The Palm Beach Post from West Palm Beach, Florida on November 10, 1968 · Page 76
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November 10, 1968

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The Palm Beach Post from West Palm Beach, Florida · Page 76

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West Palm Beach, Florida
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Sunday, November 10, 1968
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Page 76
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F2 Palm Beach Post-Times, Sunday, Nov. 10, 1968 Clean Industry Helping Swell Population Outstanding example of visitors swelling the population is the Town of Palm Beach which has 9,000 people during the summer, but which blows up to 45,000 In winter. Having a second home in Palm Beach County to beat the cold up North has been a tradition of well-to-do families for more than half a century. The Idea is now spreading "to average families in this affluent age. Some people make this a permanent first home. Lesser known, but very Important to the nation's tables, is the fact that the county is the fourth largest In the coun try in vegetable production. During 1967, the county growers produced more than $210 million in vegetables, sugar, tropical and citrus fruit, flowers, beef, dairy goods, and other agricultural products. This was a considerable increase over the $184 million raised In 1966. The list of vegetables by brand names reads like a gourmet's shopping list. Indeed, the list of industries In the area includes the pioneers of aero space, oceanography and electronics. All have shown signs of expansion and numerous satellites have grown up around each. Howard A. Smith, the Development Board's Industrial Division director, reported his group had developed 47 active prospects this year. These range in size from firms employing half a dozen assemblers to some of the largest firms. "Four of these are in the Fortune magazine list of 500 top corporations," said Smith. "The companies represent clean industries such as electronics, precision metal products, research and development, scientific instruments, Insurance and engineering consultants." Yet, Industry has not taken over the best sun, fun and surf playground in the nation. Tourists and visitors contributed 142 million to the county's economy, according to Development Board figures. It reckons that most tourists came by automobile, dropping a trail of money through other states as they drove here. Thus It can be said the county also contributed economic improvement of other areas. Tourist automoblllsts came to 446,090; the second greatest number came by plane, 91,678; bus, 11,739; and by train, 9,503, for a total of 559,-000 visitors. By PETE GORDON The movement of good, clean industry, employing skilled and highly-educated labor forces, Into the original sun-and-fun county of the state, Is swelling the population. More than 10 per cent of Florida's new residents locate in Palm Beach County, according to County Development Board Executive Director Paul Thompson. The County Planning Board forecasts that the population will be more than 700,000 by 1985. Current figures show it is 344,341. The population stream is swelled by 1,000 and more persons monthly. There must be a reason for it. Most likely, the influx of industry has attracted citizens here seeking work under the pleasant sun. We are seeking Industries aggressively," said Thomas, "because we know what 100 jobs can do for the county. "Experts at both federal and state level tell us that 100 new jobs will bring us 359 people, 112 more households, $710 million more personal income, $360 million more retail sales a year, and add 74 more llHilii DESIGN 70 DESIGN 90 DfcSIGN 50 DESIGN 20 PRE-CAST CONCRETE . . . UNDERGROUND GARBAGE RECPT Decor Block Patio Stonei Railings Cloth! Potts Curb Bumpers & Buttons Lowered Fencing Stair Treads Table ii Bench Sets Colonial Columns & Balusters Window Sills Staff Photo bv Ursula Secmann people to service industries, and make room for four more retail establishments." Thomas has reason to crow: The Florida Development Commission selected the county as fourth among the 67 in the number of new employes. Typical growth patterns developed when RCA and Soll-tron Devices, Inc., both well established here, announced further expansion plans. RCA started building a $280,000 warehouse. That's a lot of warehouse, but RCA boosted its computer output by 65 per cent last year, and its plant employes from 2,200 to 3,600. Solitron, having outgrown its plant at Riviera Beach and needing to establish a new $2 million plant for advanced products, decided to build one In Jupiter, at the north end of the county. When completed it will employ 500 people in addition to the 800 at the older plant. International Business Machines moved its almost generic IBM trademark into the county at Boca Raton last year. It soon acquired 235,000 square feet and employed over 500 workers. IBM is adding new divisions and new computer assembly lines. It has under construction a 300,000 square foot plant. Expected employment by the end of 1969:" 1,300 people. Pratt Whitney Aircraft Research and Development Center near the northern county border Is still the biggest employer. It has 4,500 persons on payrolls. It has shown a tendency to diversify and stay strong lately by becoming involved in water pumps and jet propelled boats, but still has a grip on air missile and aerospace work. The Development Board doesn't live by the icing on the glamor-industry cake. It takes a good slice of bread-and-butter by attracting smaller plants. On last year's newly added plant list were eight plants with less than 20 employes, and six with more than 20. It also attracted a couple rated within the 75 to 100 workers. These were also in electronic service equipment lines. -MANUFACTURERS OPCONCRETE PRODUCTS- Palm Beach Pre-Cast . 