WEST PALM BEACH, Fla., Nov. 10, 2015 /PRNewswire/ -- The trend of companies moving to Palm Beach County continues to accelerate across multiple industries, with 25 relocation and expansion projects in the past twelve months adding thousands of jobs, according to the Business Development Board of Palm Beach County. During October alone, four companies disclosed plans to relocate to or expand in Palm Beach County, creating hundreds of new jobs in technology, manufacturing, science, and biomedicine.
Kelly Smallridge, CEO of the Business Development Board of Palm Beach County, said, "During the past twelve months, companies in business and financial services, aviation/aerospace/engineering, information technology, life sciences/clean tech, logistics and manufacturing have chosen Palm Beach County. These relocations and expansions indicate the breadth of industries reaping the advantages of doing business here.
"Climate, quality of life, low taxes and cost of living, quality education, a business-friendly attitude, access to deep-water ports and three international airports, and proximity to the markets of South America, all contribute to Palm Beach County's appeal as a business location. We are thrilled to relocate new companies to the area, and it is extremely rewarding to see existing businesses flourish and expand here."
In the past twelve months the Business Development Board of Palm Beach County facilitated projects adding $284,697,000 in new capital investment, and 3,604 new and retained jobs with an average wage of over $62,000 -- 130.9% of the existing county average. These companies will lease, construct, or purchase 1,363,423 square feet of space in Palm Beach County.
The Business Development Board assisted companies by supplying information and coordinating multiple county resources regarding site selection, permitting, financing, incentives, workforce development, and other services to help them access the breadth of support, and discover the ease of doing business, in Palm Beach County.
During October the following companies disclosed plans to relocate and expand in Palm Beach County:
East Coast Metal Structure Corp. will expand its operations in Palm Beach County with 21,000 square feet and 40 additional employees.
Sunshine State Biomass Cooperative is expanding its recycling operations in Palm Beach County, adding up to 200 employees at a 25-acre site.
Yachtico, the largest global online yacht booking company, is relocating its corporate headquarters to Palm Beach County from Germany, adding 50 jobs.
Zimmer Biomet will expand its dental division headquarters in Palm Beach County to create 178 new jobs at its 189,000-square-foot dental implant operation.
About the Business Development Board of Palm Beach County: The Business Development Board of Palm Beach County is the official public/private economic development organization for Palm Beach County and Enterprise Florida. Founded in 1982 as a not-for-profit corporation, its primary purpose is to attract and retain new industry, business investment, high quality jobs and workforce development through corporate relocations, expansions and international trade. During the past five years, the BDB has assisted companies that have created more than 12,600 direct jobs with average salaries greater than $67,000 resulting in more than $693 million in capital investment to Palm Beach County and an economic impact that exceeds $5.87 billion.
SOURCE Business Development Board of Palm Beach County