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Florida #1 for Women Owned Businesses

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Florida is #1 for Women Owned Businesses

America Express recently released a report on the state of women-owned businesses:

When it comes to breaking the glass ceiling between the floors separating themselves from the C-suite, women in growing numbers — particularly in Florida — are using an elevator rather than a hammer by starting and running their own businesses.

That’s a big takeaway from the eighth annual State of Women-Owned Businesses Report commissioned by American Express. Florida, in the good news department, is ranked No. 1 nationally in the growth of women-owned firms since 2007.

Growth in women-owned firms

2007                  2017                   % Growth

U.S.

Firms .                    7.8 million        12.3 million          57.6%

Employment          7.6 million         9.2 million            21.2%

Sales                      $1.2 trillion        $1.8 trillion           46.2%

 

Florida

Firms                    581,000             1.1 million                 87.8%

Employment         470,000                  505,000                  7.4%

Sales                  $77 billion        $99.8 billion                  29.8%

The no-so-good news? The data suggests these businesses are small. The state ranks No. 38 in growth of jobs created by these companies, a 7.4% increase over 2007, and No. 31 in revenue growth, with sales volume increased by 29.8%.

Florida is followed in the growth of women-owned firms top five by Georgia, Michigan and a fourth-place tie between Tennessee and South Carolina.

Florida has an estimated 1.1 million women-owned businesses, employing 505,400 and generating roughly $100 billion in revenues, according to the report, which analyzes data from the U.S. Census Bureau’s Survey of Business Owners, factoring relative changes in gross domestic product. “This new data demonstrates not only the remarkable impact women entrepreneurs have on our economy when it comes to creating jobs and generating revenue, but also the growing role of women-owned businesses in our communities,” says Julie Tomich, senior vice president of American Express Global Commercial Services, in a statement.

content sourced and aggregated from Business Observer FL

https://www.businessobserverfl.com/article/a-league-of-their-own

Yomtob Properties
5300 West Atlantic Avenue
Delray Beach, FL 33496

Email: ben@yomtobinvestments.com
Phone: 561-542-8222

Ben Yomtob Personal Branding site:

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South Florida has some of the Best Cities to Start a Small Business

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Best Cities to Start a Small Business are in South Florida

A recent news report by Verizon Business shows that entrepreneurs looking to start a small business in a small city have some of the best options for locations right here in South Florida.  Weston ranks No. 2 in that category nationally, according to a new report by Verizon Business, while Delray Beach came in at No. 5.

Factors considered in Verizon’s study include population, education, travel time to work, income per capita, loans per capita, broadband access and tax scores. (The report notes that to be considered a “small city” according to the U.S. census, the population must fall between 50,000 to 75,000 people.)

Only Portland, Maine, was a more attractive small city for starting a small business than Weston.

“Being [No.] 8 among the top 100 safest cities in the country is reassuring for a fledgling business,” Verizon’s report says of Weston. “This is also the most educated city in the top 10, with nearly 60% of the population holding at least a bachelor’s degree. So Weston has got a lot going for it, and people are taking notice. The only downside to setting up shop here is the commute to work, which runs at about half an hour, but hey — you’re not far from the beach and the Everglades are basically in the city’s backyard, so let’s call it even.”

The South Florida lifestyle also played a role in Delray Beach ranking so high.

“There’s more of a draw to this city than its spread of sunny beaches along the southeastern coast of the state,” the report says. “Not quite as high on the education scale as Weston but higher than Kissimmee, Delray Beach is a happy Floridian medium with the shortest average commute time between the three cities. It enjoys a thriving industry of restaurants, nightclubs, retail shops, and art galleries, which is important to keep in mind when considering where to put your business’s roots down. And hey, the beach might not be the most important thing, but a beach day every now and then definitely couldn’t hurt.”

Florida wound up with eight cities in the top 50, the others being Kissimmee (No. 7), Daytona Beach (11), North Port (39) and Sarasota (44).

  1. Portland, Maine
  2. Weston, Florida
  3. Missoula, Montana
  4. Southfield, Michigan
  5. Delray Beach, Florida

Content aggregated via CRE Florida Partners

http://crefloridapartners.com/the-best-small-cities-to-start-a-business-two-of-the-top-five-are-in-south-florida/

(Graphic courtesy of Verizon Business)

Yomtob Properties
5300 West Atlantic Avenue
Delray Beach, FL 33496

Email: ben@yomtobinvestments.com
Phone: 561-542-8222

Ben Yomtob Personal Branding site:

Ben Yomtob

Delray Beach Business Climate

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Locate your Business in Delray Beach

The Bank United Building – Yomtob Luxury Office Space – Delray Beach

Locating your business in Delray Beach FL has many advantages, the Delray Beach Chamber of Commerce sums it all up quite nicely.  If you are interested in learning more about locating your business in Delray or the surrounding area, Yomtob Properties offers stellar luxury office space.  Please consider giving Yomtob Properties a call for a consultation on relocating you business:  Ben Yomtob – 561-542-8222

The Delray Beach Advantage

As South Florida’s emerging entrepreneurial economy, Delray Beach is a diverse, vibrant community that is attracting and growing businesses and companies of all sizes. More companies are choosing Delray Beach for their startup enterprises, regional offices and corporate headquarters, taking advantage of our rich culture of innovation and track record of success.

Creative businesses in the orange economy are flocking to Delray Beach, with a growing cluster of enterprises in the fine and performing arts, architecture, fashion, design, and film industries. The green economy is also growing, with a number of entrepreneurs around the country relocating their clean energy and sustainable technology sector businesses to Delray Beach.

With three international airports within an hour’s drive, two Interstate 95 highway exchanges, and nearby access to rail and ports, Delray Beach has resources in place to help our existing businesses expand into international trade markets and compete on a global scale.

Located in Palm Beach County in Southeastern Florida, Delray Beach also benefits from the overall benefits of the Florida economy.

Competitive Cost of Doing Business

Florida is a more affordable alternative to other high-tech locations. Talent, capital, and land are more affordable here than they are in California, New York and many other states. With many business-friendly tax exemptions and no personal income tax, dollars go further in Florida for both businesses and employees.

Pro-Business Government

The state of Florida has been consistently recognized as one of the Top Five states for business, and as a leader in policies that promote small business and entrepreneurship. Statewide regulatory agencies, along with the City of Delray Beach, allow for expedited permit processing that facilitates quicker, more predictable and less costly approvals without reducing standards for the environment. Florida is also one of the few right-to-work states.

High Quality of Life

Delray Beach has a variety of residential living options suit the needs of your entire team, including private communities with golf courses, beach clubs and other amenities; downtown apartments and condominiums located within walking distance of the city’s main dining and entertainment district; and rental communities and single-family home neighborhoods that offer a broad range of sizes, price points, and other features to accommodate a vast array of needs.

Education – Talent Development

First-rate educational opportunities abound, with highly ranked public and private K-12 schools, a number of magnet programs and vocational academies, and more than a dozen colleges and universities in Palm Beach County. Atlantic Community High School is home to an award-winning robotics team that holds a world championship title, and nationally recognized construction and criminal justice academies. Delray Beach also carries the distinction of being the only city in Palm Beach County to offer International Baccalaureate programs at the elementary, middle and high school levels, and the only municipality in the county with a fulltime Education Coordinator dedicated to working with the county School Board, and overseeing the implementation of the City’s Community Solutions Action Plan.

The Palm Beach County School District has developed over 1,200 business partnerships with companies in engineering, biotech, construction, communication and other industries, resulting in more than $4 million in annual support to our schools. And with 93% of former Florida college students remaining in-state, Florida’s workforce is highly educated, resulting in more than $25 billion in additional annual state income, attributable to the accumulation of credits earned by former college students.

Yomtob Properties
5300 West Atlantic Avenue
Delray Beach, FL 33496

Email: ben@yomtobinvestments.com
Phone: 561-542-8222

Ben Yomtob Personal Branding site:

Ben Yomtob

 

 

Okeechobee Business District Gets Approval

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Okeechobee Business District Gets Approval

The West Palm Beach commission gave final approval to Okeechobee Business district to attract and encourage Class A office construction.  After 18 months of public hearings, debate, study and a September vote supposedly killing the proposal, last night  the city commission gave its final approval to create the Okeechobee Business District.  The commission voted unanimously to designate the busy section of Okeechobee Boulevard from City Place to Flagler Drive as a district with rules that encourage office and hotel construction. In previous meetings the commissioners cited the change’s potential to spur construction, spawn high-paying jobs and stimulate economic opportunity to attract Millennials and keep the city’s sons and daughters from moving elsewhere to pursue careers

Despite urging from the Florida Department of Transportation, Palm Beach and Palm Beach County, that the city wait for a state study to evaluate the zoning change’s potential traffic impact, the commission went forward at Mayor Jeri Muoio’s urging, arguing that the plan — by limiting development on the downtown Tent Site — would actually reduce what could be built in that area under current rules.

