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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24 P A L M B E A C H R E L O C A T I O N G U I D E – S P R I N G | S U M M E R 2 0 1 6 B U S I N E S S A N D E C O N O M Y COUNTY BUSINESS INCENTIVES The county has five designated business enterprise zones including Belle Glade, Pahokee, South Bay, Riviera Beach/West Palm Beach (north zone) and West Palm Beach (south zone). Information is available from the Business Development Board of Palm Beach County. Every city in the county offers some incen- tives as well, including expedited permitting and/or cash incentives, as well as possible tax incentives. Visit www.bdb.org/reloca- tion/incentives-by-city to learn details. REGIONAL TRANSIT Florida has been in an aggressive transit devel- opment mode, expanding highways, airports, seaports, and adding or expanding train access across the state. Anyone who has driven across the United States can say from personal experience that Florida has one of the most well-maintained and best highway systems, offering swift passage of workers and goods. South Florida is currently constructing the All Aboard Florida rail line, which will service the Brightline system (www.gobright- line.com) linking Miami, Ft. Lauderdale, West Palm Beach and Orlando with a three- hour rapid transit train line. The Brightline rails will also be used to expand the existing Tri-Rail system connecting Dade, Broward and Palm Beach Counties with a new Coastal Link (www.tri-railcoastallink.com) running from downtown Miami to down- town Jupiter. This will be the first rail system to directly link the downtown business hubs of the coastal cities. Construction is now underway and the first segment of the Brightline system opens in mid-2017. Poten- tial benefits accrue to the freight system as well via upgrades to the railway, crossing grades and signaling systems. Palm Beach International Airport is one of the most beautiful airports in the region, constructed using native Florida sandstone. In addition to its unique architecture, it is a U.S Customs and Immigration Port of Entry, and handles both passenger and air cargo to national and international loca- tions. Other airports include Boca Raton Municipal, Glades Airport (recreational), Palm Beach County Park Airport (reliever) and North County General Aviation Airport (reliever). JOB GROWTH With all the activity in Palm Beach County, it is not surprising that the job outlook is highly positive. In contrast to other Florida counties, the Palm Beaches are adding more professional and business jobs than service jobs. In October 2015 the Palm Beach Post reported that business and professional jobs were up by 6,600 positions, followed by education and health services (3,200 jobs). Leisure and hospitality added 1,800 jobs, and that is expected to rise as the ongoing drop in gas prices, predicted to be long-term, drives an increase in tourism and boating activities. The same article reported that wages are up, especially for technology, accounting and finance professionals.

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