Boca’s Economic Development Report

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By: Jessica Del Vecchio Economic Development Manager Special to the Boca and Delray newspapers

EagleEye Intelligence

Headquartered in the Park at Broken Sound, EagleEye Intelligence continues to develop real time tactical solutions to help improve public safety and response times during emergency situations.

EagleEye recently debuted its new Safe Campus Solution. This solution provides a common operating picture and situational awareness to both school security officials and law enforcement during campus emergencies such as an active shooter.

Boca Raton Innovation Campus

Marking the largest office sale in Dade, Broward and Palm Beach counties since 2016, and home to companies like, TransUnion, TwinLabs, MDVIP and Modernizing Medicine, the original IBM campus sold for $179 million.

The campus, which is 1.7 million-square-feet of office space, sits on 123 acres in Boca’s northwest corridor. The campus was 71 percent occupied at the time of the transaction. The property, which was purchased by Crocker Partners and Rialto (subsidiary of Lennar Corporation), last sold in 2015 for $129 million.

Decora Acquisition

Incredible news came out of the Research Park at FAU. Tech start-up Decora was acquired by CreativeDrive for $100 million.

Decora creates custom content designs that are customized to their clients’ specific needs.  Decora was founded in Brazil in 2012, and at the time of the transaction Decora was delivering over 15,000 3D product models and 7,000 digital scenes a month.

Boca’s Business Ranking

Analytical firm WalletHub researched the demographics of 1261 municipalities across the United States to find the best cities to start a business. The methodology analyzed three key dimensions including business environment, access to resources and business costs. Based on their research, Boca Raton ranked 28th in the country as one of the best places start a business.

Quarterly Newsletter

The Office of Economic Development recently launched a quarterly newsletter and we’d love to share it. To receive a copy directly in your inbox each quarter, please email us at EconomicDevelopment@myboca.us.