Why Palm BeachCounty Shines

The Business Development Board has a team of experts to assist you with your business relocation and expansion needs in Palm Beach County. Contact us and let us show you why, in Palm Beach County, Innovation. Starts. Here.

Palm Beach County ranked #23 in the U.S. and Canada as an affordable place to do business compared to other biotech hubs.
The Boyd Co., a location consulting firm in Princeton, N.J., conducted a study that calculated the cost of running a bioscience business.  The study was based on 35 metro areas in U.S. and Canada and cost estimates were based on the bill to operate a 60,000-square-foot facility with 150 workers. (Palm Beach Post, The Boyd Co., November 2009)  

The West Palm Beach region ranked #31 as one of Florida's Smartest Regions according to The Daily Beast. 
Results were based on a nationwide survey of the 55 mosted populated metros.  Rankings were determined by the number of residents with bachelor's degrees and graduate degrees according to the U.S. Census; political engagement; available institutions of higher learning; and nonfiction book sales, as tracked by Nielsen BookScan.  (TCPalm.com, October 2009) 

Boynton Beach's "The Links" Golf Course named Florida's best municipal golf course according to Golf Digest.
The criteria was a combination of the magazine's Best Places to Play and Best in State rankings.  The Links has earned 4.5 star ratings in Best Places to Play over 3 consecutive listings with an emphasis on pace of play, value, service and course condition.  The Links also earned a 4.5 star rating on the municipal-course list. (Palm Beach Post, July 2009)  

Palm Beach County high schools ranked among top 100 in nation according to Newsweek.
The schools listed were Suncoast at 7, Dreyfoos at 50, Atlantic and 52 and Boca at 83.  The Newsweek list ranks schools based on a Challenge Index where the number of Advanced Placement, International Baccalaureate and/or Cambridge tests taken by all students at a school in 2008 are divided by the number of graduating seniors. (Palm Beach Post, June 2009)

In Palm Beach County, Bak Middle and Waters Edge Elementary were named among the country's 320 No Child Left Behind-Blue Ribbon Schools for 2008. 
The No Child Left Behind-Blue Ribbon Schools program honors both public and private schools from elementary through highschool who either show academic superiority or demonstrate a dramatic gain in student achievement to high levels.  Both Bak Middle and Waters Edge will receive a plaque and a flag signifying their status and these schools will serve as models for other schools in the nation. (Palm Beach Post, September 2008)

According to Inc. Magazine, Palm Beach County is home to 20 of the fastest growing privately-held companies for this year's Inc. 500/5000 rankings. 
Inc. Magazine announced 5 Palm Beach County based companies on this year's Inc. 500 and 15 Palm Beach County based companies on this year's Inc. 5000.  (Inc. Magazine, August 2008)

In Palm Beach County, Royal Palm Beach ranked #9 according to Family Circle magazine's annual Top 10 list of "Best Towns for Families" 
Family Circle magazine announced Royal Palm Beach on its list of the top 10 best towns in the United States for families to live and raise kids.   The nationwide survey included 1,850 communities with populations between 15,000 and 150,000.(Family Circle Magazine, August 2008)
 
Three Palm Beach County high schools have made Newsweek magazine's Top 100 list for 3rd year in a row.  
Newsweek magazine listed three Palm Beach County schools on its annual list of the best 1,300 schools in the nation.   Of the 1,300 schools listed, Suncoast Community in Riviera Beach ranked No. 3, Dreyfoos School of the Arts in West Palm Beach ranked No. 33 and Atlantic Comunity in Delray Beach ranked No. 57. (Newsweek Magazine, May 2008)
 
Kauffman Index 2008:  
The Miami-Fort Lauderdale-Palm Beach division, ranked No. 5 in the nation on the Kauffman Index of Entrepreneurial Activity. The index measures business startup activity for the entire U.S. adult population at the individual owner level. For 2007 the index measured that 410 out of every 100,000 adults created a new business each month in the metro, based on a combined population of 5.5 million people.  (Kauffman Foundation, April 2008)

South Florida has been designated a mega-region of the future and a driver of U.S. economic growth according to Richard Florida's new book "Who's Your City?"  West Palm Beach in Palm Beach County was noted as an up-and-coming biotech and marine research center.  Other noted strengths in the South Florida region include a considerable capability in arts and entertainment technology and its status as a gateway for Latin American banking and investments. (BNET Today, March 2008)

