April 1, 2015


Southeast Florida

Businesses to Watch

» Motorola Mobility: The Google subsidiary laid off 170 workers at its Plantation location last year. In the four years before Google acquired the company, it had lost money in all but
two quarters.

» Bolton Medical Solutions: The stent maker launched U.S. distribution in January after the FDA approved a stent for the treatment of thoracic aorta aneurysms. Bolton added 30 positions last year, bringing its employment to 110, and reportedly expects to add another 20 to 30 jobs during the next two years, with help from $30,000 in city incentives and $90,000 in tax-refund incentives.

» Spirit Airlines: The Miramar-based airline is expanding flights to its hub at Fort Lauderdale-Hollywood International Airport, while at the same time adding routes in the central and western part of the U.S. During 2012, operating revenue grew 23% over 2011.

» AeroTurbine: The aircraft used-parts company will move to Miramar from Doral this year and expects to add 75 jobs and will receive nearly $1 million in state, county and city incentives.

» Industrial Developments International: The industrial real estate company is building out a two-phase, 704,780-sq.-ft. industrial park in Davie.

» CTS Engines: The Fort Lauderdale commercial jet engine maintenance company opened an engine overhaul facility last May and will open a test facility in Jupiter later this year.

» Citrix: The company whose products power mobile work styles and cloud services is reportedly considering the addition of 200 jobs and an investment of $7.5 million to upgrade its facilities.

» Broward Center for the Performing Arts: The center is in the midst of a $50-million, 18-month renovation and expansion, for which it has raised more than $42.5 million.

Broward Population: 1,833,666
Population Growth Rate (2009-13): 1.42%
Population by Age:
0-14 15-19 20-39 40-64 65+
17.88% 6.09% 26.27% 35.03% 14.73%
Per Capita Income: $44,786

MSA Dec. 2012 Dec. 2011 % Change Jobless Rate
Fort Lauderdale/Pompano/
Deerfield Beach
926,164 907,268 +2.1% 6.7%
West Palm/Boca Raton/Boynton Beach 567,697 562,707 +0.9% 8.0%
Source: Agency for Workforce Innovation

Homes - Single-family, existing-home sales
MSA 2013 Sales 1-Year Change 2013 Price 1-Year Change
Miami/Fort Lauderdale/ Pompano Beach 39,232 +9.4% 202,000 +10.4%
Source: Florida Realtors

Tags: Southeast, Economic Yearbook

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