Monday, April 13, 2015

UNITED TECHNOLOGIES EXPANDING IN PALM BEACH COUNTY


Sorry there was no photo associated with this article. This deal could soothe the wounds created by the news of Office Depot leaving. Yes another Fortune 500 company is looking to settle here and make a huge investment in Palm Beach County. United Technologies, already with 70 employees in the area, would be adding 380 jobs with average salaries of $85,000 in the creation of a regional headquarters. They are looking to build a 280,000 square foot office building in the Briger tract in Palm Beach Gardens. The building would cost $115 million dollars to construct. If it happens, and it looks like it will, it will have a 5 year economic impact of $662 million dollars. Right now the land isn’t properly zoned for this use so it must be voted on by the Palm Beach Gardens City Council. But if it is not approved they will go elsewhere (North Carolina) and take the 70 jobs with them so I like the chances here. If United Technologies doesn’t sound familiar you may recognize Pratt & Whitey, Carrier Air Conditioning and Otis Elevators, which it owns. It is very exciting that another large company wants to expand its presence here. This could give some badly needed momentum to the Briger development and could attract more companies to the area. Speaking of which, there is another large company, unnamed as of yet, that is also looking to bring 300 jobs to the area. Keep your fingers crossed, this could be a great month for Palm Beach county. As always thanks for reading and have a great day.

United Technologies could bring 380 jobs at $85,000+ to county


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