South Florida Becomes Mecca for Security Industry Giants

Wednesday, 10 Oct 2012 02:53 PM

By David Wright

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
The lives of virtually every person in the nation are touched by the country’s top security firms. Whether you have a burglar alarm at your house or a guard watches while you do your banking, the so-called “Big Four” American security firms make your life safer.

And now all of the firms have moved to one area of Florida. With the arrival of Garda World Security Corp to join ADT, G4S, and The Geo Group, Palm Beach County, Fla., is now home to the American or world headquarters of all four giants of the industry.

“Palm Beach should have a new motto: sun, sand – and security,” smiles Kelly Smallridge, CEO of the county’s Business Development Board.

Three of the “Big Four” are based in one seaside city: Boca Raton. Garda – one of the top security solutions and cash logistics firms – moved its U.S. headquarters there last year from Pasadena, Calif.; ADT is a leader in electronic security and monitoring services for homes and small businesses; The Geo Group manages 116 prison and correctional facilities around the world. G4S, headquartered a few miles further north in Jupiter, is a world leader in international security solutions, with 50,000 employees around the U.S. and Canada.

It may seem odd that all four firms have located to the same area, but Smallridge said state and local officials have been aggressive in offering incentives to woo the companies. Garda, for example, was offered $1 million package of incentives from the state and local authorities to move from California and it proved rich enough for Boca Raton to beat competing bids from Broadview, Ill., and Wilmington, Del.

And there’s another reason that Palm Beach County has become the security capital of the nation. Says Smallridge: “CEOs like to live in Palm Beach.”

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Bernie Kerik: Bring Back US Fugitives 'If Cuba Opens Up'

Friday, 19 Dec 2014 12:48 PM

President Barack Obama's shift in policy on Cuba opens the door for the return of fugitives to the U.S. that fled there  . . .

Computer Security Expert: Sony Hack Attack May Be Inside Job

Friday, 19 Dec 2014 12:09 PM

A disgruntled employee could be responsible for the Sony hack attack that ultimately resulted in the cancellation of the . . .

NY Times: Lawyers Colluding With States to Sue Companies

Friday, 19 Dec 2014 12:09 PM

An investigation by the New York Times has ripped the lid off of a multimillion-dollar collusion between state attorneys . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved