A Great Place to Work
Not only is Palm Beach County a great place to live, but also a great place to work or build a business.
1. A Business-Friendly Environment
The county offers a pro-business environment, low business and living costs, a solid infrastructure system, a skilled and educated workforce, superior education and job training, and high-quality healthcare. Moreover, Florida offers a highly favorable tax climate, including:
- NO corporate income tax on limited partnerships
- NO corporate income tax on subchapter S-corporations.
- NO state personal income tax is guaranteed by constitutional provision.
- NO corporate franchise tax on capital stock.
- NO state-level property tax was assessed. NO property tax on business inventories.
- NO property tax on goods-in-transit for up to 180 days.
- NO sales and use tax on goods manufactured or produced in Florida for export outside the state.
- NO sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging.
2. Constant Growth
Palm Beach County is the #1 county for both people and income growth compared to other counties studied in the state of Florida, as proved by the Unacast's March 2021 report. In 2020, the county welcomed 11,000 people with a new net income gain flow of $3.4 billion—far exceeding the gains of any other county in the U.S. studied by Unacast. Palm Beach County is the #1 South Florida County considered an “emerging area” based on migration trends.
3. Access to The South Florida Market
By locating your business in Palm Beach County, you instantly gain access to the entire South Florida region, including:
- 6.5 million potential customers
- 809,000 k-12 students in A-rated school districts
- 375,000 higher education students
- 3.1 million person labor force speaking 38 languages
4. Diverse Industries
The highest average salaries include the following industries: Agribusiness, Aviation/Aerospace/Engineering, Financial Services, Corporate Headquarters, Distribution/Logistics, Equestrian, Healthcare, Life Sciences, Infotech, and Manufacturing.
Agriculture. 456,001 acres in Palm Beach County are dedicated to agriculture. Palm Beach County leads the nation in the production of sugarcane, fresh sweet corn, and sweet bell peppers. The county leads the state in the production of rice, lettuce, radishes, Chinese vegetables, specialty lead, and celery.
Aviation/Aerospace/Engineering. The Aviation/Aerospace/Engineering industry employees 20,510 people, with an average salary of $102,672.
Financial Services. Palm Beach County employs 37,255 people in financial services and boasts more than 75 corporate headquarters.
Distribution/Logistics. Palm Beach County is home to more than 15 distribution centers that occupy more than 5 million square feet in the county. The three largest include Amazon, Aldi, and Walgreens.
Equestrian. Palm Beach County is known as the equestrian capital of the world, with riders from 33 countries.
Healthcare/Life Sciences. The county is home to 15 hospitals and 711 life science companies.
Infotech. The infotech sector counts 1,705 companies and employs over 2,300 people.
Manufacturing. The manufacturing industry creates 23,670 jobs, with an average salary of $88,101.