audit Since 1958, top executives have and attest firm, is the fifth largest depended on Florida Trend for the hard professional services organization in facts and incisive analysis they need to the nation. The company’s thrive in one of the world’s most professionals provide state and dynamic marketplaces. Features local tax, international tax, internal include profiles, investigative reporting audit outsourcing, Sarbanes Oxley compliance, IT consulting and on business and public policy issues, wealth management services. economic forecasts and industry reports. www.floridatrend.com NOVA SOUTHEASTERN GUNSTER YOAKLEY UNIVERSITY & STEWART, P.A. Nova Southeastern University, with Gunster Yoakley & Stewart, established its main campus in Fort in 1925, is home to over 130 attorneys Lauderdale-Davie, Fla., and student with numerous practice groups including educational centers in Cape Coral, corporate, litigation, real estate and Fort Myers, Naples, Tampa, trusts and estates. Gunster Yoakley has Orlando, Miami, West Palm Beach offices in Fort Lauderdale, Miami, Palm and Jacksonville, Fla., and Las Beach, Stuart, Vero Beach and West Vegas, is the largest independent, Palm Beach. For more information, visit not-for-profit institution of higher www.gunster.com or call (800) 749- education in the Southeast, and the 1980. sixth largest nationally. For more information, visit www.nsu.nova.edu. HEDRICK BROTHERS CONSTRUCTION CO., INC. PALM BEACH Since 1979, Hedrick Brothers has AGGREGATES, INC. completed hundreds of diverse proj- Palm Beach Aggregates, Inc. ects in Palm Beach County, and spe- (PBA), located on 4,400 acres in cializes in high-end residential, historic western Palm Beach County, is a restoration, commercial, LEED™/green, multifaceted company with ongoing educational and worship projects. An commercial operations in construc- award-winning general contractor with tion aggregates and waste wood a reputation for integrity and cost-effec- Processing. PBA mines approxi- tive construction, services include con- mately 100 acres annually to a struction management, pre-construc- depth of 40 feet. In 2003, PBA pro- tion, design-build, tenant improvement duced approximately 5 million tons and property development. of construction aggregates.
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Board of Advisors
PALM BEACH COUNTY SUN-SENTINEL BOARD OF COUNTY Sun-Sentinel Company serves Palm Beach County and South COMMISSIONERS Florida through its daily South The Board of County Florida Sun-Sentinel newspaper, Commissioners is a seven-mem- Sun-Sentinel.com and ber elected body that operates SouthFlorida.com Web sites, el under a voter-approved home Sentinel Spanish language news- rule charter form of government. paper, and radio and television The function of the board is to partnerships, including WPTV establish policies and programs NewsChannel 5. Sun-Sentinel that protect the health, safety and Company serves the community general welfare of county resi- dents. Each commissioner is through a wide variety of initia- elected to a four-year term. tives, including the Sun-Sentinel Children’s Fund.
PLASTRIDGE SUNTRUST BANK INSURANCE AGENCY Based in Fort Lauderdale, Plastridge Insurance Agency, SunTrust Bank, South Florida has established in 1919, represents over 100 full service offices locat- many companies and offers a ed throughout Miami-Dade, wide range of products and serv- Broward, Palm Beach, Martin, St. ices for both business and per- Lucie and Indian River counties. sonal lines customers. Plastridge James Rasmussen is chairman of is here when clients need it ... the board, president and CEO for after the storm. Personal touch the region. It is the second largest and professional service are the banking region in SunTrust’s keys to its high level of excellence Florida network. and performance. WACHOVIA BANK, N.A. PRATT & WHITNEY Wachovia Corporation is one of Pratt & Whitney (P&W), through the nation’s largest diversified its Pratt & Whitney Rocketdyne financial services companies, pro- business unit, designs, viding a broad range of retail manufactures and tests rocket banking and brokerage, asset and engines and hypersonic wealth management, and corpo- propulsion systems at the West rate and investment banking prod- Palm Beach facility for several ucts and services. Wachovia has applications, including the space retail and commercial banking shuttle, and Atlas and Delta operations in 21 states with 3,375 launch vehicles. P&W also tests retail banking offices. commercial and military aircraft engines at the facility. WORKFORCE REGIONS ALLIANCE, INC. A dynamic human resource FINANCIAL organization serving Palm Beach Regions Financial Corporation is County, Workforce Alliance assists a member of the S&P 100 Index businesses in meeting the chal- and Forbes magazine’s “Platinum lenges of the competitive market- 400” list of America’s best big place through no-cost services companies. With over $140 billion that include skills-upgrade training in assets, Regions is one of the for employed workers, outplace- nation’s largest full-service ment for companies and individu- providers of consumer and com- als and career services that match mercial banking, trust, securities job seeker skills to the specific brokerage, mortgage and insur- requirements of employers. ance products and services.
PROFILE BDB 29 Big Banks Don’t Think You’re The Big Cheese?
GRATES, DOESN’T IT?
415 5th Street, West Palm Beach (S. Quadrille & Dixie) 561-847-2700 • fi rstbankpb.com
FFirstirst BBankank ooff PPB'sB's BBDBDB 007.indd7.indd 1 99/27/07/27/07 11:10:14:10:14 PMPM 3232-FB Cheese_Profile.indd 1 5/18/07 2:42:09 PM spotlight.AL:Layout 1 10/1/07 10:02 AM Page 31 Hodgson Russ Delivers Knowledgeable Legal Assistance From relocation advice to tax and estate planning, Hodgson Russ provides clients in Palm Beach County and across the state with a wide range of highly professional legal services. “For decades, individuals and businesses throughout Florida have relied on Hodgson Russ for knowledgeable advice in creating wealth, protecting wealth or transferring wealth,” said Paul R. Comeau, chair of the New York-based firm, which was established in 1817 and is one of the nation’s oldest law firms.
SPOTLIGHT
Today, Hodgson Russ has eight offices in the reputation in tax planning, trusts and estates, In Boca Raton, partner Yueh-Mei Kim Nutter United States and Canada with 240 attorneys and has assisted many new residents who have specializes in family and marital law as well as who work together in multidisciplinary teams to moved from high-tax jurisdictions to Florida.” business litigation ranging from real estate to serve the often-complex needs of their clients. corporate securities disputes. “Our experience “What differentiates our firm is the culture of Florida managing partner James M. Hankins includes lawsuits involving construction defects teamwork, cooperation and client service,” says the major areas in which Hodgson Russ’ and country club issues, such as developer Comeau said. “We set very high standards and attorneys serve Florida clients are real estate, turnover to a homeowner association,” she strive to deliver the highest quality service in corporate transactions, securities, banking, labor noted. every engagement.” and employment, family law and complex litiga- tion. “We have an active practice in all these Another of Hodgson Russ’ specialties is its Hodgson Russ has served Florida from its Boca fields,” he noted. In real estate, for instance, cross-border practice with Canada, supported Raton office since the mid-1980s, and last year Hodgson Russ represents property owners, by the firm’s offices in Toronto and New York. As opened a second local office in the Town of developers, builders and tenants in transactions one of the few U.S. law firms with a physical Palm Beach. “We have assisted many clients, and litigation. “We build a team of experts from presence in Canada, Hodgson Russ assists including public companies, business executives throughout our firm to focus on a real estate Canadian businesses and individuals with inter- and professionals who have relocated to project, and use collaborative technology to pool ests in Florida and other states. “We do a lot of Florida,” Comeau said. “Our firm has a national our skills and work seamlessly together,” he said. Canadian real estate work,” Hankins said, “because it takes a specialized structure for a Canadian to acquire property in the U.S. without Lucien Capehart creating a significant estate tax problem.”
Partner Paul E. Roman brings a strong back- ground in tax law to his estate planning prac- tice. “We are familiar with asset protection and wealth transfer plans, and we help structure foundations and family trusts to be fully compli- ant with all regulations,” he said. As Hankins said, “Our attorneys are leaders in the legal pro- fession and we are committed to making a dif- ference for our clients and our community.”
