Boca Raton Flaunts a Flourishing Robust Economy

Posted by Jean-Luc Andriot on Monday, August 7th, 2017 at 8:17pm.

The Ideal Climate for Entrepreneurs Found in Boca Raton and Palm Beach County

Whether you’re someone who lives in the city of Boca Raton or you’re thinking about investing in property here, there’s a lot of consideration. In fact, if you want to start a new business once you move to the area, you couldn’t pick a better location. Also, some journalists report that Boca Raton is one of the best places in South Florida for entrepreneurs and CEO’s alike who are looking to grow their companies. In this week’s blog, we point out some reasons for you to consider moving your business to the area or starting your ‘start up’ in this healthy economy.

Just to give you an example, one of the newest companies to hit the streets of Boca Raton is that of Modernizing Medicine. In a recent article, the Boca Voice highlighted what they found in the Sun Sentinel depicting the company as being one of the top ten deals in the USA. While that may seem like a prestigious observation, what’s more, impressive is the company’s headquarters will employ close to 600 people. It’s these types of businesses that keep the real estate markets booming as they employees will most likely be looking for housing in the area. Of course, we can all get excited as larger companies also help local businesses to thrive as well. For these reasons, anyone wanting to build a business within the South Florida region should give some serious consideration.

Next, the Sun Sentinel included NerdWallet’s data, analyzing small cities for starting a company. The report Boca Raton as the nation’s 11th highest in the country. They also show there are over 20,000 small businesses in the city. So, if there’s so much hype about the town providing so much opportunity, then why aren’t more people moving to the Sunshine State’s most sought after communities? On the contrary, there are! In 2015 that same article showed a population of 86,671. Today, the population reflects 96,114 which was reported in 2016. That’s close to a 90% increase in less than a year. Furthermore, there’s plenty of housing to accommodate this type of growth spurt. Whether you’re seeking a new single-family home or a luxury condo, real property is just as robust as the job market.

Indeed, the housing is plenty. However, there’s yet another reason so many people are starting new companies in Boca Raton. Besides a growing economy and population, this area has plenty of resources. According to the City Hall, there’s incentives, loans, and grants for people who qualify. Tax breaks along with these types of programs such as Energy Efficiency and Business Development offer new comers a chance to grow with a little more help.

In addition to the numerous incentives, there’s plenty of education and college facilities nearby. By the same token, the Florida Atlantic University is one of the biggest attractions as far as new business owners are concerned. Whether you’re thinking about opening the next trend of eateries or you have some breakthrough in medicine, there’s plenty of traffic to target. Nonetheless, if your demographic is students, by all means, this is a terrific geo-target area.

At the same time, the students are an excellent resource to sell products; the seniors are as well. Some good facilities for health care are the Boca Raton Regional Hospital, and Lynn Heart & Vascular Institute. While many of the students and graduates intern or work at these types of treatment centers, there’s also a plethora of medicine related businesses to join them.

On the same note as the medical companies, big pharma is in Boca Raton as well. Breckenridge headquarters is one of the spots that offer many of the residences in the area employment opportunities. Since these types of businesses are plentiful, most of the home owners in the area will always have ample opportunity to work.

Working isn’t the only reason people flock to this South Floridan town. Boca Raton offers plenty of activity for team building, conferences, and networking. Despite the fact some of the nicest pro golfing venues are everywhere, there are always events planned throughout the city. These types of recreational activities are ideal for human resources personnel and the companies they represent. Take a peek at Eventbrite, and you can always find business development. Again, with all these amenities to choose from, you can quickly understand why this town drives success for so many.

Meanwhile, the tourist and hospitality industries continue to drive more people looking for permanent jobs and housing. After all, who wouldn’t love to live in a tropical climate that caters to its visitors and residents? Boca Raton has so much to offer for anyone who is seeking the real life. Therefore, you can see why this sector continues to grow.

Not to mention, there’s plenty of convenience for transportation. Not only are there two international airports, but there’s also plenty of limo services, boat charters and private airplane hangars for you to choose. Whether you’re needing out on the water or traveling by air, every accommodation is right at your fingertips.

Without a doubt, you can get the just of why so many people would be excited to grow their companies here. In addition to growing companies, raising families or retiring is also familiar to individual lifestyles. Boca Raton is full of diversity and culture allowing entrepreneurs to reach their specific markets with ease.

Granted there’s more than enough proof, Boca Raton is a town set up to accommodate all sized businesses. However, it also needs to be noted; it’s a friendly environment making it a pleasure to work daily. Whether it’s with locals or you’re targeting the masses, considering this Palm Beach County town as your next office home, is excellent.

Of course, we also agree this is one of the most lucrative places to live. One thing is sure, when you go to sell your home or luxury condominium, you can point out the robust economy, and you’ll most likely not raise an eyebrow!

For more information on buying or selling your waterfront or luxury home, contact us directly.

 

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