Advancing Financial Services | UTC’s Center for Intelligent Buildings | Students Claim Their Future
A Quarterly Economic Development Publication
Dr. Robert Avossa’s
Spring 2016
BoldVision for the School District of Palm Beach County
Avossa:
‘Every student deserves a world-class education’
Palm Beach County Continues to Attract Financial Firms
Private equity, hedge funds and other financial firms are comming to Palm Beach County.
News & Events
New Industrial Space Increases County’s Commercial Inventory Did You Know 2016 National Engineer’s Week Honors & Awards Banquet Relocations & Expansions
South Africa
A Springboard for Export Opportunities
It’s All Connected
Education as Smart Economic Development Policy in Palm Beach County
Claim Your Future
Businesses Give Students Opportunities
ON THE COVER Dr. Robert Avossa talks with a Palm Beach County elementary school student.
McDonough Outlines Plans
UTC Center for Intelligent Buildings
7 8 10 11 12 14
CONTENTS
Glades Gateway Commerce Park
Attracts the interest of Manufacturers and Distributors
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Welcome from the President TO OUR MEMBERS AND PARTNERS: Investing in education delivers a powerful return for everyone in our community. Our students benefit from personalized learning strategies that engage their curiosity and build their knowledge and capabilities. Parents benefit by knowing their children are learning in safe, modern schools. And our businesses benefit from partnerships and internships that bring talented young adults to the workplace where they can build fulfilling careers right here in Palm Beach County. Every member of the Business Development Board understands the importance of education to the future of our community. It is crucial to the economic development initiatives that bring new jobs to Palm Beach County and to build the workforce we need today – not to mention tomorrow. A recent statewide survey by the Florida Chamber Foundation found that perceptions about our state’s education system don’t always match reality. While 51 percent of Floridians felt our education system was better than other states, only 28 percent of executives feel this way. This despite dramatic gains in high school graduation rates, the ratio of students passing advanced placement (AP) exams and the fact that Florida outperformed the nation in fourth-grade reading among all subgroups of students. In addition, innovations in Florida education policy such as in school choice and school accountability strengthen our schools. The BDB continues to be a powerful advocate for excellence in education in our public and private schools, colleges, universities and workforce training programs. In fact, this issue of Palm Beach County Business focuses on some of our recent educational programs, including a dynamic presentation by Superintendent Robert Avossa on our school district’s five-year strategic plan that was co-hosted by the Business Development Board of Palm Beach County and the Education Foundation of Palm Beach County. You will also read about our recent “Claim Your Future” showcase, presented in partnership with the School District of Palm Beach County, that fostered career-building opportunities for our students. As we move forward into 2016, I encourage everyone to invest in our educational system and help our new superintendent turn our school district’s bold vision into reality.
Kelly Smallridge President and CEO
Business Development Board of Palm Beach County, Inc. 310 Evernia Street | West Palm Beach, FL 33401 561.835.1008 | www.bdb.org Palm Beach County’s Economic Development Resource
Published by » Passport
Publications & Media Corporation
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Avossa: “ We want our district
to be the best choice for all students
”
— Dr. Robert Avossa, Superintendent, School District of Palm Beach County
Dr. Robert Avossa believes every Palm Beach County student deserves a world-class education. “Many things have changed in the past 50 years, particularly the diversity in our classrooms,” he said. ‘But we have not changed enough to meet the needs of high-performing students, those who are in the middle and those who struggle.” Avossa outlined the Palm Beach County School Board’s new five year strategic plan at a sold-out March 4 luncheon, “Education Forecast 2016,” hosted by the Business Development Board of Palm Beach County and the Education Foundation of Palm Beach County. “We want our district to be the best choice for all students,” Avossa said. Chuck Shaw, School Board chairman, introduced Avossa to the 700-plus attendees. “Our board is excited about the new plan, but we can’t do it alone,” he said. “We need the help of everyone in this room.” Gina Melby, BDB chair, and Val Perez, chairman of the Education Foundation, also emphasized the spirit of business-education partnerships in welcoming attendees to the Kravis Center event, whose presenting sponsors were FPL and United HealthCare. “Our business and education leaders must work together to build the best environment for our children,” Melby said. “In that regard, more than 1,200 Palm Beach County businesses have formed partnerships with our schools.”