Left to right: James M. Hankins, Florida offices managing partner; Gary M. Schober, president and CEO; Paul R. Comeau, chair
PROFILE BDB 31 25-aniv.AL:Layout 1 9/27/07 4:03 PM Page 32
Business Development Board
PALM BEACH COUNTY’S BUSINESS RESOURCE
A Stronger Economy. A Brighter Future... BDB Celebrates 25 Years of Success
ground for the rich and famous, the words the area is the driving force behind every- “Palm Beach” conjured images of wealth thing the organization does. During the last and sophistication; however, there was a 25 years, the BDB has worked hard to Twenty-five years ago, dichotomy within the economy—those assess the needs of the county’s economy, Palm Beach County was a who were very wealthy, and those who and take the appropriate steps to create an sleepy resort town that relied serviced the very wealthy. environment that has all of the right ele- ments for companies that are looking to heavily on tourism and agriculture The Business Development Board’s mis- relocate or expand their operations. to sustain its economy. To many sion to stimulate economic energy, promote CEOs, this was only a place to vaca- business diversity and enrich the vitality of In 1991, the BDB commissioned a study tion and have fun. Palm Beach County through the relocation, by SRI International to evaluate the busi- Tom Lynch, former chairman of the retention and expansion of companies to ness environment, analyze the health of Business Development Board of Palm Beach County’s board of directors and president of Plastridge Insurance, remem- bers those days in the early 1980s. “Most Just like Palm Beach County, of the area closed up in the summer,” said the BDB has grown, adapted Lynch. “The county was totally tourism- and evolved during the based.” last 25 years. By bringing To address the issue of a predominantly more diverse, higher-wage seasonal economy, the Palm Beach Development Board—as the Business jobs to the county, we play Development Board (BDB) was first a vital role in creating a known—was chartered in 1982. The goal sustainable economy of the organization was to diversify the for the next 25 years. county’s economic activity and make it less dependent upon low-paying, service- — Kelly Smallridge sector jobs. Known throughout the world as a place to vacation and as a play- Photo by David R. Randell Photographics
2007 - 2008 BUSINESS ANNUAL
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Business Development Board
PALM BEACH COUNTY’S BUSINESS RESOURCE
Scientists at work in Scripps Florida Photos courtesy of The Scripps Research Institute/Scripps Florida Photos courtesy of The Scripps Research
the driving industries—and the economic An outcome of that study was that Palm does business is the fostering of relation- foundations supporting them—and Beach County should actively pursue the ships among the economic development develop a new strategy for the county. cultivation of a medical/pharmaceutical organizations in South Florida. This study served as the first formal cluster. Some of the anticipated long-term Regionalism was a primary focus for roadmap for charting economic growth milestones for that cluster, as set forth in Sandie Foland, chairman of the BDB’s and diversification. the 1998 report, were: board of directors during the 1999-2000 fiscal year and head of Baron Sign By the late 1990s, it was time for a fresh • The establishment of a biomedical Manufacturing in Rivera Beach. review of the market, the direction it was industrial park. taking and what business sectors should Recognizing there is strength in numbers, • A satellite campus of a medical be pursued. Due to finite resources, it was she increased the push for regionalism. school established in Palm Beach imperative to maximize them in the best “We all need to realize this County. possible areas. It was that forethought is an international mar- that brought about engaging SRI • The establishment of a medical ket,” Foland said. “We International’s Center for Economic research institute within the county. need to think regional Competitiveness to conduct primary and and international.” With the announcement in 2003 of The secondary research to identify sectors that Scripps Research Institute’s plans for Pam The BDB has con- would be beneficial for the BDB to pursue. Beach County, and the partnership tributed to the county’s “We were all pretty charged up with the between Florida Atlantic University and the evolution in a variety results of that work,” said Rudy Schupp, University of Miami’s Miller School of of ways. Everything former chairman of the BDB’s board of Medicine to have a joint program at Boca from schools, to the directors and current president and CEO Raton Community Hospital, most of the of 1st United Bank. “It helped us better long-term goals came to fruition. understand how we could make hay with “I think we read the cards right, what we had, and the BDB organized and I think it helped a lot,” itself accordingly, creating new commit- Schupp said. tees relating to the newly identified While volunteering for Junior Achievement of the clusters.” Another dimension in the evo- Palm Beaches, Gary Hines of the BDB taught H.L. Johnson Elementary students about the lution of the how the BDB skills needed to own and manage a restaurant.
2007 - 2008 BUSINESS ANNUAL Photo by David R. Randell Photographics
PROFILE BDB 33 25-aniv.AL:Layout 1 9/27/07 4:04 PM Page 34
Business Development Board
PALM BEACH COUNTY’S BUSINESS RESOURCE
BUSINESS DEVELOPMENT BOARD CHAIRS OF THE BOARD, 1982-2007
1982-83 John W. Temple, Arvida 1983-84 Brett Barwick, Dexter Tool 1984-85 Brett Barwick, Dexter Tool
arts, to resort amenities have improved in 1985-86 Lennart Lindahl, LBFH quality because of the need and demand 1986-87 Russel Bielenberg, Foundation Land of people wanting to come here not just 1987-88 Donald C. Walker, Palm Beach Park of Commerce for vacation, but for business reasons. “In 1988-89 Bernard Tinkoff, Coopers & Lybrand the last 25 years, Palm Beach County certainly has become more cosmopoli- 1989-90 Mike Mitrione, Gunster Yoakley tan,” said Mike Mitrione, chairman of the 1990-91 Chuck Cross, JP Morgan BDB’s board during the 1989-1990 fiscal 1991-92 Fred Weiss, Merrill Lynch year and shareholder with the law firm of Gunster Yoakley. “The population is 1992-93 William Jenner, PBCC Foundation much more diverse as is the economy.” 1993-94 Tom O’Brien, Steel Hector & Davis
Luis Fernandez, former chairman of the 1994-95 William Brown, Jr., Waters Pelton Ostroff & Associates BDB’s board and current CFO of Florida 1995-96 Philippe Jeck, Jeck, Harris & Jones Crystals Corporation, added, “It’s not a 1996-97 Luis Fernandez, Florida Crystals sleepy resort area any more. The com- munity has vibrancy year round.” 1997-98 Rudy E. Schupp, Wachovia 1998-99 Robert Kneip, Wackenhut Corporation 1999-00 Sandra Foland, Baron Sign 2000-01 Phil Ward, Ward Damon Posner & Gilbert, P.A. 2001-02 Ed Sabin, Implant Innovations, Inc. 2002-03 Greg Fagan, Schaefer Fagan Cooper Engineers, Inc. 2003-04 Kevin Audin, Pratt Whitney 2004-05 Tom Lynch, Plastridge Insurance Agency 2005-06 Charlie Rutherford, Rutherford Mulhall, P.A. 2006-07 George Elmore, Hardrives, Inc.
Palm Beach County delegation at BIO 2006 in Chicago
2007 - 2008 BUSINESS ANNUAL
34 BDB PROFILE Hedrick Brothers BDB 07:Layout 1 9/27/07 1:02 PM Page 1
AHERITAGE OF RESTORING GREATNESS TO GLORY
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BDB Supports Palm Beach County’s Economic KeyClusters
Dale Hedrick, Hedrick Brothers Constuctions and Rick Gonzalez, REG Architects at the historic Palm Beach County Courthouse.
36 BDB PROFILE 37 BDB PROFILE “Businesses are starting to realize there is there starting to realize “Businesses are and reusing payback and a benefit to a real and minimizing energy resources recycling all about and water usage,” Hedrick said. “It’s the and minimizing being a good steward impact on the environment.” nearly 30 years—including reconstructing the nearly 30 years—including reconstructing historic courthouse. county’s in is at the forefront Brothers Hedrick Now, office “green” constructing energy-efficient to Dale buildings, according and retail have “We and owner. Hedrick, president friendly been incorporating environmentally techniques, materials and ideas throughout recycling also all our jobs,” he said. “We’re of the waste materials than 80 percent more on all our projects.” is building For example, Hedrick Brothers four-story Ecoplex, a 100,000-square-foot, Palm building in West multitenant office Palm Healthcare’s Beach, and remodeling designed to achieve Another project offices. LEED (Leadership in Energy and Environ- the U.S. mental Design) certification from Building Council is the four-story, Green project office Vive Verde 20,000-square-foot which incorporates in downtown Lake Worth, rain water cisterns roof, like a green features water piping for toilets. and “grey” the 12 months ending January 2007 were In early the highest of any industry sector. construction-related 47,300 were 2007, there jobs in Palm Beach County. Palm Beach-based A leading player is West Construction, which has Hedrick Brothers educational and been building commercial, Florida for South throughout other projects Construction companies to understand that there are companies to understand that there who available for buyers many tax breaks older buildings and put them back restore said. “At the use,” Gonzalez into productive help pre- efforts same time, these restoration our county.” of serve the history and culture is its strengths One of Palm Beach County’s which includes construction services sector, experienced developers, builders and trade by the Florida report A recent professionals. Innovation found that Agency for Workforce the county added 2,700 construction jobs in community revitalization projects.” community revitalization include design projects recent The firm’s the historic 1916 Palm Beach restoring guidelines for County Courthouse, preparing historic district, renovating Delray Beach’s Mar-a-Lago buildings on Donald Trump’s the estate in Palm Beach and revamping interior of the Business Development Board in West offices of Palm Beach County’s Palm Beach. and expanding important for relocating “It’s practice as one of the few Hispanic-owned Palm Beach. Today, businesses in West of REG Architects, Gonzalez is president company whose 20 Inc., a fast-growing interior architectural, employees provide design and urban planning services through- out Florida and Costa Rica. seen the landscape change in the “We’ve past two decades,” Gonzalez said. “Just as more has become increasingly the region populous and diverse, our practice includes and many mixed-use, historic preservation Twenty years ago, Rick Gonzalez, AIA, and Twenty opened their architectural his father Ricardo Services
© Michael Price Clusters.AL:Layout 1 9/28/07 2:30 PM Page 37 Page PM 2:30 1 9/28/07 Clusters.AL:Layout Clusters.AL:Layout 1 9/28/07 3:14 PM Page 38
Agriculture / Equestrian
Throughout Palm Beach County’s rich agri- ment of around 17,500 increases significantly cultural lands, growers are investing in new during the winter growing season. packing and packaging facilities, adding value to this vital economic sector. “We’ve Palm Beach County leads the nation in the seen a move toward vertical integration that production of sugarcane and fresh sweet strengthens our position in the market,” said corn. It is first in Florida in the production Arthur Kirstein, coordinator, Agricultural of rice, bell peppers, lettuce, radishes, Economic Development, Palm Beach Chinese vegetables, specialty leaf and County.
