Published On: Wed, Jan 29th, 2020

City of Boca Raton – Office of Economic Development

 

Boca. Business. Briefs.

Phoenix Tower International (PTI) entered into agreements to acquire 1,408 towers in Ecuador and 1,046 towers in Colombia. With these two recent acquisitions, PTI will own and operate over 7,000 towers across Latin America. Founded in 2013, this international company is thriving.

 

Two of the five companies in Palm Beach County that outperformed the S&P 500 this past decade, are based in Boca Raton. SBA Communications (NASDAQ: SBAC) was up 630 percent and Geo Group (NYSE: GEO) increased by 227 percent.

 

 

Associate Professor of Marketing from Lynn University, Andrew Burnstine, was recently featured on a segment of WPTV’s The List. The List is a daily syndicated television show that’s entering its 8th season. Professor Burnstine discussed the benefits of recycled textiles and the environmental impacts of sustainability.

ADT acquired its largest independent dealer, Defenders for approximately $381 million. Founded in 1998 and headquartered in Indianapolis, Defenders has approximately 2,900 team members across 130 field branch locations and has developed a best-in-class direct marketing skillset, currently generating more than 6 billion ADT advertising impressions annually.

 

 

The Hispanic Entrepreneur Initiative (HEI) recently launched in Boca Raton. This 501(c)(3) was created with the mission to empower the South Florida Hispanic Entrepreneur community through educational programs, to increase their odds of sustainable business success in the U.S., and to optimize the quality and length of their learning cycle as business owners. The newly established organization will provide the tools for the development of capabilities for the Hispanic entrepreneurs and opportunities to access the Hispanic market to other corporations. The programs will be in English and Spanish and will build a bridge between the entrepreneurs and corporations seeking to enter the U.S. and Hispanic markets.

Quality of Life:

Boca’s dog beach received some well-deserved recognition in a recent edition of Forbes magazine. The list included seven dog beaches across the U.S., from Washington, Michigan, New Jersey and California – Boca’s Bark Beach is in good company.

Boca Raton – Make your next move your best move.

Have corporate news to share or looking to relocate/expand your company to Boca Raton? Contact the city’s economic development office at [email protected] Want to see what we are 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 over a dozen 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, Jess 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 [email protected]

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