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Prior to the luncheon, students from 10 Palm Beach County elementary, middle and senior high schools talked about their academies and special programs, and answered questions from business leaders at the event. In addition, two distinguished graduates of Palm Beach County public schools received the 2016 Distinguished Alumni Awards: Dan Cane, CEO of Modernizing Medicine in Boca Raton, and Ethel Isaacs Williams, director of corporate engagement, diversity and inclusion, NextEra Energy. “I come from a proud family of teachers,” said Williams. “I stand on the shoulders of everyone in our public school system who told me, ‘Little girl, you can do it!’” Avossa’s keynote presentation came just two days after the school board approved a five-year strategic plan (2016-2021) with a theme of “Growing. Strong.” That strategic plan (available online at palmbeachschools.org/ strategicplan) included four key long-term outcomes: n Increase reading on grade level by third grade. Avossa said only 50 percent of the district’s third graders are now reading at that level, with significant variations in gender, race and ethnicity. “We are spending millions on remediation programs, and our teachers are doing a great job of improving reading skills,” he said. “But we know it would be far better to spend that on the front end before they get to third grade.”
‘Every student deserves a world-class education’
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Ensure high school readiness. “It’s not enough to prepare our middle school students for the rigorous academic challenges of high school,” Avossa said. “We need to be provide wrap-around support services so our students can attend school consistently.” He noted that five years ago, 1,900 eighth graders missed over 11 days of school, including many who stayed home to watch sick brothers or sisters while a parent went to work. “We need to help children who have a hard time working through their emotional problems or who don’t feel safe at home,” he said. “By defusing those issues, we can improve attendance and behavior at school so our teachers can do what they do best.” Increase the high school graduation rate. “Currently, 85 percent of Palm Beach County high school students are getting their diplomas on time,” Avossa said. However, those graduation rates are much lower for children whose families are in poverty (77 percent) and English-language learners (58 percent). “In the next ten years, more than 40 percent of our students will be Hispanics, so we need to address this issue now.” Foster post-graduate success. “Today, nearly 70 percent of graduates
enter college, but a large number find it difficult and often return home. For many students, going to a technical college and learning a trade is the right choice,” Avossa said. “After all, we all have our own paths to success. But in any case, we want to ensure that our children have opportunities to move into meaningful jobs and careers.” Avossa also said the school system would provide more support to the top one percent of students. “We want to keep these gifted and talented kids engaged in learning,” he said. “So, we want to identify them and help them achieve their best potential.” Other themes that Avossa highlighted in his talk included the importance of personalizing learning to meet the needs of individual students, from the gifted to those who need additional support. “We also want to expand technology, and build our teachers’ cultural competencies in order to serve our increasingly diverse community,” he said. “But we want to be sure to invest in people, not programs.” He also emphasized the importance of making schools safe places for students without harassment and bullying, and for involving more parents in their children’s schools. Summing up the prevailing sentiment at the luncheon, Melby said, “We salute the bold vision of Dr. Avossa for our community's future.”