The county’s Office of Agricultural Economic Development promotes job creation, growth and the continued profitability of the agricul- ture industries.
“Many of our vegetable growers are making celery. Nurseries and sod farms are other As one of the nation’s leading equestrian cen- major capital expenditures in packing facili- major segments in the agricultural sector. ters, Palm Beach County is home to an esti- ties,” Kirstein added. “In the past, we’ve pri- mated 6,000 horses year round, rising to 11,000 marily been producing at the wholesale level, “Agriculture is holding its own in terms of during the winter season. The equestrian indus- and this trend is bringing a new dimension to acreage,” said Don Rice, president and CEO, try makes an estimated annual contribution of this sector.” Farm Credit of South Florida, which provides $500 million to the county’s economy. New Overall, agriculture is a $1 billion industry in loans for farmers, rural homes and develop- equestrian-related developments are planned in the county, which ranks first in the state for ment projects. “It helps that more farmers are the Village of Wellington, which hosts prominent total production and is one of the 10 largest moving up the ladder of processing and sell- winter polo tournaments, the National Horse counties in the nation. Year-round employ- ing directly to the stores.” Show and the Winter Equestrian Festival.
AGRICULTURAL ACREAGE
Sugarcane 403,821
Row Crops (Vegetables) 29,397
Pasture & Equestrians 15,787
Nursery 6,291
Citrus 8,877
Sod 8,484
Miscellaneous5
Total 472,830
County acreage 1.26 million
Source: Palm Beach County Agricultural Extension Service, 2006 statistics
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IT/Communications From powerful supercomputers and high- to model, simulate and visualize in seconds bandwidth connections to sophisticated dis- what once took months,” he said. Audra Stepp, sales director tribution, service and support providers, Palm In the health care field, Martinez believes in- for Anixter International at Beach County benefits from a deep-rooted company headquarters. creasing the use of integrated electronic information technology (IT) and communica- medical records (EMR) can improve delivery tions sector. From the days of the IBM PC, vergence of voice, video and data networks of care and reduce deaths linked to medical first developed in Boca Raton, to today’s has led to the need for many businesses to errors. “The EMR create a major change in complex network applications, the county is address a critical area when it comes to IT the precision and speed of delivery of health playing a leadership role in the technology communications.” care services,” he added. sector. According to Audra Stepp, sales director, IBM is among the many IT/communications “Today, the highest growth potential for the IT “Anixter can provide the full lifecycle of support companies finding success in Palm Beach industry is serving the life sciences and health for any project, be it design, product selection County. For instance, Delray Beach-based care industries,” said Pete Martinez, former or ongoing support of a next generation com- Anixter International is a leading distributor vice president, Global Business Services, munications infrastructure. Our dedicated sys- of communications infrastructure products IBM South Florida, Boca Raton. “Both will go tems engineers help clients—including for voice and data systems, data centers, through major transformations by leveraging relocating and expanding companies—select wireless access, CCTV, IP video surveillance IT applications to improve performance and the right infrastructure for future IT needs.” and access control systems. They offer de- productivity.” sign support for such systems and Calling Palm Beach County an In the life sciences, for instance, IBM is part- offer more than 350,000 ideal strategic location nering with Scripps Florida on “Project when Checkmate,” a collaborative initiative to con- duct advanced research on pandemic viruses such as the avian flu. IBM’s expertise in computational biology, bio-patterning and su- percomputing—including Blue Gene, the world’s fastest su- percomputer technology— are linked to Scripps’ Dr. Mark Seager of Lawrence world-class research in biochemical Livermore National Laboratory modeling and drug discovery. inspects the world's fastest supercomputer, a 64-rack Blue Gene complex. doing business In addition to advanced computation, net- IT infrastruc- in South Florida, working and storage technology, IBM draws ture products from over Williams added, “We see an increasing level on the extensive knowledge base of its 1,500 4,000 of their partners. of high tech companies moving to the area South Florida employees in attacking these and we’re excited to be part of the technol- “real-world” research issues, Martinez said. “As a distributor, our goal is to bring as much ogy scene, providing products, support and “In the future, the major breakthroughs in bi- value as we can to our clients,” said Marcel education for our clients.” ology will occur due to our increased ability Williams, account manager. “The global con-
PROFILE BDB 39 Clusters.AL:Layout 1 9/28/07 3:15 PM Page 40 iCoast By fostering entrepreneurship, sources of funding, regional research and workforce training initiatives, iCoast is enhancing South Florida’s position as a solid base for successful science and technology ventures. Business A non-profit coalition that works closely with the Business Development Board of Palm and Financial Beach County (BDB) and other regional organizations, iCoast is dedicated to Services promoting the region’s information technology and life sciences clusters Palm Beach County provides a robust envi- One of the financial institutions catering to on a national and international basis. ronment for business and financial services that upscale market is Mellon Financial “Through iCoast, we’ve worked diligently companies. From wealth management and Corporation, which recently expanded its to brand our region as a vibrant hub for corporate finance to legal, accounting and West Palm Beach Private Wealth Manage- technology companies, and those efforts advertising firms, Palm Beach County is are producing great results,” said Kelly ment office and is seeking to expand to Smallridge, president, BDB. filled with experienced providers of northern Palm Beach County, said Perl. “We A recent Cyberstates report by the American professional services. have made a commitment to this market, Electronics Association shows Florida “This is a dynamic, highly affluent market- offering wealth planning, investment manage- gained 10,900 technology jobs in 2005, ment and financial management services,” he second only to California. Among the place,” said Kerry Perl, vice president, Mellon fastest-growing occupations in South Private Wealth Management, West Palm said. “Too often financial services companies Florida are systems software engineers and Beach. “A fair percentage of the world’s most only emphasize preparing the money for the software programmers. Overall, Florida has wealthy spend all or part of their time in Palm family. We believe there must be an equal more than 275,000 technology jobs (not including the life sciences), and more than Beach as well as other coastal cities from focus on helping prepare the family for the 21,000 IT companies, such as IBM in Boca Raton to Jupiter.” money,” Perl added. Boca Raton. Looking more closely at South Florida, iCoast has an estimated 6,000 technology companies and a growing, multilingual workforce. The region has been named the Number 1 location in the country for the successful growth of small businesses by Entrepreneur magazine and Dunn & Bradstreet. “The economic and workforce climate is thriving in Palm Beach County,” said Michael Corbit, executive director, iCoast. “The IT and life sciences industries continue to gain momentum, and our employment levels are at historic highs in both industries.” Corbit said workforce training is one of iCoast’s ongoing priorities, as growing IT and life sciences companies seek skilled employ- ees. “Our K-12, community college and higher education institutions are meeting the industry demands in providing curriculums that promote job development and retention for Palm Beach County,” he added. Other iCoast initiatives include education events, such as an annual technology show. The 2007 show, sponsored by iCoast and Spanish telecom giant Telefonica, focused on the regional and global implications of broadband and wireless technologies with experts from Yahoo, Microsoft, Google, RIM, Intel and IBM. Together with the Florida Re- search Consortium, iCoast also sponsored a presentation by noted venture capitalist Steven Lazarus of ARCH Venture Partners at the Florida Tech Transfer Conference in May. “We offer a very healthy business climate for technology companies,” added Corbit, “and we expect continued robust growth for this leading-edge industry cluster.” Clusters.AL:Layout 1 9/28/07 3:15 PM Page 41
