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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Page 21 of 203

20 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 businesses compliment each other and are economic drivers for the county. Agribusiness: The historical core of Palm Beach County's economy, agribusiness uses 36 percent of the landmass, with 456,000 acres devoted to agriculture and ranching. The output of $1.38 billion in agricultural sales for 2014-15 leads all counties east of the Mississippi River, and is one of the ten largest agricultural county outputs in the United States. The county is a national leader in the production of sugarcane, fresh sweet corn, and sweet bell peppers, and lead the state in production of lettuce, rice, radishes, Chinese vegetables, specialty leaf vegetables and celery. Additionally, annual revenue within the county from the land- scape and landscape maintenance business tops the state at $450 million. Aviation | Aerospace | Engineering: Palm Beach County is a recognized national leader in the aviation/aerospace/engineering industry, with more than 20,000 employees in 629 businesses, including B/E Aero- space (the worldwide leading manufacturer of passenger-cabin interior products for jet aircraft), Lockheed Martin, Pratt Whitney, Aerojet Rocketdyne, and Sikorsky Aircraft Corporation, which manufactures the U.S. Army's UH-60M BlackHawk helicopter here. Educational institutions throughout the county work with private industry to provide a highly skilled and knowledgeable work- force, including aeronautics/aerospace and related technology/engineering programs at Boynton Beach Community College, Florida Atlantic University, Lynn University, and Palm Beach State College. Business and Financial Services: The busi- ness and financial services sector accounts for nearly 24 percent of all jobs in Palm Beach County. Palm Beach County is filled with top-notch wealth management, corpo- rate finance, accounting, legal, advertising, architecture and other professional service firms that benefit from one of the most favorable tax environments in the nation. In turn, they provide the expertise needed for other industries to succeed. Firms in the county cater to South Florida's affluent corporations and individuals, and a diverse multilingual workforce allows these compa- nies to serve regional, state, and global markets. Professional service companies here recruit top talent from the area's many MBA programs. Clean Tech: The geography and climate of the Palm Beaches provide significant solar, biomass, and ocean energy sources, which is why Florida ranks third nationally in clean energy jobs. Florida is number one in annual biomass production, number one in net energy generation from biomass, and seventh nationally in generation from renewable sources, including hydroelectric and solar. The state supports research and development in the industry through renewable tax incen- tives and support of research centers. Distribution and Logistics: Palm Beach County is centrally located to Florida's largest population centers, and has conve- nient access to world markets via the port. The county is home to 14 distribution centers totaling over 3.2 million square feet. These distribution centers take advantage of Inter- modal Systems Highways, railroads, airports, and the Port of Palm Beach. Equestrian: No other place in the world can compare with the concentration of sport horses in Palm Beach County. The Palm Beach International Equestrian Center in Wellington is the more recognizable eques- trian sports venue in the United States. The Winter Equestrian Festival runs from January to April annually, hosting competitions for jumpers, hunters and equitation, attracting over 250,000 people and more than 6,500 horses to the event. The International Polo Club is also located in Wellington, and hosts the U.S. Open Polo Championship. Healthcare: Palm Beach County's healthcare industry is vital to its economy, providing over 80,000 jobs in 4,800 healthcare-re- lated businesses. Nine of the county's state-of-the-art hospitals are recognized by The Joint Commission, an industry accreditation and inspection organization. There are significant research institutions as well as medical, nursing and pharma- cology colleges located in the county, and the public school system supports future health care providers through programs at Photos courtesy of The West Palm Beach Downtown Development Authority

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