Palm Beach County is ranked #3 as the next "Up-and-Coming Tech City"
According to Forbes.com, Palm Beach County is becoming the new haven for cutting-edge biotech and life science research. The county ranked #3 in the nation according to Forbes 2008 small business outlook. (Forbes.com, March 2008)

Palm Beach County is home to America's #1 Most Admired Company in the Electric & Gas Utilities Industry according to Fortune Magazine  
FPL Group, located in Juno Beach, ranked #1 in its respective industry group catagory as one of America's Most Admired Companies.  These annual rankings are determined bya survey of industry peers and are based on qualities such as innovation, social responsibility, financial soundness, quality of products/service, and use of corporate assets.  (Fortune Magazine, March 2008) 

South Florida No. 1 nationally in self-employment
According to a study by the Kauffman Foundation, four of the five metropolitan areas nationally with the highest self-employment are in Florida, with the top three, stretching from Palm Beach County to Miami-Dade County, in South Florida. (Sun-Sentinel, February 2008)

South Florida is home to at least 1,183 multinational companies from 56 nations that collectively manage more than $202 billion in revenue, according to a study released Wednesday by WorldCity Business Magazine
The study is the most thorough survey of South Florida's ''submerged'' multinational economy -- a sector often overshadowed by the glitzy tourism and real estate markets. The study found 41 of South Florida's multinationals are billion-dollar companies---- five are in Palm Beach County. (World City Business Magazine, January 2008)
 

Palm Beach County is the 5th largest school district in Florida and the 11th largest in the nation with over 168,546 students (K-12) during the 2007-2008 school year.
The School District has earned an "A" rating from the Florida Department of Education for the second year in a row based on student performance on the FCAT and school grades are among the highest in the state with 104 schools earning A's, 20 schools earning B's and 24 schools earning C's.  
 

2007 - Palm Beach County Awarded "AAA+" bond rating by all three rating services:
Moody's Investors Services, Fitch, and Standard & Poor's. The AAA rating puts Palm Beach County in a select group (44 counties out of 3,066 nationwide), and is the only county in the state of Florida to which Fitch has assigned an "AAA" rating. The "AAA" rating reflects Palm Beach County's vibrant and diversifying economic base, sound financial position and moderate debt levels.
 

According to Inc. Magazine's 2007 list of the 5,000 fastest growing private companies in America, Palm Beach County has 30 companies listed of which 48% reside in Boca Raton. The Inc. 5,000 is ranked according to percentage revenue growth from 2003 through 2006. Additionally, they had to be U.S.-based, privately held, and independent--not subsidiaries or divisions of other companies--as of December 31, 2006.  (Inc. Magazine, 2007)
 

America's Best High Schools by U.S. World and News Report
In Palm Beach County, Alexander W. Dreyfoos School of the Arts in West Palm Beach ranked No. 25 and Suncoast Community High School in Riveria Beach ranked No. 51 out of 100, according to the first ever ranking of America's Best High Schools by U.S. World and News Report. The ranking measures the schools on how well they prepare students to achieve their post-graduation goals. Earlier this year, Newsweek magazine's Top 100 high schools in the country listed Suncoast at No. 5 and Dreyfoos at No. 19.  (U.S. World and News Report, November 2007, Sun-Sentinel, December 2007)
 

2007 LOGISTICS QUOTIENT TM:
America's Most Logistics-Friendly Cities As in years past, the study takes a look at the 362 metropolitan statistical areas (MSA) established by the Office of Management and Budget and compares them according to 10 major categories. A standard feature of Expansion Management's various annual metro "Quotient" studies is the awarding of the "5-Star" designation to the top 20 percent of the MSAs. Metros that earn this distinction can rightfully consider themselves to be among the elite logistics cities. Among those to receive the 5-star award included the Miami-Fort Lauderdale-Miami Beach metro, which is comprised of the Palm Beach County division, Ft. Lauderdale division and the Miami division.  (Expansion Management, October 2007)
 

Best Performing Cities:
Where America's Jobs Are Created and Sustained September 2007, Milken Institute's 2007 Best Performing Cities Index. The index ranks U.S. metros based on their ability to create and sustain jobs. It includes both long-term (five years) and short-term (one year) measurements of employment and salary growth. