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09
May, 2016

By Ryan Morgan

Arrow Designs: Why We Joined the Downtown West Palm Beach Movement

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Arrow Designs: Why We Joined the Downtown West Palm Beach Movement

By Ryan Morgan

This article originally appeared on the Arrow Consulting & Design blog and has been republished with their permission.

Mayor Jeri Muoio tells us that the City of West Palm Beach projects $1.3 billion in new construction over the next 5 years with 100 new businesses opened in Downtown West Palm beach since 2011.

I had the opportunity to interview with the West Palm Beach Downtown Development Authority (DDA) and share my personal motivations as a business owner for opening Arrow Consulting & Design international headquarters right here on Clematis Street.

Not only do we get to enjoy beautiful views of the intracoastal from our main conference room and lounge area, but our location attracts the forward-thinking, young professionals I look for to join Arrow.

I believe that West Palm Beach holds the perfect combination of business growth, culture, entertainment, restaurants, and shopping, as well as weather and an environment conducive to an active lifestyle.

It’s ideal for young professionals and young families which is great for us as an innovative software development agency. Also, clients love visiting us from all over the country with the convenience of our local airports and the option to make a vacation out of it, too.

Here’s a mini directory (with links) of perks near our office:

  1. We’re only a few blocks from the Trial-Rail Station
  2. SkyBikes bicycle rental stations have just been installed all over the Downtown WPB area
  3. The trolley stops right in front of our building and is actually free!
  4. We’re just a few steps from the marina for a relaxing lunch break watching the yachts sail by
  5. Kravis Center for the arts is within walking distance
  6. All the waterfront events/ outdoor concerts
  7. We are literally in a foodie haven with so many restaurants to choose from
  8. There’s a coffee shop and wine lounge downstairs in our building
  9. CityPlace is also walkable, which is great for company happy hours and events
  10. The Palm Beach International Airport is only a 10 minute drive from our office

So, take a look around Google Maps and see for yourself what we get to enjoy as a local business in Downtown West Palm Beach.

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15
Feb, 2016

By Nikki Cabus

Startups at Research Park at Florida Atlantic University Attract Venture Capital

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Startups at Research Park at Florida Atlantic University attract venture capital 2015 was the best year for funding in the Research Park’s history

BOCA RATON, FL —Venture capital investments were up in 2015 due in part to the coast to coast expansion of startups in the entrepreneurial ecosystem, reported the National Venture Capital Association (NVCA). Venture capital investors deployed capital to 3,662 companies located in 133 Metropolitan Statistical Areas (MSA) in 2015, according to the MoneyTree™ Report by PricewaterhouseCoopers LLP (PwC) and NVCA, based on data from Thomson Reuters.

South Florida companies received a total of $301 million investment capital in 2015, with companies in the Research Park at Florida Atlantic University and its Technology Business Incubator (TBI) receiving $53.5 million, an increase of 8.4% over 2014, and representing 17.77% of total dollars raised within the three county MSA. These investments resulted in more than $53.5 million flowing into the local economy. (Miami-Fort Lauderdale-West Palm Beach ranked #21 out of 381 MSAs.)

“A majority of the companies located in the Research Park (52.5%) operate in the biotechnology, healthcare and healthcare IT industries,” said Andrew Duffell, President & CEO of the Research Park. “These companies are attracting investors that see benefits of funding innovation.”

“Contrary to popular belief, you don’t have to be an entrepreneur living in San Francisco, New York or Boston to receive venture capital funding,” said Bobby Franklin, President & CEO of NVCA. “There are pockets of innovation all across the United States, and as long as you have a groundbreaking idea with high-growth potential, you are well positioned to attract venture capital funding to help grow your business. As more cities, states and municipalities dedicate greater resources to foster the growth of their local ecosystems, venture investors are taking notice and deploying capital across much larger areas of the country.  This not only helps the entrepreneurs themselves but local economies as well through job creation and sustained economic growth.”

About the Research Park at Florida Atlantic University
Established in 1985, the 94-acre Research Park is home to 19 technology companies working in conjunction with the FAU College of Engineering and Computer Science, the FAU Charles E. Schmidt College of Medicine and the FAU College of Business.  The Research Park hosts the Technology Business Incubator® (TBI) with 19 startup technology companies, each of which receives business and consulting services with the goal of becoming established businesses and permanent residents in the Research Park. With locations in Boca Raton and Deerfield Beach, the Research Park is widely regarded as South Florida’s laboratory for new entrepreneurial ideas and technologies.(www.research-park.org)

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BOCA RATON, Fla. – Florida Atlantic University’s Tech Runway has selected its third Venture Vintage class of startup companies to participate in the business accelerator program.

The four companies will receive a $25,000 non-equity grant, participate in a 16-week intensive boot camp, and will be provided collaborative workspace for one year. The companies also participate in a formal program for mentoring entrepreneurs and their ventures. The third class of companies are:

  • Child Rescue Coalition is a platform and forensic tool to automate a manual process for law enforcement to help eradicate child sexual exploitation globally protecting children from predators.
  • Power Calc Pac is a cloud based platform patented software company which automatically designs the power distribution system in a building saving users up to 40% in design time and labor costs.
  • TiloTag developed an app that will allow you to discover memories that surround you or allow you to leave a legacy memory for friends and family to discover in the future using technology.
  • SoFla a distinguishing lifestyle brand celebrating South Florida

“FAU Tech Runway’s new startups are innovative and they are excited to get started in our accelerator,” said Kimberly Gramm, associate vice president of FAU Tech Runway.  “They’re poised to build on the success of Venture one and two.”

