Palm Beach County has seen sharp rise in investment and employment opportunities in the aviation and aerospace, business and financial services, communications and technology, life sciences, distribution, manufacturing, and logistics sectors.
Because of the huge changes in work arrangements that took place at the height of the Covid-19 pandemic in 2020, Palm Beach saw a sharp rise in arrivals from Massachusetts, Connecticut, and New York, in particular, with a significant number coming from financial services, like hedge funds, wealth management, family firms, and private equity.
Amid the surge in arrivals, there has been a real estate boom as around 5 million square feet of office space is being built to accommodate demand. The pandemic necessitated remote work for thousands of workers, an arrangement that yielded the same level of productivity without the office setup.
To attract more investment, Palm Beach County launched a national advertising campaign to inform potential stakeholders that key office spaces were ready to accommodate new and migrating businesses and can provide the workforce they may need.
The county’s business-friendly policies include expedited business registrations, as well as a concierge service where individuals, families, and companies can inquire about the availability of schools, medical services, doctors, hospitals, and other private services.