Published On: Mon, Apr 8th, 2019

City of Boca Raton – Office of Economic Development

Boca. Business. Brief.

We recently toured the new Christine E. Lynn University Center on Lynn University’s campus. With 24-hour dining, a career center, the campus book store, Christine’s bar, Elaine’s coffee shop, collaboration spaces and an incubator – we could have spent all day on campus.

 

Sushi Maki opened its 18th location at the Whole Foods on Glades Road. Although this is their first partnership with Whole Foods and Amazon, Sushi Maki has been a supplier of Whole Foods and was named 2018’s Supplier of the Year. We attend several grand openings and ribbon cuttings, but this was one of our favorites. At Sushi Maki they don’t cut a ribbon – they cut a giant sushi roll.

Business Briefs:

The office/warehouse building at 700 Banyan Trail traded for $2.6 Million. The building was constructed in 1968, is 175,715-square-feet and sits on 10.9 acres.

Office Depot announced a strategic partnership with Alibaba.com. The collaboration aims to help U.S. small businesses tap into a global B2B commerce market that the U.S. International Trade Commission says is worth $23.9 trillion.

Phoenix Tower International continues its rapid expansion into S. America with the recent acquisition of 600 wireless communication tower sites in Bolivia.

ADT recently closed the acquisition of Red Hawk Fire and Security for $317 million in cash and continues to acquire companies across the US. This month, they announced the purchase of Pennsylvania based Lifeshield for $25 million.

We hosted our first Boca. Business. Brief. earlier this month. The free event took place at the Spanish River Library. We teamed up with our Recreation Services Dept. to discuss the benefits of living, working and playing in our beautiful city. We plan to host a similar event next quarter and will provide details once the agenda has been set. If interested in attending upcoming seminars, please let us know at EconomicDevelopment@myBoca.us.

 

Our team works diligently to share any and all corporate news taking place in the City of Boca Raton.  If you have corporate news to share, please reach out.   We would love to hear (and share)  it.

Click for a look at our Quarterly Report

Want to see what we’ve been up to? Follow us on Facebook @BocaEconomicDevelopment.

 

About the Author

- In April 2015, Jessica Del Vecchio joined the City of Boca Raton as its first economic development manager and was tasked with leading the newly established Economic Development Division. Since its inception, the Office of Economic Development has successfully facilitated a number of corporate relocation and expansion projects; including one of the largest deals in Palm Beach County, which committed to creating 838 new jobs in Boca Raton. Prior to accepting the role, Jessica spent 15 years in the finance industry. Attaining FINRA Series 3, 7, 63, 65 and Florida’s Life, Health and Variable Annuity licenses, she spent 8 years at Smith Barney and 7 years at Haar Capital, both based in Boca Raton. Del Vecchio has lived in Boca since 1991 and attended Lynn University. Graduating with a bachelor’s degree in Business Management and an MBA in Finance, Jessica proudly spoke at her graduation ceremony. The Office of Economic Development is ready to assist in any and all corporate relocation and expansion needs and may be reached at EconomicDevelopment@MyBoca.us.

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