Incentives

Palm Beach County offers relocating and expanding companies competitive incentives on par with other major metropolitan areas and states. These incentives are flexible and apply to many different industry sectors and activities. Local and state government provides various types of assistance to new and expanding businesses that create employment. The level of assistance depends on the number of jobs created and the wage/benefits provided.

The Business Development Board of Palm Beach County’s expert team helps you facilitate a wide array of expansion and relocation incentives through state and local government agencies. Our staff is experienced in navigating the tax abatement and grants processes through established working relationships with the appropriate professionals throughout Palm Beach County.

Palm Beach County Local Incentives through the Department of Housing and Economic Sustainability

 

 

 

 

Other Local Incentives

Worker Training
Ad Valorem Tax Exemption
Film & Television Incentive Grant Program
Foreign Trade Zone #135
Job Growth Local Incentive Fund  

Florida Power & Light  - Economic Development Rate

FPL's new Office of Economic Development is creating a suite of professional services intended to assist businesses with strategic planning, project coordination, site selection, rate options, sustainability and energy efficiency. An experienced staff will provide a single point of contact with the technical expertise and knowledge to help businesses thrive in this region.


State Incentives

Targeted Industry Incentives

  • Qualified Target Industry Tax Refund Program - QTI
  • Qualified Defense and Space Contractor Tax Refund Program - QDSC
  • Capital Investment Tax Credit - CITC
  • High Impact Business Performance Incentive Grant - HIPI


Workforce Training Incentives

  • Florida Flex (formerly known as Quick Response Training)
  • Incumbent Worker Training Program (IWT)

Infrastructure Incentives

  • Economic Development Transportation Fund

Special Opportunity Incentives

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 Carrier 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