Boca’s Economic Development Report

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

Cosmetic Solutions

We were lucky to sit down with Warren Becker, the COO of Cosmetic Solutions to learn why they call Boca home. Cosmetic Solutions is a globally recognized, private label skin care manufacturer based in the Park at Broken Sound. Their products are available in country clubs across the US, as well as in Sephora, Ulta and Nordstrom’s. To tour their 65,000-square-foot manufacturing plant and see the facility in action was beyond impressive. We have a clip of our visit on our YouTube channel, which can be found at City of Boca Raton – Office of Economic Development.

Boca Makes the List

Niche.com conducted their annual list of Best Suburbs to Live in Florida. The rankings are based on a comprehensive assessment of the overall livability of an area. The study takes into account several key factors of a location, including the quality of local schools, crime rates, housing trends, employment statistics, and access to amenities. These categories are selected in an attempt to measure the overall quality of an area. Out of the 351 municipalities analyzed, Boca Raton ranked No. 13 on the list.

Boca also ranked on the “Best Neighborhood” list. This analysis included cities throughout Dade, Broward and Palm Beach counties. The list considered variables including, public school grades, nightlife, overall safety and whether the area was good for families.  Boca Raton took the 10th spot in the tri-county region.

Business Briefs

  • With a 63.7 percent increase in sales for 2017, Orangetheory Fitness was named the fastest growing franchise in the nation.
  • Phoenix Tower International continues to grow at an incredible pace. Now one of the fastest growing tower companies in the US, they recently acquired another 451 wireless communication tower sites from Digicel in Jamaica.
  • With a gross revenue in 2017 of $5.41 million, Boca’s Cardplatforms, LLC takes the No. 4 spot on Florida’s Fast 100 list.  Also on the list is Modernizing Medicine – which is one of only two companies in the State to go six-for-six on the Florida Fast 100 list.
  • All three “Key Sales Transactions” in Palm Beach County last quarter took place in Boca Raton. These deals included the Boca Raton Innovation Campus, ADT’s headquarter building and 900 Broken Sound Parkway. These sales equated to investments totaling $245,025,000.