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An industry cluster can be a group of interrelated industries that drive wealth creation within a region, primarily through the export of goods and services. Palm Beach County is simply a hub for specific industries. The Business Development Board commissioned SRI International to perform an industry cluster development strategy for Palm Beach County. In earlier studies SRI identified and described six key clusters in our region, but that has grown exponentially to include:
Cluster-based economic development initiatives are built around the idea that nurturing key industries improves the competitiveness of businesses within these industries, in turn boosting the economy.
The Business Development Board organizes an Industry Cluster Committee network as well as several Task Forces designed to build upon the market knowledge and expertise of businesses with the talents and resources of government, education, and economic development organizations. Clusters can grow through informal networking, but some formal structure helps ensure their growth and effectiveness.
The Business Development Board is your one-stop, countywide resource for information on relocating or expanding your business to or in Palm Beach County. Our free, confidential services include help with permitting, incentive funding assistance, workforce development, research services, and site selection, as well as project management and connections to public/private resources.
Whether you are new to Palm Beach County or already established here, the Business Development Board is uniquely positioned to help your business take full advantage and leverage all the resources available to you.