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Palm Beach County
Continues to Attract Financial Firms
From left, Nathan Flack, Frank Duemmier, Emily Clifford, Brodi Jackson, and Kelly Smallridge
A high quality of life, low taxes and upscale demographics continue to attract private equity, hedge funds and other financial firms to Palm Beach County. “We have a number of firms relocating their offices from the Northeast to our warm environment,” said Kelly Smallridge, president and CEO, Business Development Board at a January 21 financial services luncheon. “With affordable office space, easy access to wealth, connections to Latin America, and a strong educational system, it’s not surprising they are choosing Palm Beach County.” Overall, 11 new financial services companies like Skybridge Capital, Tudor Investment and Wexford Capital have come to Palm Beach County in the past few years and two area firms have expanded, creating 262 new jobs and retaining 86 jobs in this sector, added Smallridge. More than 300 business and civic leaders attended the luncheon at the Kravis Center, which was supported by the BDB’s 2016 Investor Partners, BDO and Bank of America. Emily Clifford, vice president, JP Morgan and co-chair of the BDB Business Financial Task Force, introduced Doug Kass, president, Seabreeze Partners Management, Inc., who moderated a panel discussion with three financial services executives: n Frank Duemmler, chief operating officer and chief financial officer, Kayne Anderson, an investment firm in Boca Raton. n Robert Garvy, founder and chairman emeritus, INTECH LLC, an
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investment management firm in West Palm Beach. Brodi Jackson, co-founder and managing principal, Caerus Ventures, a West Palm Beach venture capital firm. Duemmler said Kayne Anderson has had great success since moving here in 2013. “We are a private equity firm investing in student housing, medical offices and other types of real estate across the U.S.,” he said. “We encourage our friends in the financial services industry to come down here and visit. The more people learn about our quality of life, the more they like it.” Garvy said, “Florida’s growing population, $750 billion economy and pro-business environment indicate a bright future for financial services providers. “Our transportation network, including three international airports, makes it easy for clients to come here from China, Europe, the Middle East and Latin America.” One of the biggest issues for financial firms is infrastructure, he added. “We needed power systems that can’t go down in a storm, and the ability to execute trades instantaneously 24/7/365,” Garvy said. “We found that at CitiPlace Tower, but we definitely need more Class A office space.” Jackson mentioned that she came to Palm Beach County in 2011 to care for a sick parent, but soon recognized the entrepreneurial spirit of the South Florida region. “I saw a great opportunity to launch a firm in the collaborative environment, and decided not to go back to New York,” she said. “Now, we are getting the word out to institutional investors that we have a real financial services community here.” n
Manufacturers, Distributors
Showing Interest in Glades Gateway Commerce Park
With its strategic location in western Palm Beach County, Glades Gateway Commerce Park is attracting interest from manufacturers, distributors and logistics companies. “We want to bring in new development and generate jobs for our region,” said Henry Rionda, Jr., president and managing partner, BGI Group LLC, whose partners include former Belle Glade mayor Tom Altman. While there are a number of potential uses for this 191-acre shovel-ready property, logistics and manufacturing are high on the list, according to Luke Jackson, vice president, the Glades Region, Business Development Board. “This location offers immediate access to S.R. 80, quick access to U.S. 27, and it is also directly served by rail with
approximately half a mile of track running through the center of the property,” he said. Jackson added that the commerce center has all utilities (gas, water, sewer, electric) running into the facility, with the option to increase capacity for utility use as needed. The property also features more than 40,000 square feet of potential warehouse or manufacturing space. It is next to Lakeside Memorial Hospital and near multiple city and county offices. “The City of Belle Glade, Palm Beach County, and the State of Florida remain committed to job creation in the Glades region, and they are willing to work to incentivize businesses interested in operating in this area,” Jackson said.
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News Events New Industrial Space Increases County’s Commercial Inventory Duke Realty Corporation is building two new industrial buildings in Turnpike Crossing, its industrial park at Florida’s Turnpike at Jog Road in West Palm Beach. The 102,850-squarefoot and 122,400-square-foot buildings are slated for delivery this spring. “Demand for distribution space in South Florida remains strong, especially in Palm Beach County, but the availability of well-located, modern facilities with large blocks of space is limited,” said Ed Mitchell, senior vice president of Duke Realty’s Florida Region. “With the delivery of these two buildings, Duke Realty will bring to market 225,250 square feet of new, Class A warehouse space in a highly-accessible and visible location that tenants can move into right away.” Nearby, McCraney Property Co. plans to develop 388,000 square feet of warehouse/distribution space at its Turnpike Business Park east of Florida’s Turnpike on Belvedere Road. The 47-acre business park can accommodate up to 600,000 square feet of distribution and flex space.
Did YOU Know
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The Business Development Board hosted the 2016 National Engineer’s Week Honors & Awards Banquet on February 19 at the PGA National Resort & Spa. Students from throughout the region attended the event, which included a keynote presentation by Dr. L. Dale Thomas, a retired NASA executive, on “Additive Manufacturing (3-D Printing) and Model-Based Systems Engineering, and what they mean to the future of Aerospace.”
Dr. L. Dale Thomas, Nasa
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Palm Beach County has the highest average wage of all counties in Florida. According to Enterprise Florida figures released in January, the county’s 2014 average annual wage was $49,123, well above the statewide average of $44,065 Palm Beach County is the cheapest place in the developed world to run a medical device plant, according to a study by The Boyd Co., a location consultant in Princeton, New Jersey. CareerSource Palm Beach County announced that 2015 ended with the lowest Palm Beach County unemployment rate in eight years – 4.5 percent in December 2015 – and falling 0.3 percentage points over the year.
Relocations & Expansions Charleston Laboratories Charleston Laboratories, Inc. is expanding its operations and creating 25 new jobs in Palm Beach County. The BDB, in cooperation with Enterprise Florida, the Florida Department of Economic Opportunity and the Town of Jupiter, worked with the company on this expansion project. Charleston Laboratories is making a capital investment of $4 million in the purchase and renovation of an office building in Jupiter for its new headquarters. The company received a Florida Qualified Target Industry Tax Refund of $140,000 from the State and an additional $35,000 in incentives from the Town of Jupiter. Paul Bosse, president and CEO of Charleston Laboratories, Inc., said, “Florida is a great fit for the Charleston headquarters due to rich talent within the state and its ability to attract top talent from other areas with its dynamic economic environment.”
RADISE International RADISE International, a global leader in providing wireless embedded data collector (EDC) solutions, will expand its operations in Palm Beach County. In January, the Riviera Beach company announced it will add 60 new jobs to its existing workforce of 50. The BDB assisted in the zoning and permitting process with the City of Riviera Beach. Founded in 1997 by Kumar and Vishala Allady, RADISE recently acquired Smart Structures, expanding its footprint within the U.S. and globally. “Creating new, high-paying, high-tech jobs for Florida is essential to the future economic growth of the state,” said Kumar Allady, President of RADISE International. “Our new Smart Structures
technology will be a key contributor to this strategic initiative. We look forward to many more years of success here in Florida.” RADISE has been awarded and recognized by Grow Florida, the South Florida Business Journal and the Palm Beach County Conference & Expo. RADISE has also worked closely with Florida Atlantic University to fund a research project for the Department of Civil Engineering and sponsor a Ph.D. student. “RADISE works with a wide range of clients including small local companies, government agencies and to large worldwide corporations,” said Kelly Smallridge, President and CEO of the Business Development Board of Palm Beach County. “The company’s growth is impressive and it is indicative of the area’s encouragement of the county’s growing high tech and engineering clusters.
Surfis Inc Surfis Inc., a manufacturer of standup paddleboards, is moving its headquarters to Palm Beach County from Wisconsin. The company will occupy warehouse and showroom space in Boynton Beach, where it intends to hire 12 new employees within its first year of operation. The BDB assisted the company by providing real estate information, conducting site tours, offering employee recruitment assistance through CareerSource Palm Beach County, and establishing connections with industry leaders and government officials. “Surfis is an innovative company that manufactures and develops new technology for outdoor gear and sporting goods, including Whaleback Paddleboards,” said Kelly Smallridge, BDB president and CEO. “With plenty of waterfront access and with a population that loves water activities, Palm Beach County is the perfect location for this growing company.”
Kelly Smallridge, BDB
Jim Maus, Aerojet Rocketdyne
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South Africa:
A Springboard for Export Opportunities
From left, John Diep, Thembelihle Ndlovu, Abigail Ellary, Neville Matjie, Gary Hines and Bryant Salter
For Palm Beach County companies, South Africa can be a strategic platform for launching commercial initiatives in the world’s fastestgrowing continent. “This can be a great market for you,” said Bryant Salter, director for Enterprise Florida trade expansion program Africa. “There are 1.3 billion consumers including a growing middle class, and regional trade pacts that allow Florida companies to launch long-term export programs.” Salter spoke at an Enterprise Florida presentation on “Trade and Investment Opportunities in the South Africa Development Region” hosted by the Business Development Board on February 12. More than a dozen area companies attended the trade promotion session, organized by Gary Hines, senior vice president, BDB, and John Diep, regional director, international trade development Enterprise Florida. Attendees included representatives of companies in software, manufacturing, healthcare, finance and other sectors. At the session, Neville Matjie, executive manager, trade and investment, for the South African province of KwaZulu-Natal, noted that the southern Africa region has seen a “huge upward increase” in trade in the past decade. “South Africa has a strong financial and legal system that supports business investment,” he said. “Like Florida, South Africa occupies a strategic position for global trade, and our time zone makes it easy to do business with the Far East in the morning, Europe during the day and the U.S. in the afternoon.”