Bank Offices Deposits ($000) as of 6/30/06 1st United Bank 4 160,100 Ameribank Inc. 1 15,017 BankAtlantic 23 1,013,739 BankUnited FSB 14 1,247,176 CitiBank FSB 8 733,168 Business and Financial Colonial Bank National Assn 14 715,366 Services Commerce Bank National Assn 7 251,748 Enterprise NB of Palm Beach 2 172,335 small business, com- Deerfield Beach to the Boca Corporate Cen- Fidelity Federal Bank & Trust 44 3,041,617 munity banking and ter and Campus in Boca Raton. “We are very middle market bank- pleased to keep the company in South Fifth Third Bank 4 136,010 ing. “We came to Florida,” said Neal Henschel, chairman and First Bank of the Palm Beaches 1 26,173 Palm Beach County chief executive officer of First NLC Financial. First Southern Bank 3 219,645 because our North- “Palm Beach County has an emerging finan- Flagler Bank 1 66,008 east customers in cial services sector, and we’re excited to be a Grand Bank & Trust of Florida 4 379,758 places like New York part of it.” HSBC Bank USA National Assn 2 106,307 and Philadelphia were Independent Community Bank 1 106,619 First NLC is a leading nonprime residential spending the winter Ironstone Bank 2 38,648 mortgage banking company with six regional here,” Tolomer said. Mellon United National Bank 2 135,898 operations center across the country. The “To serve them better Regent Bank 4 55,320 company will bring 450 jobs, and has plans and to create pres- Regions Bank 9 227,568 to add 200 new jobs. ence in this vibrant Seacoast National Bank 5 89,540 market, we decided SouthBank A FSB 1 25,581 to purchase the local SunTrust Bank 34 1,694,857 bank, and we’ve been Wachovia Bank National Assn 100 8,062,254 thrilled with our progress since then.” Types of Institution # #of offices Deposits 6/30/06 Regions Bank, which Commercial Banks 49 333 21,335,284 has nine offices in Savings Institutions 15 156 15,857,781 Palm Beach County, US Branches of Foreign Banks 0 0 0 is also undertaking an Total 64 489 37,193,065 aggressive expansion, according to Val The Business Development Board provides Perez, city president of Palm Beach County. year-round support to the business and This fall, Regions will open a new Abacoa of- financial services sector through educational fice to serve Scripps Florida and northern and networking programs as well as special Palm Beach County, and in early 2008 will events like its first annual business-services inaugurate a new regional headquarters in “The Business Development Board tradeshow, Encompass, held in June at West Palm Beach’s CityPlace. was able to keep First NLC’s head- Northwood University. The Birmingham, Ala. bank, which has $140 quarters in South Florida by working A fast-growing financial institution is Com- billion in assets, offers corporate, real estate, with our counterparts at the Broward merce Bank, which acquired Palm Beach retail and private banking services. “We have Alliance and Enterprise Florida,” said County Bank in January 2006. The bank the size and scope to serve a commercial Kelly Smallridge, president of the opened new offices in Boca Raton and Palm client who needs a $10 million loan or so- BDB. “By retaining and assisting local Beach in spring 2007, giving it nine branches phisticated treasury management services,” companies with their expansion plans, in the county, according to John Tolomer, said Perez. The bank’s capital markets president. “We anticipate opening more loca- group and investment bank also help private the entire region benefits from the pri- tions, including Riviera Beach, Juno Beach, companies enter the public markets. mary and secondary jobs that are cre- West Palm Beach and Lantana,” he added. ated by a company like First NLC.” Joining the county’s financial sector is First Founded in 1973, the New Jersey-based NLC Financial Services, LLC, which relo- bank with $47 billion in assets focuses on cated its corporate headquarters from
PROFILE BDB 41 Clusters.AL:Layout 1 9/28/07 2:21 PM Page 42
Aerospace
As NASA ramps up the nation’s space program, Pratt & Whitney Rocketdyne, Aviation Inc. (PWR) is helping to propel the next phases of manned exploration. “NASA’s vision for space exploration Engineering has opened the door for propulsion rocket engines—the launch vehicles Technologies, does flight-testing and a $7.5 million contract to develop advanced that will be coming online for the next custom finish work for its S-76 executive high-efficiency turbine engines for the two decades,” said Dennis Mills, and commercial helicopters. Altogether, U.S. Army. director of strategy and business United Technologies has about 1,100 development, PWR. “All the engineer- “We started with a handful of engineers and employees in the county. ing, manufacturing, development and now provide products for the military as well design, including rocket engine tests, To support the county’s growing aerospace, as for biomass or ‘green energy’ applica- are done here in Palm Beach County.” aviation and engineering cluster, the Business tions,” said Shirley Brostmeyer, CEO and Development Board of Palm Bach County owner. “We have some very creative people For many years, Pratt & Whitney has (BDB) has been strengthening ties with the who help us provide innovations that work.” engineered and tested the main engines for academic community, said industry cluster In 2005, FTT received a Job Growth Incentive chair Austin Andrews, manager, strategic the space shuttle as well as the propulsion grant and the Business Development Board planning, PWR. “We are intensifying our local systems for the Atlas and Delta launch recently facilitated an ad valorem tax exemp- recruiting efforts and looking at ways to get vehicles. Now, with the shuttle program tion that will save the company $26,153 more young people enthusiastic about the winding down, PWR is moving ahead with annually for the next four years. liquid propulsion engines for the Ares I, which aerospace sector. At the same time, we’re will launch the Orion crew vehicle, and the tapping the expertise of many retired execu- In another example of the region’s business- Ares V, which will carry heavy cargos. tives who have extensive experience with education ties, Boynton Beach Community commercial aviation and the space program.” High School and Embry Riddle Aeronautical The Ares boosters will carry their payloads University (ERAU) have partnered to create to the International Space Station and To take one example, Florida Turbine Tech- a new curriculum option for high school eventually rendezvous in space with NASA’s nologies (FTT) in Jupiter has been successful students. Students receive instruction from Lunar Surface Access Module (LSAM) for in tapping that talent pool to propel its growth ERAU professors and earn both high school missions to the moon. PWR also builds the for the past decade. In fact, FTT was recently and ERAU credits, helping them prepare for high-performance engines that will allow the honored with a Governor's Business Diversifi- a professional trade in aeronautics. LSAM to make soft touchdowns on the cation Award in recognition of its success in moon’s surface and lift off for the return flight. creating high-value jobs in Florida. “Our Boynton Aerospace Science Academy offers knowledge and career opportunities P&W is developing scramjet engines—a Founded in 1998 as a service business to in the worlds of air and space—jets, weather, hybrid between gas turbines and rockets— large gas turbine manufacturers, FTT is now air traffic control, astronautics, technology on its 7,000-acre facility in western Palm a full-service gas turbine design, testing, and homeland security,” said principal Kath- Beach County. Nearby, Sikorsky Helicopters, manufacture and support business with leen Perry. “This unique academy reflects which has the same parent company, United 160 employees. In 2006, FTT was awarded the needs of our community and students.”
42 BDB PROFILE CCatalfumoatalfumo BDBBDB 007.indd7.indd 1 99/27/07/27/07 11:06:09:06:09 PMPM Clusters.AL:Layout 1 9/28/07 2:21 PM Page 44
Tourism Throughout Palm Beach County, resorts, Green Lodging Certification in recognition enjoy the spring training baseball season.” hotels and restaurants are investing in the of its environmental sensitivity and company- The hotel also caters to a growing stream future. After all, tourism is the region’s No. 1 wide innovations. “While we greatly value of business travelers in keeping with growth industry, contributing more than $2.6 billion our past, we are continually in preservation in the northern part of the county. annually to the area’s economy and mode,” said president Paul N. Leone. “Our After completing an extensive renovation of supporting more than 55,000 jobs, number 1 job is to protect for the future. the 159-room Jupiter Beach Resort & Spa, according to the Palm Beach County Being environmentally conscious will Ocean Properties Ltd Hotels & Resorts is Convention and Visitors Bureau. positively impact the quality of life for our focusing on its plans for a 400-room Westin community in the future.” Leading attractions for visitors include 47 convention center hotel in downtown West miles of Atlantic Ocean beaches, more than Boca Raton Resort & Club, originally built Palm Beach. “We are moving forward as 160 golf courses, world-class resorts and in 1926 by legendary architect Addison quickly as possible,” said Tom McMurrain,
spas, boating, tennis and a wide variety of Top left photo: Courtesy of Boca Raton Resort & Club; Top right photo: The Breakers Palm Beach Mizner has embarked on a multi-million vice president of the Delray Beach company. other cultural, recreational, entertainment dollar refurbishment led by world-renowned “Our game plan is to start work in spring and shopping venues. designers. LXR Luxury Resorts is bringing a 2008 with a two-year buildout.” In 2006, more than 6.8 million passengers fresh new look and feel to the legendary resort In the public sector, since its opening in arrived through Palm Beach International while drawing heavily from Mizner’s original 2004, the 350,000-square-foot Palm Beach Airport, which hosts 15 domestic and inter- philosophy and vision. A collection of five County Convention Center has become an national airlines with 200-plus flights per day. boutique properties within a full-service resort, important venue for trade shows, conven- Millions more travel from throughout Florida Boca Raton Resort & Club will offer guests tions, consumer shows, exhibitions and other or arrive via Amtrak or private yacht. redesigned guestrooms and public spaces special events. Located on 19 acres across as well as new dining options including Cielo Many of the county’s 200 resorts and hotels from the Kravis Center for the Performing by Angela Hartnett and Florida’s first Old have renovated or expanded their facilities Arts and CityPlace, the Palm Beach County in recent years. For instance, The Breakers Homestead Steak House. Convention Center is just one mile from Palm Beach—a 560-room oceanfront resort Interstate 95. A few miles away in northern Palm Beach founded in 1896 and listed on the National County, the DoubleTree Palm Beach Gardens “The investment in the convention center Register of Historic Places—has invested Hotel recently completed a renovation of its will be enhanced with a major hotel in $250 million over the past 15 years in various 279 guestrooms and lobby, and is adding close proximity,” McMurrain added. “When projects, including an award-winning an executive meeting center in 2008. “From the Westin is completed, it will create a environmental initiative. January to March, we serve a large leisure beautiful courtyard, adding a new appeal In 2006, The Breakers received the Florida market,” said Laura Thomas, director of sales to the convention center and the entire Department of Environmental Protection’s and marketing. “Our guests love to golf and community.”
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1555 Palm Beach Lakes Blvd. Suite 1550 West Palm Beach, FL 33401 TF: (800) 909-3463 - ext. 19 FX: (561) 615-3999 www.PassportPublications.com Clusters.AL:Layout 1 9/28/07 2:21 PM Page 46 Creative Industries In just 12 years, the Palm Beach International said Michael Posner, director, DBFF. come back to Palm Beach County to be Film Festival (PBIFF) has grown swiftly to writers, editors and producers.” Palm Beach County’s rich film history can be become one of the top 25 such events in the traced to Burt Reynolds, who filmed “B.L. In filmmaking, as in other creative industries, world, according to Palm Beach County Stryker” and other movies and TV specials here. Palm Beach County enjoys a host of assets Commissioner Burt Aaronson. “We’ve had “Burt Reynolds put a very bright spotlight on from year-round warm weather and a wide some of the biggest and best stars here,” the benefits of growing a solid film and variety of location settings to a skilled local said Aaronson, who co-founded the festival. television industry in Palm Beach County,” workforce and supportive business climate. “It brings tremendous recognition to our film said Film Commissioner Chuck Elderd. industry, contributes to tourism and strengthens And with more than 400 local cultural our cluster of creative industries.” Since the county created the Film and Television organizations, Palm Beach County provides
General Hospital actor Tristan Rogers emceed the 2007 PBIFF Gala
The South Florida set of — Bad Boys II Palm Beach County Film and Televistion Commission Palm Beach County Film and Televistion
Filmmakers from over 55 countries submitted Commission in 1989, the industry has a supportive environment to all types of their works for the 2007 PBIFF, which show- been growing at a steady pace. Film industry creative endeavors, according to Rena Blades, cased films from more than 135 independent revenues reached $114.7 million in 2006 as president and CEO, Palm Beach County filmmakers as well as premiers from Fox, Para- Palm Beach County hosted nine feature proj- Cultural Council. mount, Lionsgate and Miramax studios during ects, 212 television shows, 46 commercials, 77 “We have cultural activities from early morning its eight-day run in April. “It was refreshing and still photography projects, four music videos to late at night,” Blades said. “Both our inspiring to discover so many wonderful film- and 52 other projects. Palm Beach County is residents and visitors are engaged with the makers,” said Randi Emerman, director, PBIFF, also home to 63 companies that produce origi- arts and enjoy those creative experiences.” noting that an Israeli film, “Tied Hands” won the nal television programming, accounting for more best film award. PBIFF was recognized in the than 1,877 episodes per year airing worldwide. The council’s surveys indicate 2.9 million people May 2007 issue of MovieMaker Magazine as visited the area’s cultural venues last year, an “Palm Beach County has an abundance of one of the “Top 10 Destination Festivals in the increase of 20 percent since 2003. In 2006, qualified industry people,” said Gregory E. World,” Emerman added. Palm Beach County audiences spent more Hauptner, founder and CEO of G-Star School of than $250 million. A recent addition to Palm Beach County’s the Arts for Motion Pictures and Broadcasting, cultural calendar is the Delray Beach Film Festi- a 700-student acting and production high “Our public schools have a comprehensive val (DBFF). In just its second year, the festival school in West Palm Beach. Launched in 2003, arts education program, and the business attracted more than 15,000 attendees, and G-Star has a high-definition television (HDTV) community has been very supportive to our 200-plus producers, directors and other execu- studio and a full motion-picture studio, where creative activities,” she said. “We’ve also had tives, who got a first-hand look at the county’s films are shot on site. “Our students get hands- a steady flow of government funding as well creative industries. “This festival helps introduce on experience in the film business, and often as donations from generous individual Palm Beach County to the world, including work as interns with local companies,” Haupt- philanthropists. It has really contributed to professionals from Russia, Israel and Australia,” ner said. “Then, after college, we see them the county’s appeal and quality of life.”
46 BDB PROFILE Workforce Alliance BDB 07:Layout 1 9/27/07 1:02 PM Page 1
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*This service is provided at no cost to your business because it is funded by your prepaid tax dollars. Clusters.AL:Layout 1 9/28/07 2:33 PM Page 48
helping to ‘connect the dots’ and build this industry, which will bring many benefits to Life South Florida and the entire state.” Another major step forward will occur in 2012, when Boca Raton Community Hospital Sciences will become the Charles E. Schmidt Medical Center, the first new academic medical In a milestone event for Palm Beach County’s infectious diseases. “We recently established center to open in the United States in nearly life sciences cluster, The Scripps Research a department of cancer biology and recruited 30 years. The 530-private room teaching Institute in March 2007 officially dedicated its Professor and Chair John L. Cleveland, a top hospital will become a standard for hospital Scripps Florida facilities at Florida Atlantic researcher in cancer genetics,” Orf said. safety by improving visibility of patients to University in Jupiter. Scripps Florida researchers have already staff, standardizing and automating certain Thanking the state and county for their con- submitted 20 patent applications, and tasks and procedures, minimizing physician tributions, Chairman of the Scripps Board of received more than $13 million in external fatigue and empowering patients’ families to Trustees John J. Moores said, “We dedicate research funding. Scripps also will also participate in patient care. The hospital’s the Scripps Florida campus to increasing receive $100 million from Pfizer Inc. in a design will combine best practices in tech- human knowledge, advancing biomedical five-year collaborative licensing arrangement nology, architecture, academia and patient science, educating the researchers of the focusing on the development and testing of care to pioneer a new era in hospital safety. future and improving the health of humanity.” potential new drugs. The new academic medical center will be “There are real dollars coming into Palm ocated on 38 acres of Florida Atlantic Beach County as a result of our public University’s Boca Raton Campus and be investments in Scripps,” said Ken Kirby, who the teaching hospital for the University of chairs the Business Development Board of Miami Miller School of Medicine.
The Scripps Research Institute/Scripps Florida Palm Beach County’s (BDB) life sciences “Boca Raton Community Hospital was built cluster committee. As CEO of Transferal by the community, for the community. In 40 Transdermal Technologies in Lake Park, years of service to the citizens of Boca Kirby is focusing on developing effective Raton, we have never forgotten why we were new drug delivery systems. founded and why we continue to serve,” said During the next 15 years, Scripps Florida is Gary Strack, president & CEO. “It is because expected to create 6,500 direct and indirect of this commitment, and the community’s jobs, and add $3.2 billion to the region’s ongoing support and growth that Boca Raton Community Hospital chooses to John Cleveland and research associate economy. Already, Scripps has spun off Denise Sofia in the lab. Xcovery, a new biotech company looking at undertake these major projects that promise kinase inhibitors in the treatment of cancer. to transform the face of health care in South Scripps Florida’s three permanent buildings Its founders are Sheridan “Sherry” Snyder, Florida, for the next century.” totaling 350,000 square feet of laboratory former head of Genzyme, one of the world’s and administrative space are expected to be most successful biotech companies, and ready for occupancy in early 2009. More than Chris Liang, a co-inventor of Sutent, Pfizer’s 230 researchers and staffers are already are lead cancer drug, and director of medicinal working in two temporary buildings that later chemistry at Scripps Florida. will later be turned over to FAU. “We are also seeing solid growth in the life Dr. Harry Orf, vice president of scientific sciences ancillary sectors, including law operations, said Scripps Florida is using firms, banks and venture capital funding,” cutting-edge technologies to speed the drug said Kelly Smallridge, president, BDB. “By discovery and development process for new bringing together business, government, ed- medications to treat Alzheimer’s disease, ucation and workforce leaders, we are cancer, diabetes and other autoimmune and The Charles E. Schmidt Medical Center
48 BDB PROFILE FFLL RResearchesearch PParkark BDBBDB 007.indd7.indd 1 99/27/07/27/07 11:09:49:09:49 PMPM Business Education.AL:Layout 1 9/28/07 1:57 PM Page 50
Business Development Board
PALM BEACH COUNTY’S BUSINESS RESOURCE Business Education Advanced Training for the County’s Workforce
Nova Southeastern University
When philanthropists Carole and Barry Kaye for full-time students and working profes- bachelor’s degrees and a master’s degree is donated $16 million to Florida Atlantic sionals. Other leading institutions like becoming a standard for our area,” said University’s (FAU) College of Business in Northwood University and Palm Beach James Miller, assistant director, Nova January 2007—a gift that will be matched by Community College (PBCC) offer undergrad- Southeastern University’s Palm Beach loca- state trust funds—they provided a powerful uate degrees, on-the-job internships and tion in Palm Beach Gardens. boost to Palm Beach County’s business other career-oriented programs. As Palm Beach County grows, the need education programs. “We are noticing a significant percentage of for higher education will increase as well, “With their deep commitment to higher the county’s workforce have earned at least Miller added. “Scripps Florida will be bring- education and their decision to name the ing in scientists with advanced research college, they serve as an inspiration to us and clinical degrees. We see a need for all,” said Dennis Coates, dean of the Barry advanced business degrees for depart- Kaye College of Business. “Their apprecia- ment heads and managers in the bio- tion of FAU’s position as an academic and science companies.” research institution will help FAU ascend to In October, NSU is launching a doctorate the next level.” of business administration program (DBA). For Palm Beach County employers, one of Students can attend one weekend per the region’s strengths is its highly skilled month or three weeks during the year. “Our workforce, including a high percentage of doctorate program will emphasize strong executives and professionals with graduate- analytical skills,” Miller said. “When you level degrees. FAU, Keiser University, Palm graduate with an MBA, you are ready to go Beach Atlantic University and Nova out and be a leader in academics or in Southeastern University (NSU) offer master your company. It’s for people looking to of business administration (MBA) programs make a difference.”