900 OLD DIXIE HWY. LAKE PARK FLA. PH. 842-1541 plain how the county's population stream is swelled by 1,000 people monthly. "Our climate attracts glamour industries," said Thomson. CLEAN INDUSTRY SEEKERS Executive Director Paul Thomson, left, and Industrial Director Howard A. Smith, of the Palm Beach County Development Board, ex -mv fKj "Wy- Banking Industry Here Has Own Unusual Flavor HAVE YOU SEEN THE "Personalized Condominium?' A refreshing new design is offered for your immediate occupancy! i ie Blowing There are only ten personalized units, each like a private home located in sought after Jupiter Island in Tequesta. From your private carporte outside your door to the huge master bedroom suite, and a 40 foot porch, there is a difference. The design is for your maximum year-round enjoyment. Purchase price includes ocean frontage, intracoastal frontage and your private cabana around the sunken pool-patio. only 2 left! Priced from . . . $27,500 500 State Road 707 Jupiter Island 18 miles north of West Palm Beach MODEL OPEN DAILY PHONE: 746-3937 Bank lobbies in Palm Beach County often double as free orange juice bars. One bank which serves customers coffee and doughnuts in the morning has a chow line longer than one at the teller's wicket. "It helps business generally," said one coffee-dispensing bank's president. "I've seen businessmen meeting here by chance and over a cup of coffee end up working a deal worth thousands." In dollars or doughnuts, that's a worthwhile activity. This casual flair in doing business has helped both banks and savings and loan associations become a part of the community. Deposits and resources are climbing at a healthy rate in the county. Monthly debits. Indicating loan business, is also consistently high, and share gains of 10 to 20 per cent monthly over previous years. Savings and loan associa tions show that the 138,4X9 investors with $396,553,557.27 on deposit had a per capita investment of $2,863.43, at the end of June 30, 1968. building. In this bank one finds cases of champagne stored alongside valuable collections of furs belonging to world famous celebrities. Just to indicate the broad scope, you will also find precious works of art, antiques such as a miniature coach, and engraved tableware and prized pieces of furniture. The service proved so good that another bank, just in the process of erecting a $9 million building, has announced it will have similar services in a specially built section. Many banks make it a habit to display art collections or have art shows, since there are so many collectors and artists living here. A few banks even have designed their walls to make this an easier task. Regardless of the extra services and the fine support for art, it's the dollars that make the final summation of a bank's service to the community. There are 25 banks serving the area. Deposits reckoned to The associations had a 47.7 per cent increase in assets of resources, up from the Dec. 31, 1963, figure of $304,574,773 to the June 30, 1968, figure of $449,764,688. In the same five-year period savings associations were able to offer homebuilders $118.7 million in mortgage money. Figures show that in this time 36,000 new investors placed savings with the associations in the county. Growing demands for savings and loan services is indicated in the increase of such instituiions. At the end of 1963 there were eight institutions and eight branches, today there are nine associations with 12 branches and at least two more applications for branches are being reviewed. Sometimes newcomers to the area are amazed at the services offered by our banks. One bank in the Town of Palm Beach long ago offered to store valuables whilq a customer was traveling. The services grew Into a major undertaking which requires a great share of the bank's June 30, 1968, jumped in one fiscal year from $484,018,000 to $593,578,000, an Increase of $109,460,000 or up by 22.6 per cent. When a group of banks spread over as wide an area as Palm Beach County increases total business by more than a fifth, that represents a major growth in industry as well as personal business. Bank resources have been listed at $659,870,000, an increase of 21.1 per cent. But then, many bank customers in Palm Beach County care more for the fine atmosphere created by the banks, and let the resources take care of themselves. The economy is growing and so are the bank's strength. The banks here add the atmosphere as a bonus. There are few places in the nation where one can park under a palm tree while at a bank tellers drive-In window; there are few banks where one can walk through a tropical Indoor garden in order to reach the bank lobby. v!kU V M See-llon II f ' APARTMENTS j 1 "A New Concept in XxT 'M- .vJ ill VVr 'Ultimate in Elegance and Privacy . . . Single Story, Four Apartments per building. No overhead neighbors, no itairt to climb, only 7 apt, per acre. Convenient adjacent parking spaces. Elevation: 20-25 Feet above Sea level. Located in Boynton Beach close to the beautiful Public Beach and famous municipal Fishing Pier. Near Golf Clubs and I Riding Club. Walking distance to large Shopping Centers, Restaurants, Theatres, Churches, Medical Center and Bethesda Hospital. Gold Coast Money Institutes Favor Aesthetic Decor Recreational Facilities for your Enjoyment Opening Prices 1 Bedroom-lV2 Bath - 2 Bedroom-2 Bath from Jll,490 J13,990 e HOBBY ROOM e LARGE POOL SUN DECKS e FULLY EQUIPPED KITCHEN e LARGE CHAMPIONSHIP PUTTING GREEN e URGE SWIMMING POOL e SHUFFLEBOARD COURTS MEETING ROOM e CARD ROOM e CLUB ROOM e ORESSING ROOMS f&f dip mm to Mi MM Each apt. with large private perch and individual entrance. Luxurious wall-to-wall nylon carpeting. Aluminum Awning windows throughout. All apartments are GENERAL fl ELECTRIC equipped with Refrigerator-Freezer, Range & Central Air ConditioningHeat individually When everything you were looking for is in Delray Beach! And Banyan House is very Delray. THE CONDOMINIUM RESIDENCE ON THE BEACH fj I t iH II I l) town m I I I .'I I0HT0N BEACH ill I '( ' r I m -rrs jl J4ii S;'SQ -ji If If I titi mil in' (In Ii !tP I ll'ii 1 bedroom I xh baths 2 bedrooms 2 baths Private docks on the Intracoastal Heated, fresh-water swimming pool Every apartment on the ocean Complete all-electric G.E. kitchen Minutes from shoppingrecreation 2 bedrooms 2'2 baths $35,000 to $59,000 7 teT West Apts. , Phone 732-6632 section II 235 Main Blvd. (S.W. 16th Ave.) Boynton Beach Palm Beach County, Florida 33433 Banyan House 1225 South Ocean Drive 278-2479 BMMIMbflMpdJRe

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