05 Nov Two companies announced plans to create 232 jobs in Palm Beach County.
Two companies announced plans to create 232 jobs in Palm Beach County.
Jupiter-based Palm Health Partners plans to invest $62 million to build a 172,000-square-foot health care facility at Abacoa near Scripps Florida. The company will create 220 jobs at an average annual wage of $46,000, CEO Paul Walczak said.
The facility, the Institute for Aging and Life Sciences at Abacoa, will hopefully collaborate with Scripps to do research on Alzheimer’s disease, Walczak said. He added that he hopes the institute will benefit from relationships with Florida Atlantic University and Palm Beach County’s budding bioscience cluster.
“There will be tremendous opportunities for collaboration there,” Walczak said.
The institute is targeted for completion in 2016
Walczak and his mother, Elizabeth Fago, built the Home Quality Management chain of nursing homes. They sold the chain in 2007.
Last year, Fago donated $1 million to Scripps Florida in return for having a library named after her. In 2004, she pledged $1 million to Scripps to support Alzheimer’s disease research.
College Profiles International, which provides college search information and consultation, will be moving from Cincinnati to Palm Beach Gardens, where it plans to create 12 jobs paying an average of $48,000 a year. The company has already secured its facility and hopes to be fully staffed within six months.
The announcements were made Thursday at a luncheon hosted by the Business Development Board of Palm Beach County.
“It seems like it’s countercyclical to the economy,” she said.
The BDB assisted Palm Health Partners and College Profiles with their plans. Neither company will receive government incentives, Smallridge said.