October 07, 2009 13:19 ET

More Than $136 Million Invested in Broward by Businesses in Past 12 Months

Company Movement, Expansion Highlights Broward Alliance Annual Meeting

FORT LAUDERDALE, FL--(Marketwire - October 7, 2009) - Six companies created more than 1,000 new jobs, helped retain 450 others, and resulted in more than $136 million being invested in Greater Fort Lauderdale/Broward County during the past year, according to figures released by The Broward Alliance at its annual meeting in Fort Lauderdale.

The businesses -- Florida Heat Pump/Bosch, Midnight Express Boats, Solar Transportation Solutions, Point Blank Solutions, S&B Industry Foxconn Technology Group and Research in Motion -- were among a group of nearly 700 companies that were provided services by the economic development organization (www.browardalliance.org) during its 2008-2009 fiscal year.

"We attracted new companies to Broward, supported local businesses with workforce training and education, and provided information on sources of capital and economic stimulus funds," said Ray Ferrero, president of Nova Southeastern University and outgoing chair of The Broward Alliance. "The investment made in research during the past year underscored our region's competitive edge and will continue to pay dividends moving forward."

Ferrero provided a recap of results and accomplishments before turning the gavel over to Peggy Nordeen. The CEO of Fort Lauderdale-based Starmark International will lead the Alliance's Board of Directors in the year to come. "The competition for relocating companies and retaining the businesses we have is fierce. We will lean more heavily than ever before on the intellectual and real capital of the private sector to help attract industry and research clusters that will grow our economy," said Nordeen.

James Tarlton, president and CEO of The Broward Alliance, praised the leadership of Ferrero, Nordeen, Executive Committee and board members, citing a recent organizational restructuring and the introduction of task-oriented councils. "These councils target specific audiences, so our message is personalized and relevant. It is a more efficient structure and has allowed us to concentrate on specific areas of importance to the community," said Tarlton.

The annual meeting and luncheon drew a crowd of more than 350 business and community leaders to The Westin Fort Lauderdale. Attendees also heard City Furniture Co-founder and President Keith Koenig speak about leading in turbulent times and received copies of the 2009-2010 Economic Sourcebook, a guide to doing business and living in Broward County.

Contact Information

  • Contact:
    Stu Opperman, APR
    Ambit Advertising and Public Relations
    (954) 568-2100, ext. 105
    stu@ambitmarketing.com