Development Services Director Rick Greene told commissioners that downtown traffic is not as bad as many people think, with rush hour trips from I-95 to Flagler drive taking seven-and-a-half minutes, well within tolerable standards for a downtown, in his view. The city hall auditorium was barely half-full, likely reflecting opponents’ view that after so many months of debate, commissioners’ minds were made up.  New developments within the district would have to abide by rules encouraging mass transit and alternative forms of transportation, but opponents doubted the proposed alternatives to automobiles, like bicycling or walking, would be a substantive help.

The mayor argued that traffic is a part of city life and said the downtown has such a shortage of Class A office space that it has been hard to recruit companies and attract high-paying jobs.  Time will tell what type of impact this bold move will have on the city and attracting new businesses.

This content was sourced from the following article in the Palm Beach Post.

https://www.mypalmbeachpost.com/news/local-govt–politics/west-palm-commission-says-okeechobee-business-district/4Iub0sN3gCrCxSSlx2gkcK/

 

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Phone: 561-542-8222

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Young Entrepreneurs Academy – Registration and Recruitment

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Young Entrepreneurs Academy – 4th Annual Program

As recently reported in the Palm Beach Post:  The Young Entrepreneurs Academy is gearing up for their 4th year.  This is a wonderful program for students to immerse themselves in a hands on business strategy educational format.

This information was cultivated from The Palm Beach Post:  for original post please visit them HERE.

The Central Palm Beach County Chamber of Commerce is recruiting for their Young Entrepreneur’s Academy (YEA!) Program for the upcoming 2018-2019 year. The YEA! Program is a one-of-a-kind after-school program providing middle and high school students the opportunity to establish and generate their own businesses. Each class meeting focuses on one business topic or strategy, affording students a step-by-step pace. Instructors and mentors guide students, while field trips to local business facilities give students real-world, hands-on approaches to understanding how a business plan comes to fruition.

The Central Palm Beach County Chamber of Commerce is proud to announce recruiting for the Young Entrepreneur’s Academy (YEA!) Program for the 2018-2019 year has officially begun. This year marks the 4th Annual YEA! Program for the Chamber, and will include many exciting new features.

Each class meeting focuses on one business topic or strategy, affording students a step-by-step pace that is supplemented with field trips to various local businesses where students get the opportunity to hear from business leaders, and guest speakers, who are experts in their fields.

Business mentors assist with business development plans by catering their attention to each student’s goals and ambitions with their business. The guided and hands-on learning system provides students purposeful learning and goal setting — all while encouraging them to use their creativity and imagination. This format of learning by doing helps channel their skills into functional businesses. Students learn the tools of entrepreneurship, learning in the classroom and experiencing within the local Central Palm Beach County community. 

The program runs from October to April, and ends in an Investor Panel where students pitch their final business plan to a panel of judges for real seed money. No matter where a student is in their entrepreneurial pursuits, each participant gains a realistic and practical impression of the business world.

We look forward to seeing the budding businessmen and women in our community, and are excited to see this year’s competitive group of applicants.

The YEA! Program, supported by Presenting Sponsor Tropical Shipping, is a worldwide after-school program providing middle and high school students ages 11-18 with the opportunity to create, establish, and run their own businesses.

The program runs from October to April, and ends in an Investor Panel where students pitch their final business plan to a panel of judges for real seed money. No matter where a student is in their entrepreneurial pursuits, each participant gains an effective impression of the business world.

If you or anyone you know is a student interested in creating your own business, and finding out information about the 2018-2019 YEA! Program, contact Alexandra at the Central Palm Beach County Chamber of Commerce at alexandra@cpbchamber.com, or call 561-578-4813.

Visit:   www.cpbchamberyea.org for the Student Application form.

CONTACT

Central Palm Beach County Chamber of Commerce

12794 W. Forest Hill Blvd., Suite 19, Wellington, FL 33414

Yomtob Properties
5300 West Atlantic Avenue
Delray Beach, FL 33496

Email: ben@yomtobinvestments.com
Phone: 561-542-8222

Ben Yomtob Personal Branding site:

Ben Yomtob