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Matjie stated that more than 600 major infrastructure projects are underway in South Africa’s nine provinces, including developments at the ports of Durban and Richards Bay in KwaZulu-Natal. “The government will spend more than U.S. $115 billion over the next three years on new power stations, road networks, rail and port facilities, and other projects,” he added. Thembelihle Ndlovu, project manager, trade and investment, KwaZulu-Natal, added that the agriculture, water and energy sectors welcome direct investment by U.S. companies. “Our rich Zulu history, mix of cultures, natural wildlife and scenic beauty, also makes our province an excellent location for tourism investment,” she said. Abigail Ellary, director, trade & foreign direct investment, Enterprise Florida, Southern Africa, noted that technology, aviation/aerospace, mining and “green” industries are other sectors with “excellent opportunities” for Florida exporters throughout the Southern African Development Community (SADC), whose 15 member states include Mozambique, Tanzania, Zambia, Zimbabwe and South Africa. She also manages Florida trade and investment interests in Tanzania and Kenya through Zurcom International. “We have offices on the ground, and can help Palm Beach County businesses connect with local partners in the region,” she said. “There are many opportunities for growing two-way trade between our markets.”
It’s All Connected Education as Smart Economic Development Policy in Palm Beach County
By Sherry Howard, Deputy Director Palm Beach County Department of Economic Sustainability
Palm Beach County’s strong economy, diverse population, great educational institutions, world-renowned location, and unsurpassed quality of life make it the ideal place to work, to learn, to live, and to do business. But, when it comes to developing and promoting a highly-skilled workforce and mix of business-friendly assets… it’s all connected! Palm Beach County’s continued economic success is a goal shared between Palm Beach County’s Department of Economic Sustainability and the Business Development Board. But business incentive offerings cannot, on their own, be the principal driver of economic development in Palm Beach County. Palm Beach County’s educational resources in the private and public sectors are valuable assets that can facilitate economic growth and attract businesses looking to locate or expand here. Ensuring the county’s educational offerings are academically rigorous and economically relevant is of immediate importance to the county’s workforce and the businesses it ultimately supports. Providing access to high quality education not only expands economic opportunity for Palm Beach County residents, but strengthens our economy and our ability to grow and attract high-wage employers. That is why we stay connected to our public and private counterparts in the academic, vocational training, and work force development sectors here in Palm Beach County. A productive economy in Palm Beach County supports both
higher wages for workers and higher profits for businesses. As such, the question of how to increase productivity is at the center of any debate about the county’s economic development. The answer to that question invariably lies in education in all its varied forms including: vocational training, skill building, secondary and post-secondary learning, adult education, apprenticeships, and integration between academic and work experiences. Connecting education and business is neither one-directional nor simply about providing potential employers with a cadre of potential employees with work-relevant skills. Instead, the connection must be reciprocal, where educators, employers, and economic developers work together to develop ongoing opportunities to build and enhance the skills and experience of current and potential employees. The Palm Beach County Department of Economic Sustainability and the Business Development Board have built a strong foundation for economic success and shared prosperity by connecting our work to the efforts of our education-focused counterparts that make our residents more productive. When the business, educational, and workforce development sectors stay connected in the work, all of Palm Beach County shares in the rewards of success. To learn more about the Department of Economic Sustainability or any of the County’s business assistance programs, please contact me at 561-233-2653 or showard@pbcgov.org.
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Businesses Give Students an Opportunity to
Claim Your More than 40 Palm Beach County employers provided information about career paths and job opportunities to area high school students from multiple schools on February 2 at “Claim Your Future,” a first-of-its-kind education event at the Palm Beach County Convention Center “This unprecedented partnership among the School District of Palm Beach County, Palm Beach County employers and the Business Development Board demonstrates that our community is committed to investing in the future of our workforce,” said Kelly Smallridge, BDB president and CEO. Representatives from area companies in life sciences, healthcare, aviation/aerospace, engineering, financial services and marketing set up booths in the convention center for one-on-one conversations with students about career opportunities. “It’s a great way for me to learn more about aviation,” said Shamir Bezares, a student at South Tech, at the Pratt & Whitney booth. Dr. Peter Licata, assistant superintendent, Division of Choice Options, the School District of Palm Beach County, added, “We want our students to know that they are valued members of our community and that they can stay here and have great careers with our growing base of national and local employers.”
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Students listen closely at health professions panel.
Ann M. Klecan, Manpower business development manager, with Santiago Soto, South Tech
Laura Cannizzaro, Lisa Medland and Eileen Sobel, Sancilio & Company
Future
Palm Beach County’s Economic Development Resource
Carey O’Donnell, Jorge Marquez, Brandy Stephenson and Sarah Filosa
Frank Romano, TD Bank, talks with Olympic Heights students Allison Kraus and Taylor Crowell
Jennifer Thomas, test engineer, Pratt & Whitney, (second from left) with South Tech students Shamir Bezares, Samuel Jacobs and Benito Supplice
From left, Tina Lamantia, TD Bank recruiter, with Olympic Heights students Allison Kraus and Taylor Crowell, and TD Bank's Lisseth Jarquin and Frank Roman
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McDonough Outlines Plans
for UTC Center for Intelligent Buildings “The Palm Beach County community works together to get things done” – Gov. Rick Scott
Bob McDonough, Kelly Smallridge, Gov. Rick Scott
Palm Beach County will soon be home to one of the world’s smartest “green” buildings. Now under construction in Jupiter at I-95 and Donald Ross Road, the UTC Center for Intelligent Buildings will showcase advanced technology and provide a model for the future of commercial development. “This first-of-its-kind intelligent building will provide opportunities for owners, developers and designers to interact with advanced building technologies in a unique way,” said Robert J. McDonough. president, UTC Climate, Controls & Security at the Business Development Board’s first-quarter breakfast on December 17 at the Kravis Center. Grand sponsors were Gunster and The Kolter Group. McDonough told the region’s business leaders that Palm Beach County was a “perfect fit” for UTC’s new center. “This is an ideal destination for our customers with convenient access, high visibility, quality housing and a great climate that lets us demonstrate our technology year round,” he said. “Our thanks to the State of Florida for fostering investment in business innovation.” Gov. Rick Scott also spoke at the morning event, and praised the leadership of Kelly Smallridge, president and CEO, Business Development Board. “The Palm Beach County community works together to get things done,” he said. “It’s a pleasure for me to meet the
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UTC team and celebrate your county’s success.” Scott also emphasized the importance of diversifying the state’s economy, including more manufacturing, technology and corporate offices. “We need to maintain Florida’s incentive funding programs to compete with other states,” he added. “I want my four grandchildren to be able to find great jobs and live in Florida.” McDonough said the UTC Center for Intelligent Buildings will demonstrate the benefits of integrating energy efficient systems and designs. “Its energy use will be less than half the typical office building,” he said. “That’s an important step toward sustainability since buildings consume about 40 percent of the world’s energy.” The center’s features will include photovoltaic (PV) solar panels, a rooftop garden and “smart” lighting controls and elevators. For instance, videocameras can scan the number of people waiting for an elevator and send more cars to that floor if needed. “UTC believes in helping develop high-performance buildings that are safer, stronger and more sustainable,” McDonough said. He noted that UTC’s climate controls division has 39 research and development centers and 600 branches. “Our products are sold in 180 countries,” he added. “We power modern life and share a commitment to making the world a better place to live through innovative solutions.”
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Par tner with us in Economic Development inn PBC Join Toda o y. Contact Lisa Anderrsson: landerson@bdb.orgg or 561.651.4110
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