PALMETTO, Fla. – International direct sales company It Works Global will relocate and expand its corporate headquarters with the purchase of Riverside Plaza on the riverfront in downtown Palmetto, Fla., according to Palmetto Mayor Shirley Grover Bryant, speaking for the city and its Community Redevelopment Agency (CRA).
“The City of Palmetto’s redevelopment plan is in full swing with the addition of our newest corporate partner, It Works Global,” Bryant said. “The jobs and increase to the tax base will help spur even more private investment and encourage our local restaurants and businesses on the north side of the Manatee River.”
In 2012, It Works Global was ranked as one of the fastest growing U.S. companies nationwide by Inc. 500. The company moved to Manatee County in 2011 with assistance from the Manatee Economic Development Corp. (EDC), Manatee County Government and the State of Florida. The business currently has 59 employees and growing in Manatee County, with over 40,000 independent distributors around the world.
“With the purchase of the new building and expanding our corporate headquarters in Palmetto, we are so excited to have the ability to completely renovate the space to become an innovative office that embraces our youthful and energetic corporate culture,” said Mark Pentecost, chief executive officer of It Works Global. “Between Stoneybrook Golf Club in Bradenton and now our headquarters in Palmetto, we are looking forward to sharing Manatee County with our employees, guests, and independent distributors.”
“The EDC maintains close relationships with companies we assist, and we worked with It Works Global to identify opportunities to expand their corporate headquarters here in Manatee County,” said Sharon Hillstrom, president and chief executive officer of the EDC. “The Riverside Plaza property and the Palmetto CRA’s redevelopment plans seemed like a natural fit. We made the connection between the two, and they closed the deal. We are excited to see this dynamic company grow in our community.”
“Under Sharon Hillstrom, the EDC has really embraced all of Manatee County,” said Jeff Burton, Palmetto CRA director. “They have worked very hard for all of us.”
It Works Global has been awarded a Downtown Commercial Core Redevelopment Incentive package from the CRA and has used EPA environmental assessment grants made available through the Sarasota Manatee Metropolitan Planning Organization (MPO). The building, located in the newly created Palmetto Economic Enhancement District, allows It Works Global to apply for state economic brownfield incentives.
The CRA encourages local vendor opportunities through its incentive packages. Palmetto architectural firm Moore 2 Design is designing the It Works Global redevelopment project.
About the Manatee EDC
The Manatee Economic Development Corp. works to attract new high-impact businesses and assist in the retention and growth of targeted existing businesses in Manatee County. Information: www.ManateeEDC.com.
About the Palmetto CRA
The Palmetto CRA is a government entity dedicated to revitalizing the community. The CRA mission emphasizes public safety, infrastructure, commerce, accountability, property maintenance and image. Funded primarily by increment financing, the CRA encourages strategic investments to promote a vibrant and healthy economy.
About It Works Global
Founded in 2001, It Works Global is a direct sales company that offers the It Works Wrap, a body contouring line, supplements, and skin care products. Coupled with a rewarding compensation plan, It Worksgives people the ability to maintain a successful home based business and experience success as an entrepreneur. Today, It Works Global has thousands of independent distributors all over the world. For more information, visit www.ItWorksGlobal.com.