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Business Development Board
PALM BEACH COUNTY’S BUSINESS RESOURCE
giving them first-hand experience about the skills, abilities and knowledge their students need to launch successful careers.
“In these temporary work placements, teach- ers gain a greater understanding of the prac- tical applications of classroom concepts and an appreciation of the learning potential of work-based activities for students,” said Kelly Smallridge, president of the BDB.
Palm Beach Lakes High School teacher Carol Moses, who teaches diversified career technology to mostly 12th graders and over- sees the school’s on-the-job training pro- gram, was intrigued by the BDB’s externship program and thought it would be beneficial in helping her students explore various career opportunities.
During the program, Moses worked along- side Louise Murtaugh, APRP, president and CEO of the Jupiter Tequesta Juno Beach Chamber of Commerce, and gained a clear-
Michael Price er understanding of how the chamber oper- ates. “I had a chance to observe behind-the- FAU Boca Raton scene everyday operations and what it takes A SOLID EDUCATIONAL to run this business,” she said. “I found out that this business includes a large amount of FOUNDATION marketing and managerial skills.”
From advanced degrees to vocational and Many Palm Beach County employers offer adult education programs, Palm Beach internship and career training programs that County provides a complete range of create professional opportunities for area col- programs designed to strengthen career lege students. SunTrust Bank, for example, skills—all built on a solid K-12 foundation. recruits recent graduates like Juan Tagle for its
At the high school level, the Palm Beach 11-month commercial banking program that includes classroom work and on-the-line train- County School District (PBCSD) offers 140 ing in field offices. “Working in a big bank career academies on subjects ranging from allows you to learn a multitude of skills, and the health care to information technology and opportunities for advancement come quickly,” the arts. Approximately 30,000 students are said Tagle, who subsequently was promoted to enrolled in the academies, which benefit relationship manager, West Palm Beach. from ongoing partnerships with the busi- Carol Moses and Louise Murtaugh participate ness community. in the Summer Teacher Externship program HIGHER EDUCATION “Our business people understand that being enhance eco nomic development activities PROGRAMS involved in public education is vital to the and nurture our human capital.” development of our community,” said Art In addition to its highly regarded public Johnson, superintendent, PBCSD. “Students For the seventh consecutive year, the BDB in school system, Palm Beach County has a need to see what they learn in high school 2007 partnered with the PBCSD to offer a wide array of colleges and universities that relates to the real world. Our business part- summer teacher externship program. This offer degrees in business, technical, agricul- nerships help move the community forward, program places educators in the workplace, tural and liberal arts subjects.
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Business Development Board
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To take just one example, Northwood With 48,000 students on four campuses, University offers a variety of business-related Palm Beach Community College (PBCC) programs on its 90-acre West Palm Beach offers programs ranging from apprenticeships campus, and may add a local MBA degree in construction trades to two-year degrees in to the mix in the near future, according to biomedical technology. “When Scripps made John Haynie, provost. the decision to establish a facility in Palm Beach County, we made a commitment to do “We believe a partnership with the educa- all we can to help that industry grow here,” tional community and the local business said Dr. Dennis Gallon, president. community is always important,” Haynie said. “It’s particularly important for In fact, workforce development is an indis- Northwood as our programs are all business. pensable part of day-to-day operations, The use of local business advisory boards to according to Gallon. “We take individuals with guide our curriculum, the employment by varying degrees of readiness and provide a local businesses of our students and gradu- strong curriculum, faculty and support sys- ates, and the volunteer connection of our tem,” he said. “One of our goals is to assure students to local charitable organizations are that trained and educated individuals are good examples of this philosophy.” available to our region’s businesses.” Northwood University Palm Beach County Public Affairs Department
FAU Jupiter “Palm Beach County workforce training incentives provide an Palm Beach Atlantic University (PBAU) is com- nary fields. “Keiser University recognizes the excellent vehicle to help businesses mitted to character formation in all students, critical nature of contributing to the future and seek well-trained employees for their said Dr. David W. Clark, president. “The Rinker economic growth of Florida and the nation,” particular requirements. This is School of Business has taken a front seat in said Belinda Keiser, vice chancellor of com- important for our county because preparing tomorrow’s business leaders to munity relations and student advancement. many small businesses do not have operate in an ethical framework,” he added. “Our philosophy has always been to provide career-focused education that meets the the resources to train people or to do At PBA, each business student is required to economic and workforce demands of the job searches as Workforce Alliance is complete an internship with an area employ- communities in which our campuses are able to do. Because of the diversity er, fostering ties with the business communi- located.” in the labor force of Palm Beach ty. In addition, the school’s international busi- County, Workforce Alliance is able to ness majors can take part in overseas travel Keiser University’s advisory boards—which consist of community leaders and area use its expertise to reach and train opportunities, such as a spring 2008 trip employers—meet twice per year to make people of all nationalities.” planned for Beijing and Shanghai, China. recommendations regarding job-placement Keiser University offers a wide range of busi- opportunities, employment trends, curriculum —Palm Beach County Commissioner ness programs as well as degrees in health and textbook review, and community service, Addie Greene care, information technology, legal and culi- she added.
2007 - 2008 BUSINESS ANNUAL
52 BDB PROFILE Follow the leader.
Lynn University in Boca Raton is one of the most remarkable private college achievements of modern American higher education. Lynn is emerging as a noted force among universities, with:
• Faculty unusually devoted to great teaching and nurturing
• Traditional day undergraduate degree program
• Evening bachelor’s, master’s and doctoral classes
• A wide variety of online degree programs
• An individualized approach to learning
L YNN U NIVERSITY BOCA RATON, FLORIDA
3601 N. Military Trail, Boca Raton, FL 33431 561-237-7900 or 1-800-888-LYNN (Outside Florida) www.lynn.edu
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LLynnynn UUniversityniversity BBDBDB 007.indd7.indd 1 99/27/07/27/07 11:10:03:10:03 PMPM western communities.AL:Layout 1 9/28/07 1:55 PM Page 54
Business Development Board
PALM BEACH COUNTY’S BUSINESS RESOURCE
New Opportunities in the Western
Communities Coveney/FloridaRobert Trail Association
A new hospital, a regional courthouse and a power generation facility are among the major new projects coming to Palm Beach County’s western communities. Other initiatives hold the promise of attracting visitors and bringing new jobs to the cities Middle photo by John Ricksen Photography. of Belle Glade, Pahokee and South Bay. FPL West County Glades General Hospital Energy Center
“We look forward to stimulating and enhancing matching grant program. And the BDB recently the economy of the Glades area,” said Ken Lutz, worked with Tripp Electric Motors, Inc.—a 15-year- president, Lake Okeechobee Regional Economic old Belle Glade company that repairs and rebuilds Alliance of Palm Beach County Inc. (LORE), which electric motors, submersible pumps and redesigns was launched in 2006 with the support of the AC/DC electric motors—to facilitate a $400,000 Business Development Board and area chambers Community Development Block Grant from Palm of commerce. Beach County. The grant will enable Tripp to expand its facility, purchase specialized equipment In January 2007, more than 150 people attended to increase its services and add 21 new jobs with LORE’s Economic Development Summit to get an average salary of $38,880. updates on regional projects, such as a proposed intermodal distribution complex that would be As Lutz said, “Economic development is vital to the operated in conjunction with the Port of Palm future of the western communities. While the Lake Beach (see related article on page 56). Okeechobee Regional Economic Alliance is just get- ting started, we believe we can have an effect here.” Another initiative involves improving boating access to Lake Okeechobee through a new lock. A feasibili- THREE MAJOR PROJECTS ty study has been completed, Lutz said, with Palm Beach County officials approved plans for a construction dependent on availability of funds. new state-of-the-art regional hospital and medical In addition to these economic development projects, offices on a 50-acre site in western Palm Beach Palm Beach County is helping existing businesses County. This will be a $73 million replacement for improve their façades and exteriors through a Glades General Hospital, according to the Health
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Business Development Board
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Care District of Palm Beach County. The district hospital opens, the 73-bed Glades General, which recently formed a nonprofit organization, the Glades opened in 1944, will be retired. Healthcare Foundation, to raise money for the new Construction is now underway on a new West County facility and ongoing health problems in the western Courthouse in Belle Glade that would replace the cur- community. rent one-courtroom building built in 1984. The current criminal justice facility will be torn down after completion of a new $133 million complex on an adjoining site.
