Nestled along the southeastern coast of Florida, Palm Beach County is an ideal location for businesses of all sizes and industries. With its beautiful weather, diverse population, and thriving economy, it's no wonder why so many companies are choosing to call this area home. In this blog post, we'll explore the many reasons why Palm Beach County is a great place for businesses to thrive.
Growing Economy
Palm Beach County boasts a robust and diverse economy. According to the Palm Beach County Business Development Board, the area has a Gross Metropolitan Product (GMP) of over $115 billion, making it the 11th largest economy in the state. The county has a wide range of industries, including aerospace, life sciences, technology, and agriculture, providing ample opportunities for businesses to grow and succeed.
Access to Talent
One of the key drivers of Palm Beach County's economy is its highly educated workforce. The county is home to several colleges and universities, including Florida Atlantic University, Palm Beach Atlantic University, and Lynn University. Additionally, the area has a strong pool of skilled workers, with a median household income of over $68,000 per year, according to the U.S. Census Bureau.
Pro-Business Environment
Palm Beach County is known for being a pro-business environment. The area has a low tax rate, no state income tax, and a streamlined permitting process that makes it easy for businesses to get up and running quickly. Additionally, the county has several programs and incentives in place to support businesses, including the Palm Beach County Business Accelerator Program and the Business Development Board's international trade services.
Quality of Life
Palm Beach County is famous for its beautiful beaches, sunny weather, and outdoor activities. The area is home to several state parks and nature preserves, including the John D. MacArthur Beach State Park and the Loxahatchee River Battlefield Park. Additionally, Palm Beach County has a thriving arts and cultural scene, with museums, galleries, and theaters located throughout the area. The county also has several shopping and dining destinations, including the upscale Palm Beach Gardens Mall and the trendy downtown Delray Beach.
Access to International Markets
Palm Beach County is strategically located near several international airports and seaports, making it easy for businesses to access global markets. The area has several airports, including the Palm Beach International Airport and the Fort Lauderdale-Hollywood International Airport. Additionally, the Port of Palm Beach is a major cargo port that provides access to international trade routes.
Palm Beach County is a great place for businesses to thrive, with its growing economy, highly educated workforce, pro-business environment, quality of life, and access to international markets. The area has something to offer businesses of all sizes and industries, making it an ideal location for companies looking to grow and succeed. If you're looking for a sunny side of business, Palm Beach County is the place to be.