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Small Business Week – South Florida

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Small Business Week

Small businesses are flourishing in South Florida, many of them got their start in the buildings of Yomtob Properties.  Ben Yomtob supports small business growth in the region and offers some of the most luxurious office space in the area.

CBS 12 recently aired a segment and Blog Post on Small Business Week; here it is rebroadcast.

Small business owners and entrepreneurs are being recognized this week for the big role they play in communities across the country, including here in South Florida and along the Treasure Coast.

It’s all part of National Small Business Week.

Anyone who owns a business or has attempted to start one knows how difficult and overwhelming it can be; for the owners of the Lighthouse Diner in Jupiter it all started when they inherited the restaurant after their father passed away.

Ryan Perez, one of the three brothers who now own the diner, told us he was just about to open a restaurant in New York when it happened. He made the trip to Jupiter under the assumption the brothers would just fix the diner up and lease it to other owners but soon his plans changed.

“I saw this place and within about a week to ten days, I fell completely in love with it,” he said. “I got my brother on the first plane and we started working.”

Fast forward seven years, they say the diner has become somewhat of a local landmark, one they hope continues to grow.

Perez says the diner, which has a great view of the Jupiter lighthouse, has been around for decades and that part of being a good business owner means staying consistent.

“We are family-owned, home-cooking, affordable for everybody. This has been here since the 1950’s and this has been a landmark here so the thing I was scared about was, I did not want to ruin this name here. I wanted to keep this name going.”

While it is their goal to stay true to what customers know and love, Perez says they’ve also been forced to change with the times. That means learning to take full advantage of social media from a business standpoint.

“I had to learn to do all of that,” he said. “We do all the Instagram, Facebook; we try to get on all the formats.”

Whatever your business may be, Perez said most importantly it’s about being present and having a strong team of support.

“Hands on; be here everyday. If you are an absentee owner, it is hard to get the place off the floor. You have to rely on yourself and your staff.”

Aside from the expected networking benefits that come with joining a local chamber of commerce, there are also free workshops and mentoring opportunities available.

For example, Joseph Catrambone, the CEO at the Stuart Martin County Chamber of Commerce told us they have volunteers who will sit down with aspiring entrepreneurs to offer free consulting and guidance when it comes to drafting a business plan as well as offer workshops on customer service and how to utilize technology.

At the Greater Delray Beach Chamber of Commerce, they offer the1909 Business Accelerator which is a startup boot camp that helps train you to start a business. The group meets one night per week for eight weeks. The program also includes personalized mentorships and concludes with “pitch night,” giving entrepreneurs a chance to pitch their business in front of local investors.

The City of Delray Beach’s Office of Economic Development has also declared May as “We Love Small Biz Month.”

There are a lot of free workshops throughout the month that you can take advantage of. Click here for the full list of events.

Source:
Small Business Week

CBS12

For Luxurious Office Space in Palm Beach County; contact Ben Yomtob Properties

Yomtob Properties
5300 West Atlantic Avenue
Delray Beach, FL 33496

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

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Delray City Market Food Hall to Open Fall 2019

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Food Hall Set To Open – Delray City Market

It’s the age of the food hall, and the latest is moving into Delray Beach.

Delray City Market is scheduled to open in fall 2019 on Southeast Third Avenue just south of the city’s busy Atlantic Avenue strip—and it won’t be small. At 30,000-square feet, it will be the base of a four-story building and feature roughly 30 vendor spaces.

Menin Development is expecting to break ground this fall.

“Delray City Market will also be home to highly curated up and coming chefs and food operators who may not have the finances to open their own restaurants in Delray Beach the opportunity to be on display and to serve their signature food to an audience of locals, South Floridians, as well as the millions of visitors who come to Palm Beach County each year,” CEO Craig Menin said in a press release.

In the last year, South Florida has fallen in love with the food hall scene—in Miami, food halls such as La Centrale, 1-800-LUCKY, St. Roch and The Wharf opened to much acclaim with the public clamoring for a space where they can try different foods, explore markets, and bring home new culinary favorites. In February, Palm Beach County was graced with its first food hall with the opening of Grandview Public Market in West Palm Beach.

A massive 30,000-square-foot food hall is taking shape near Delray Beach’s bustling Atlantic Avenue main drag.

Dubbed Delray City Market, the upscale foodie village from real estate developer Craig Menin and longtime South Florida restaurateur Dennis Max will fill the ground floor of a 120,000-square-foot building at 33 SE Third St., about half a block south of Atlantic.

Menin Development expects to break ground this year in time for a summer 2019 opening, partner Marc Yavinsky says. Max, the veteran behind Pompano Beach’s Café Maxx, Delray Beach’s Max’s Harvest and the 7-month-old Prezzo in Boca Raton, will help handle the market’s food and beverage offerings.

Describing the food hall’s interior as “sensory overload,” Yavinsky says Delray City Market will have 30 vendors, 25-foot-high ceilings, live music and art. The four-story building will also include a 3,000-square-foot rooftop garden and a three-level indoor garage with 200 parking spaces, he says.

“We believe that people want a big experience, and we’re all in on the food hall concept,” says Yavinsky. “It’s one of the hottest trends in the country.”

Yavinsky says Max and Menin Development modeled Delray City Market after high-traffic food halls around the country – think Manhattan’s Chelsea Market and San Diego’s Liberty Public Market – as opposed to the series of small and mid-size food halls sprouting up in Miami.

No vendors have signed on yet, although he expects the ground-floor food stalls (about 400 square feet each) will be occupied by “predominantly local” chefs, Yavinsky says. He says Menin and Max are in talks with possible vendors, but declined to name any in a Friday interview.

“We’re not going to have any chain [restaurants] in the food hall,” he says. “They will all be authentic, unique food purveyors.”

Menin Development spent $4.6 million to acquire the property off Atlantic Avenue, originally planned to be the upscale Metropolitan condo project, Yavinsky says.

The arrival of Delray City Market seems to herald a northern push for food halls, after the recent Miami-Dade County debuts this year of La Centrale and Casa Tua Cucina in Brickell, Jackson Food Hall in Miami, 1-800-Lucky in Wynwood and St. Roch Market in the Design District. Plans also are underway for a food hall and brewery on Fort Lauderdale’s Sistrunk Boulevard, and for a pop-up food hall this July in Boynton Beach. Grandview Public Market, a 12-vendor food hall in West Palm Beach, opened in February.

For Luxurious Office Space in Palm Beach County; contact Ben Yomtob Properties

Yomtob Properties
5300 West Atlantic Avenue
Delray Beach, FL 33496

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

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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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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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