Supported by FAU and the State of Florida, FAU Tech Runway launched in October 2014 with five companies Venture Vintage I (VVI) pilot group and added Venture Vintage II (VV2). The program is based on two proven models for startup ventures, MIT’s Venture Mentoring Service and Stanford’s NSF-funded Lean Launchpad curriculum. Offered in conjunction with existing resources, FAU Tech Runway provides ventures the “complete” ecosystem for successful launch.

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MORE ABOUT PBT: The Palm Beach Technology Association Inc., or “Palm Beach Tech,” is a non-profit membership association uniting and building the technology industry throughout Palm Beach County. For more information, go to www.PalmBeachTech.org

19
Oct, 2015

By Joe Tofilon

Local companies make 2015 Inc. 5000 list

Read Time 3 Minutes

West Palm Beach, FL – The Palm Beach Technology Association would like to congratulate the following local companies for making the 2015 Inc. 5000 list:

  • Fresh Meal Plan (#70) – Delivers fresh daily meals to more than 3,000 clients. Meal plans include traditional, paleo, and vegetarian. With a staggering 3-year growth rate of 4128% and a 2014 total revenue of $10.9m, Fresh Meal Plan was honored with the 2015 Inc. 5000 #2 Top Food & Beverage Company and #3 Top Florida Company. Located in Boca Raton, FL, Fresh Meal Plan has created 138 new jobs since 2011.
  • EverBright Media (#135) – A direct-to-consumer, subscription-based digital media distribution platform that offers entertaining educational products for children, including on-demand streaming media, DVDs, and learning guides. With a 3-year growth rate of 2777% and a 2014 total revenue of $8.4m, EverBright Media was honored with the 2015 Inc. 5000 #3 Top Media Company and #9 Top Florida Company. EverBright Media is located in West Palm Beach, FL.
  • Touchsuite (#160) – Develops software for salons, restaurants and other small retailers that allows them to book appointments, accept payments and produce reports. With a 3-year growth rate of 2484% and a 2014 revenue of $26.7m, Touchsuite garnered the 2015 Inc. 5000 honor of #19 Top software company and #11 Top Florida company. Located in Boca Raton, FL, Touchsuite has added 62 local jobs since 2011.
  • Real Strategic (#176) – Provides local marketers, consultants, and agencies with software, services, and training to gain more customers and build their businesses. With a 3-year growth rate of 2373% and a 2014 revenue of $3.9m, Real Strategic was honored with the 2015 Inc. 5000 #14 Top Florida Company. Located in Jupiter, FL, Real Strategic has added 22 jobs since 2011.
  • BurgerFi (#185) – A 65-location restaurant franchise that sells burgers with no steroids, antibiotics, growth hormones, chemicals, or additives. With a 3-year growth rate of 2249% and a massive 2014 revenue of $66.4, BurgerFi was honored with the 2015 Inc. 5000 #11 Top Food & Beverage Company and #18 Top Florida Company. Located in North Palm Beach, FL, BurgerFi has created 223 local jobs since 2011.
  • Modernizing Medicine (#311) – Develops software for managing electronic medical records and offers specialty-specific billing, inventory management, and group purchasing services. With a 3-year growth rate of 1492% and a 2014 revenue of $30.5m, Modernizing Medicine was honored with the 2015 Inc. 5000 #15 Top South Florida company. Located in Boca Raton, FL, Modernizing Medicine has added 168 local jobs, since 2011.
  • Levatas (#1495) – A branding, marketing, and technology agency focused on creating beautiful customer experiences. In 2014, Levatas had a total revenue of $8.2m, as well as a 275% 3-year growth rate. Located in Palm Beach Gardens, FL, Levatas has created 56 local jobs since 2011.
  • Arrow Consulting & Design (#2051) – A digital consulting company with strong competencies in digital strategy, application development and platforms such as Sitecore, DNN, Sharepoint and Xamarin. In 2014, Arrow Consulting & Design had a total revenue of $7.1m and a 192% 3-year growth rate. Located in West Palm Beach, FL, Arrow Consulting & Design has created 49 jobs since 2011.
  • Forte Interactive (#3614) – Provides research, software and campaign services to nonprofit organizations and race directors across the country. Located in West Palm Beach, FL, Forte Interactive had a total revenue of $3.9m in 2014, and a 87% 3-year growth rate. Since 2011, Forte has added 16 new jobs.

 

About the Inc. 5000

The 2015 Inc. 5000 is considered by the magazine “to be the most competitive crop in the list’s history.” The 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. The average company on the list achieved a three-year growth of 490 percent. The Inc. 5000’s aggregate revenue is $205 billion, generating 647,000 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

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MORE ABOUT PBT: The Palm Beach Technology Association Inc., or “Palm Beach Tech,” is a non-profit membership association uniting and building the technology industry throughout Palm Beach County. For more information, go to www.PalmBeachTech.org

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Arrow Designs: Why We Joined the Downtown West Palm Beach Movement
Startups at Research Park at Florida Atlantic University Attract Venture Capital