Palm Beach Relocation Guide

SPR-SUM 2016

The Palm Beach Relocation Guide is Palm Beach County's most respected relocation publication and is a MUST for anyone considering visiting, moving to, living in, or just wants to learn more about the Palm Beaches.

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P A L M B E A C H R E L O C A T I O N G U I D E . C O M 23 Manufacturing: Palm Beach County's diverse manufacturing sector includes sophisticated aviation and marine components, biomedical devices, pharmaceuticals, IT hardware and software, printing and construction products. Because many of county's manufacturers are smaller businesses, the Business Develop- ment Board recently formed a Manufacturing Task Force to promote this sector. Marine Industry: Marine services and manu- facturing employs almost 20,000 workers. A study released by the Marine Industries Association of Palm Beach County shows the marine industry has an annual direct economic impact of $1.35 billion in Palm Beach County. With 47 miles of Atlantic Ocean coastline, from deep-sea fishing in the Gulf Stream, to scuba diving in nearby reefs, to sailing the protected waters of the Intracoastal, this is a boater's paradise. West Palm Beach is host to the Palm Beach International Boat Show, one of the Top 10 Boat Shows in the country. The Port of Palm Beach located in Riviera Beach connects to the Atlantic Ocean through the Lake Worth Inlet. It is the fourth-busiest container port in Florida and eighteenth in the nation. The port has a huge impact on business throughout the county, providing a shipping hub for both inbound and outbound trade, intermodal distribu- tion, as well as being a terminal for cruise ships. Celebration Cruises carries passengers to the Bahamas and Blue Horizon Casino Cruises takes them on gambling excursions. MARKET ACCESS TO THE CARIBBEAN Unlike most ports, the Port of Palm Beach also handles exports, with approximately 80 percent of its cargo being exported, creating a positive trade balance. The majority of the exported cargo supports the island nations of the Caribbean. The Port of Palm Beach supplies 60 percent of everything consumed in the Bahamas and is an essential lifeline to the rest of the Caribbean. The Port also exports nearly 1 billion tons of raw sugar produced in the Belle Glade region. The Port of Palm Beach is poised to be a key link to the opening of Cuba for trade and tourism, with immediate potential for cruise ship activity and longer term commercial ventures as negotiations between the United States and Cuba proceed. EDUCATING A COMPETITIVE WORK FORCE Palm Beach County is home to five universities, numerous research institu- tions, and a primary/secondary public education system designed to promote critical thinking as students prepare for the demands of college and career. The Choice Program is available to students from an early age in specific career-preparation tracks for health care, life sciences, veter- inary, and other STEM, arts and business paths. The county participates in the Inter- national Baccalaureate program. The School District of Palm Beach County is rated "A" by the State of Florida, and is Flor- ida's only urban school district with this high grade. Some of the most highly rated private schools in the United States are located in Palm Beach County, including the Top 100 U.S. News and World Report rankings. BUSINESS TAXES, SALES TAX AND LICENSING The State of Florida requires certain busi- nesses to obtain professional licenses through state examination boards located in various departments, for example, health care workers are licensed through the Florida Department of Health. A list of all business and professional requiring a state license is available at www.myfloridalicense.com. An overview of the corporate business tax system is available at the Florida Depart- ment of Revenue, www.dor.myflorida.com/ dor/businesses, which also covers Unem- ployment Tax and taxes collected by the Department of Revenue. The departments offers a startup kit for business owners at www.dor.myflorida.com/dor/businesses/ newbusiness_startup.html. Florida charges a 6 percent sales tax on retail purchases and a use tax on certain leased/ rented goods and services. Registration with the state is required, and taxes can be filed and paid online.

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