Plans for the new West County Courthouse include two courtrooms, two hearing rooms, space for attor- neys and a new jail that would grow from 265 to
John Ricksen Photography 1,450 beds, accommodating roughly half of the county’s inmates. Funded through revenue bonds, the expansion is expected to accommodate the county’s needs through 2025.
Florida Power & Light Company (FPL) also is invest- ing nearly $1.2 billion in the region with a major new
Glades General Hospital CEO David Zechman will stay on as CEO power plant on a 220-acre site in western Palm when the new hospital in western Palm Beach County opens. Beach County. FPL’s new West County Energy Center would have two natural gas-fired units of “The new regional hospital will provide greater care to approximately 1,200 megawatts each to meet the region,” said Dwight D. Chenette, CEO of the increasing demand for electricity from existing and Health Care District of Palm Beach County. “Belle new customers. The first generating unit at FPL’s Glade, Pahokee, South Bay and the surrounding West County Energy Center is expected to be com- communities will benefit from the enhanced access pleted by 2009 and the second unit by June 2010. to state-of-the-art care. The new hospital project also “Once completed, the West County Energy Center will provide economic opportunities to the local com- will benefit Palm Beach and neighboring counties munity. There will be a need for staffing in a variety of with a highly efficient power source located adjacent positions within the new hospital campus, and the to where the growth is taking place,” said Armando Health Care District is interested in recruiting locally.” Olivera, president of FPL. The district expects to break ground on the new 70- The site, which was zoned for power plant use in bed facility on the corner of State Road 80 and U.S. 2000, is located within an area now used for an aggre- 441 by year’s end. The new hospital, which will fea- gate mining operation. Portions of the site that are no ture all private rooms, is expected to be completed in longer actively mined are being used for water storage late 2009. When the new by the South Florida Water Management District.
Rendering of the new regional hospital in western Palm Beach County
Conceptual design: Gresham, Smith and Partners western communities.AL:Layout 1 9/28/07 1:54 PM Page 56
PLANNING AN ‘INLAND PORT’ The Port of Palm Beach is proposing among state agencies, the U.S. Army Corps development of an inland multi-modal of Engineers, the Florida Trails Association logistics complex that would increase South and local organizations. Florida’s freight handling and distribution capacity, while generating major benefits for Signs along the trail direct outdoor enthusi- Palm Beach County’s western communities. asts to environmental and culturally signifi- “This will create an economic engine for the cant points of interest. In addition, the Lake region for jobs and training,” said Kathy Okeechobee Regional Economic Alliance is Andress, deputy director, Port of Palm coordinating an initiative to improve the Beach. “And those potential sites are already trailheads leading up to the hiking and designated as ‘enterprise zones,’ which can bicycling path.
encourage industry investment.” Belle Glade Navigation Lock Site Port Commissioner Edward Oppel is “This would give hikers and riders more “We would expect the plant to be a signifi- chairing a task force charged with moving opportunities to get off the trail, get cant boon for the county and nearby com- the project forward together with the Florida something to eat and explore the munities,” Olivera said. “During construction Department of Transportation (FDOT) on an surrounding communities,” Lutz said. we would expect to contribute approximately economic study. In addition, the port has “It would add to the visitors’ experience $170 million to the local economy in payroll applied for a grant from the Florida of our scenic region.” Department of Community Affairs to address and another $30 to $50 million in purchases environmental, community and overall of materials and equipment. There would master planning issues. also be job opportunities for hundreds of At a recent stakeholder meeting at the skilled workers during construction and we port, FDOT consultant Michael Williamson would expect the plant to employ approxi- of Cambridge Systematics presented a mately 40 to 50 people.” feasibility study that identified a primary site “We are employing the most advanced tech- just south and west of South Bay for the nology so our new plants are fuel efficient new intermodal cargo industrial complex, and protective of the environment,” Olivera as well as four other alternatives. added. “By effectively planning for the future, “The project would centralize cargo dis- we are ensuring that our customers have reli- tribution systems for both rail and truck, and able power when and where they need it.” combine them in a single complex with relat- Sandra Friend/Florida Trail Association ed value-added industrial activities,” Andress said. A new rail connection would be built linking the “inland port” with the Port of Palm A SCENIC TRAIL Beach and the CSX and Florida East Coast One of the western communities’ major Railway (FEC) to the east, while also visitor attractions is the 110-mile Lake affording access to S.R. 80 and U.S. 27. Okeechobee Scenic Trail, which circles the This should create additional opportuni- second largest freshwater lake in the ties for the Port of Palm Beach, particularly continental United States. Known for its for bulk and breakbulk cargoes, via seaport bass fishing, the lake attracts anglers from rail connections, while offering an affordable around the world. alternative for intermodal distribution. The trail itself is located atop the Herbert “Another good reason for this particular Hoover Dike, which surrounds Lake location,” Andress added, “is the need Okeechobee, providing flood protection and to create economic development opportu- scenic lakeside views. Hikers, bicyclists, nities in the state’s rural areas. An inland horseback riders and birdwatchers all take port would create an economic engine in advantage of the elevated trail, a partnership the region.”
2007 - 2008 BUSINESS ANNUAL Sandra Friend/Florida Trail Association 56 BDB PROFILE Hampton Inn BDB 07:Layout 1 9/27/07 1:01 PM Page 1
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Business Development Board
PALM BEACH COUNTY’S BUSINESS RESOURCE Region Strengthens
International Ties All top photos: © 2007 BIOMET 3i, Inc. Used by Permission, all rights reserved.
From its corporate headquarters in Delray With more than 50 international companies The South Florida Canada Program Beach, Office Depot is steadily growing its in Palm Beach County and 1,000-plus in consists of three primary initiatives: busi- international sales in 42 countries around the South Florida region, it’s clear that ness development missions, outreach to the world. Like many other Palm Beach global business is playing an increasingly existing Canadian businesses in South County companies—including BIOMET 3i, important role in South Florida’s regional Florida and a comprehensive, regional a manufacturer of innovative dental implant business growth. marketing program. devices—Office Depot is capitalizing on the region’s strategic location and international A REGIONAL MISSION “This collaborative effort allows us to cover connections to achieve its goals. a greater area and reach out to more TO CANADA At the same time, a growing number of companies than we could as individual overseas companies like Jakob, Inc., a This year, the Business Development organizations,” said Kelly Smallridge, presi- Swiss company that designs and creates Board of Palm Beach County (BDB) dent, BDB. “By creating a joint venture and steel products and structures, are finding teamed with The Miami-Dade Beacon marketing the tri-county area as a region, that Palm Beach County provides an ideal Council (Miami-Dade) and The Broward we’re able to leverage all of South Florida’s platform to enter the United States Alliance to target the Canadian market strengths and benefits to create business marketplace. under the South Florida regional brand. development opportunities.”
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The program will target Canadian compa- As part of the regional program, the South nies in various industries, including avia- Florida organizations are planning three tion/aerospace, financial services, informa- economic development missions: a tion technology and life sciences, as well preparatory mission, a major business as regional headquarter operations. development mission and a trade show or follow-up mission. “This program offers our three counties the opportunity to combine our efforts and The participating organizations also will resources to present a unified economic survey the more than 30 Canadian businesses located in South Florida with message to Canadian companies,”—Frank follow-up visitations planned to identify R. Nero, president and CEO, The Beacon any areas of required assistance and Council. “We have been working together plans for expansion. as a region for a few years now, but this ini- tiative is by far the most substantial effort by In order to launch the South Florida brand, South Florida’s appeal as a business our three counties to market South Florida the program will include a variety of market- location, a DVD presentation and a as a region outside the United States.” ing efforts, including a brochure highlighting comprehensive advertising and public relations campaign.
“Our joint efforts on this initiative take us to another level of regionalism and collabora- tion among our three successful organiza- tions,” said James P. Tarlton, president and CEO, The Broward Alliance. “At the end of the day, it will produce the tangible results we’ve been working toward as a region and is a real win for all of South Florida.”
GROWING INTERNATIONAL ACTIVITY Meanwhile, Palm Beach County continues to attract international investment from around the world. In early 2007,
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Business Development Board
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When completed in 2008, the 625,000- square-foot facility in the Arvida Park of Commerce will consist of three vertical, interconnected, five-story buildings linked by glass-enclosed atriums, and will accommo- date up to 2,500 Office Depot associates.
For Office Depot, international sales repre- Jakob, Inc., a Switzerland-based company sent a growing percentage of the compa- that designs and creates steel products and ny’s $15 billion in annual revenue. During structures, moved to a larger facility in the first quarter of 2007, the company’s Delray Beach. After launching with just one international sales rose 21 percent, fueled employee, the company soon outgrew its by new accounts and greater sales to facilities and with help from the BDB was existing customers within the division’s able to move into a new and expanded contract business. That far surpassed the office for its four-person staff. growth rate of its North American stores.
At the other end of the business spectrum, “We are pleased that we have a business Fortune 500 supplier Office Depot broke model that generates profitable growth even ground last November on its new head- in a challenging quarter,” Odland said. Today, BIOMET 3i has become a worldwide quarters in Boca Raton. leader in the dental reconstructive implant “The creation of a new global headquarters RECOGNIZED FOR market, developing new products and tech- marks a significant milestone in Office nologies such as bone substitute materials Depot’s history,” said Steve Odland, chair- EXPORT SUCCESS and autologous growth factors. BIOMET 3i man and CEO. “It symbolizes not only our Located in Palm Beach Gardens, Implant pioneered the development of biologically growth—from a company operating a single Innovations®, Inc. (3i) was co-founded in driven implants, winning worldwide acclaim store in South Florida to a $15 billion 1987 by a periodontist and an engineer who for superior clinical success rates. The com- enterprise serving customers in 42 believed patients deserved better fitting and pany also provides educational programs countries—but also our commitment to the looking implant restorations than could be and seminars for dental professionals local community that gave us our start.” accomplished with available implant systems. around the world.
In 2006, the company “The creation of a new global headquar- received the Governor’s ters marks a significant milestone in Business Diversification Office Depot's history, It symbolizes not Award for Export Excellence at a ceremony in only our growth—from a company Tallahassee. The awards operating a single store in South Florida program, developed by to a $15 billion enterprise serving Enterprise Florida Inc., customers in 42 countries—but also is designed to recognize companies for their efforts to our commitment to the local community diversify and enrich the that gave us our start.” state’s economy by creating
—Steve Odland, chairman and CEO high-wage jobs and invest- ing in their communities.
Office Depot’s 28-acre corporate campus— Twelve years later, BIOMET®, Inc., a leading “These companies have demonstrated which includes its Latin American regional manufacturer of orthopedic components, exceptional innovation and dedication to office—provides a home designed to support acquired 3i, enhancing the company’s R&D Florida’s economic growth,” said John the company’s continued growth over the resources and growth potential. To increase Adams, president and CEO of Enterprise next 20 years and beyond. As part of its global awareness and recognition, 3i Florida. “They are increasing capital relocation, the company expects to expand products recently began selling under investment and promoting positive its local workforce over time. the BIOMET 3i name. corporate citizenship as well.”
2007 - 2008 BUSINESS ANNUAL
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An Appealing Blend of Executive Lifestyles
PGA National Resort & Spa
“We have the beautiful, natural amenities like beaches and weather that have been drawing people here since the turn of the Photo by Barry Kinsella Photo by Visit Palm Beach century,” said Rena Blades, presi- Tom Lynch is one of Palm Beach scenic rivers and wetlands navigable by dent/CEO, Palm Beach County Cultural County’s many executives who enjoys canoe or kayak—Palm Beach County has Council. “And now, we have more major a round of golf from time to time. “It’s plenty of outdoor recreational activities for cultural organizations in Palm Beach relaxing and enjoyable, and I try to play busy executives and professionals. County than any other place in Florida.” a couple of times a week,” said Lynch, And the county has plenty of other Residents also enjoy exceptional dining who is president of Plastridge Insurance “fresh air” assets as well, including more and shopping experiences, from the ele- in Delray Beach and former chairman of than 1,100 tennis courts, bicycling gant boutiques of Worth Avenue in Palm the Business Development Board of Palm paths, horseback trails, baseball fields, Beach to the unique Clematis Street Beach County (BDB). “My wife and six county and city parks, and 47 miles of entertainment district and CityPlace in kids all play golf, and it’s also a great sandy Atlantic Ocean beaches. Both the West Palm Beach and Boca Raton’s land- way to enjoy the outdoors with friends Florida Marlins and the St. Louis mark Mizner Park shopping, restaurant and clients.” Cardinals hold spring training at Roger and entertainment destination. On the other hand, Steven McCraney, Dean Stadium in Jupiter. president of McCraney Property Group, But unlike many warm-weather destina- West Palm Beach, is a boating enthusi- tions, Palm Beach County also is ast who enjoys his 37-foot Intrepid. “My renowned for its world-class arts and cul- wife, our three girls and I spend a tural scene, supported by more than 400 tremendous time on the water,” he said. local organizations. From the Raymond F. “Recently, we opted to cancel our ski Kravis Center for the Performing Arts and trip and traveled up Florida’s Intracoastal Norton Museum of Art in West Palm Waterway to historic St. Augustine and Beach to Ballet Florida and the Boca had a great family time.” Raton Museum of Art, Palm Beach With over 160 golf courses, hundreds of County offers vibrant, year-round miles of inland waterways—including arts activities.
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“We have more major cultural organizations in Palm Beach County than any other place in Florida.”
—Rena Blades, president/CEO, Palm Beach County Cultural Council
Roger Dean Stadium Phot by Barry Kinsella
Every May, South Floridians flock to fosters year-round outdoor activities. of America, which has been based in downtown West Palm Beach to celebrate This is truly a place you can live, Palm Beach Gardens since 1965. SunFest, the state’s largest music, art and work and play 12 months a year.” A who’s who of professional golfers live in waterfront festival. The festival—which Palm Beach County, including Jack recently marked its 25th anniversary— Nicklaus, Greg Norman, Ray Floyd and features a fine art and craft show, musical A GOLF CAPITAL Tom Fazio. The county also is home to the performances by national recording While Palm Beach County offers a rich prestigious LPGA Women’s ADT artists, children’s activities, food and blend of lifestyles, there’s no question that Championship at Trump International refreshments, and one of the East for many executives and entrepreneurs, Golf Club and The Honda Coast’s largest fireworks displays. golf is at the top of the list. Classic at PGA National “When people choose Palm Beach “With more courses than any other U.S. Resort and Spa. County, I believe they are making a county, Palm Beach County offers a During the past four business decision that’s accommodated tremendous range of golfing opportunities decades, PGA of by a lifestyle choice,” McCraney said. from resorts and private clubs to semi-pri- America has hosted “Many of us have lived up north and vate and public courses,” said Jamie premier golf events, really appreciate a warm climate that Carbone, director of public relations, PGA including the 1971 and 1987 PGA Championships, the 1983 Ryder Cup Matches and 26 Senior PGA Championships between 1965 and 2000.
“The events brought worldwide attention and tourism to Palm Beach County, as network television showcased South Florida with the exposure and economic impact valued in millions of dollars,” Carbone said. “Additionally, The PGA of
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Business Development Board
PALM BEACH COUNTY’S BUSINESS RESOURCE
America has supported various Palm the state’s Artificial Reef Program, includ- Beach County-based charitable organiza- ing the popular Princess Anne, a 400-foot tions, including the Boys and Girls Club car ferry sunk in the 1980s. and the United Way, and has given grants As McCraney said, “Anyone who loves to various junior golf programs throughout the water will appreciate living in Palm the county.” Beach County.”
CityPlace Worth Avenue’s 150 Worth Town Center at Boca Raton
LIFE ON THE WATER BDB’S ASSISTANCE IS PAR FOR THE COURSE! With the Atlantic Ocean on the east, the
The Business Development Board of Palm Beach County (BDB) Left photo: CJ Walker Everglades on the west and the scenic provided support to Aquila Property Company, a South Florida real Loxahatchee River to the north, Palm estate investment and management firm, in its acquisition of Binks Beach County is almost surrounded by Forest Golf Club in Wellington. The 18-hole club, closed for nearly five water. Executives who enjoy a nautical years, is scheduled to reopen in fall 2007 under the management of lifestyle can live on the Intracoastal KemperSports, a national leader in golf course management and Waterway or inland rivers and canals that development. Aquila’s plans include revamping the current clubhouse offer access to the ocean. and building a 90-unit residential community. The BDB provided resources and connections to key companies and organizations, For fishermen, Lake Okeechobee in including the Workforce Alliance, which will help recruit candidates western Palm Beach County offers some for the club’s 65 newly created positions. of the world’s finest freshwater bass habitats, while marlin, swordfish and other game fish can be found in the Gulf Stream a few miles offshore.
Divers take advantage of underwater coral reefs, which are home to sea turtles, moray eels, nurse sharks and other tropical and sport fish. There also are numerous wrecks to explore through
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BUILT 100% Back Up Power provides BUILT “Business As Usual” environment Class A+: PROCACCIPROCACCI Prestige, Location and Durability Hurricane-resistant infrastructure STRONG. provides maximum protection STRONG. Just off Okeechobee & Florida’s Turnpike – providing easy access Professional Office Space For Lease to I-95 & Palm Beach International Professional Office Space For Lease Airport and minutes from City Place