January 29, 2014
(West Palm Beach, FL) – West Palm Beach Mayor Jeri Muoio’s creation of a new financial district in the city continues to gain momentum and attract attention.
Tuesday Mayor Muoio, together with city Director of Economic Development Chris Roog talked about the new Flagler Financial District at the board meeting for the Chamber of Commerce of the Palm Beaches.
Mayor Muoio, during her 2014 State of the City Address unveiled plans to designate a portion of the city’s downtown as the new financial district.
The Flagler Financial District will include numerous financial firms and banking institutions already located in the heart of downtown West Palm Beach. It will stretch from Okeechobee Boulevard to 6th Street, and Flagler Drive to Rosemary Avenue.
WATCH VIDEO OF THE MEETING HERE:
“The advantage of focusing on that target group is that they are value added jobs that have high salaries and also provide a building block to spin off additional business recruitment,” said Dennis Grady with the Chamber of Commerce of the Palm Beaches during the recent State of the City Address.
The city will now begin plans for not only labeling the district throughout the downtown, but also develop a plan to market it to the financial sector.