PALM BEACH COUNTY COUNTRY’S CHEAPEST PLACE TO RUN MEDICAL DEVICE PLANT, STUDY FINDS

Published Friday, February 5, 2016

Gov. Rick Scott tours Zimmer Biomet in Palm Beach Gardens.       (Jeff Ostrowski/The Palm Beach Post)

Palm Beach County is the cheapest place in the developed world to run a medical device plant, according to a study by The Boyd Co., a location consultant in Princeton, New Jersey.

The Boyd Co. estimated the cost of running a hypothetical 100,000-square-foot plant with 100 workers in 29 locations in Europe and North America. The annual budget ranges from a high of $10.9 million in Munich to a low of $3.6 million in cities along the Mexican side of the U.S. border.

In Palm Beach County, running a plant would cost $6.8 million. Predictably, that’s cheaper than Copenhagen, London and San Francisco. Surprisingly, Palm Beach County also is less expensive than Indianapolis and Dublin, Ohio.

 

 

Investors

#1 Palm Beach County Board of County Commissioners Aerojet Rocketdyne Bank of America Bank United Baptist Health South Florida
Caler, Donten, Levine, Cohen, Porter & Veil, P.A. CareerSource DePuy Synthes Power Tools, a Johnson & Johnson Company Equestrian Center Florida Crystals Corporation
FPL Greenberg Traurig Gunster Hardrives, Inc. HCA Palm Beach Hospitals
Hedrick Brothers Construction Hospital for Special Surgery J.C. White JP Morgan Chase LRP Publications
Martens Group Minto Communities, LLC NCCI Nova Southeastern University Palm Beach Aggregates, LLC
Palm Beach Park of Commerce PNC Bank Pratt & Whitney (A United Technologies Company) Raymond James Financial Services/Boynton Financial Group, Inc. RSM
South Florida Business & Wealth Magazine South Florida Business Journal Stiles-Nicholson Foundation TD Bank Tortoise Properties
Wells Fargo & Company Wexford Capital