Palm Beach County has become famous lately for something other than 60 miles of gorgeous beaches, world-class cuisine and shopping, and more than 200 cultural organizations. As the site of the new “Winter White House,” the area is being recognized as a new power center. Home to the wealthiest ZIP code in the United States—Manalapan—the Palm Beaches are also home to an expanding global financial district and a growing number of corporate headquarters from around the world.
Wealth managers and financial professionals are attracted by the favorable tax environment, which includes zero income tax. Corporate CEOs like the business-friendly atmosphere and the exceptional lifestyle in Palm Beach County. A burgeoning life sciences industry is building up around two major research hubs, Max Planck Institute and Scripps, which benefit from a wealth of entrepreneurial talent at the area’s many universities. Aerospace, engineering, logistics, and distribution companies are finding The Palm Beaches to be an ideal place to expand given the proximity to deep water ports, international airports, and rail transportation. All of this activity has put Palm Beach County on the map for businesses seeking a home that is rich in the arts, culture, and entertainment.
The secret behind Palm Beach County’s success in attracting companies and building the ideal ecosystem for innovation is a special combination of local beauty, lifestyle, and a global outlook. The Business Development Board of Palm Beach County, with the leadership of its President and CEO Kelly Smallridge, has created unique partnerships among companies, educators, business incubators, research facilities and financiers to build a lasting ecosystem that is “built for business.” Universities, banks, and industry groups join forces to create opportunities for innovation and lasting growth, and educators work with the Business Development Board to provide students with curricula, events, and courses that will develop tomorrow’s workforce.
At the same time that Palm Beach County is becoming a global innovation hub, it is working hard to preserve the local flavor and ease that is so attractive to business. Palm Beach International Airport is a major international airport that is expanding, making business travel pleasant and smooth. Quality of life is a priority in this tourism Mecca.
The Business Development Board has created go-to websites and networks to guide relocating companies and workers in every aspect of business and family life. An education portal identifies schools that are best suited to each relocating family (pbcedu.org). Special sites and programs help startup companies to establish and flourish (PBCEship.org). The Business Development Board guides each company through the processes of incentives, site selection, finding available space that is move-in ready and shovel ready, introducing executives and H.R. leaders to the region’s assets, and so much more.
“It’s the personal touch that shows employers we are ready, willing and very able to create the business environment that will ensure success,” says Kelly Smallridge. “By being the easiest people to work with and building systems to smooth the way for CEOs, H.R. leaders, employees and families, Palm Beach County is attracting more and more companies to our pro-business, vibrant, and beautiful location.”