Sorry for the unplanned vacation! These web guys do their thing and we need to wait until they are done. I think they are done (but not really sure)! Supposedly these latest changes will be great for the blog. All the older posts will be up and can be clicked on anytime. During the off time I have come to the realization that I have become addicted to blogging! And with a couple of forced days off I feel constipated with news so let’s go! This one falls under supporting info from previous blog. We talked about how Florida was pretty good at attracting companies and perhaps retaining them. This article provides some numbers that are very interesting.
A quick side note. Today was a great opportunity for a 2 for 1 blog here. But for some reason I cannot find the 2nd article! I read it in print in the Sun Sentinel and it is under the Local Briefing section, page 3D and was written by Marcia Heroux Pounds. Even though I don’t have the actual article, I am going for it anyway! You see what a couple of days off does to me? It is called Approval Sought For HQ Incentive and talks briefly about how $1.42 million in incentives is being recommended for a corporate HQ retention and expansion in Ft. Lauderdale. The unnamed company would create 385 new jobs, split between Ft. Lauderdale and another unnamed Florida location, with annual average salary of $100,000. From our previous blog on this we know this is more than double the counter average which means these are excellent jobs. Now back to the main story. Since 2011, 18 corporate HQ’s moved to Broward and Palm Beach counties. 7 came from other states and 11 were expansions, so the record for retaining existing companies is very strong lately (and this doesn’t count my other story here, the phantom article, with another company up for retention but that is not a done deal yet). It talks of the focus on the region by Latin American companies, that expand here when their economies allow. With the recent surge in Brazil (which is now cooling), there has been a large influx of companies from here. They start in Miami and then get poached by Broward and Palm Beach counties with the lure of paying lower taxes. Either way, it brings badly needed revenue to the area, even more badly needed good jobs, and in this case increases the diversity. There should be a lot more good news on this in 2014 and it is one of the things I am looking forward to, along with spring training baseball. How about you?
South Florida lures more corporate headquarters
Orin Rosenfeld
President
Rosenfeld Realty Advisors
9858 Glades Rd. Suite 209
Boca Raton, FL 33434
Phone: 561-756-1665
Fax: 561-470-0707
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