Mayor Launches Flagler Financial District
The City of West Palm Beach and Mayor Jeri Muoio officially unveiled the Flagler Financial District Friday, South Florida’s newest urban corporate zone dedicated to business and financial enterprise located in the City of West Palm Beach. The unveiling took place during a luncheon event at Lake Pavilion which featured Russell Marcus, DEO Chief of Business and Economic Incentives representing the Florida Department of Economic Opportunity, who discussed the District’s expected impact on a state-wide level.
Stretching from Seventh Street to Okeechobee Boulevard and from Rosemary Avenue east to Flagler Drive and the waterfront – and encompassing the heart of the city’s downtown – the Flagler Financial District (named after American industrialist Henry Flagler) is home to a synergistic community of business, including some of the nation’s and world’s top firms, and its demarcation and continued development is expected to aid greatly in the recruitment of more top firms to the City.
“West Palm Beach is undergoing an economic revitalization and resurgence, making now the perfect time to unveil the Flagler Financial District and website,” said Economic Development Director Chris Roog. “It is symbolic of the City’s commitment to business and finance and we are excited to place heightened focus on developing the District in 2017 and beyond and watching West Palm Beach become one of America’s most rewarding and fulfilling places to work and live.”
Since it was created in 2015, the Flagler Financial District has already seen tremendous growth in new or expanding businesses, welcoming more than 70 new businesses (including the relocation of PNC Bank’s Florida regional headquarters), creating more than 5,000 new jobs within the district and planning for the addition of more than 400,000 sq. ft. class-A office space through multiple projects.