Avid Technology will Invest $2.6 Million To Locate Administrative Complex In Boca Raton, Florida
07/06/2015
“The Avid team is delighted to be joining Boca Raton’s long heritage of innovation that began as the site where the first IBM personal computer was developed and continues strong today,” said John Frederick, Executive Vice President, CFO and CAO of Avid.
“Establishing this hub for our critical administrative functions in Boca Raton gives Avid access to one of the top growing talent pools in the U.S. and serves as a gateway location to our Latin American customers. We look forward to contributing to the Palm Beach County job economy with this expansion and becoming part of the community,” he added.
Governor Rick Scott said, “Avid considered national and international locations for this expansion and we’re excited to announce that they selected Florida. Since December 2010, more than 879,000 private-sector jobs have been created in our state, and we are focused on being the best state in the nation for businesses to grow. We will continue working to improve the state’s business climate and create more jobs for Florida families.”
Bill Johnson, Enterprise Florida President/CEO said, “We are happy to welcome Avid to Florida’s robust IT sector and look forward to their growth. Thanks to Governor Scott’s pro-business policies, Florida is truly the number one place for businesses to grow and we thank Avid for their commitment to the state.” The project was made possible through strong partnerships between the Florida Department of Economic Opportunity, the City of Boca Raton, Business Development Board of Palm Beach County and Enterprise Florida.
Florida Department of Economic Opportunity Executive Director Jesse Panuccio said, “Like the state as a whole, Palm Beach County is having an incredible economic resurgence. The expansion of Avid Technology is another example of how Governor Scott’s pro-growth policies lead to jobs for local families.”
Business Development Board of Palm Beach County President/CEO Kelly Smallridge stated, “Every month, more and more companies are choosing Palm Beach County to build their businesses. Avid’s decision to expand into Boca Raton is a huge win and they will have a significant impact on the area.”
Project Announcements
Aster Brands Locates Headquarters In Little Traverse Township, Michigan
02/09/2025
Flash Steelworks Expands St. Clair County, Michigan, Operations
02/09/2025
Coast Packing Company Establishes Amarillo, Texas, Operations
02/09/2025
CC Patio Establishes Phoenix, Arizona, Manufacturing Operations
02/09/2025
Cold-Link Logistics Plans Lumberton, North Carolina, Warehouse Operations
02/09/2025
PBS Aerospace Plans Roswell, Georgia, Headquarters-Research Operations
02/09/2025
Most Read
-
2024's Leading Metro Locations: U.S. Cities on the Rise Amid an Economic Reshuffling
Q4 2024
-
The Workforce Factor: How States Are Competing to Build Tomorrow's Talent
Q4 2024
-
Best Practices in Incentives Procurement
Q4 2024
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Five Strategies to Tackle the Data Center Talent Shortage
Q4 2024
-
Microsoft-Three Mile Island Deal Could Signal Path for Nuclear Power to Strengthen Partnerships with Big Tech
Q4 2024
-
Industries Look for Employees in Nontraditional Spaces Amid Labor Shortage
Q4 2024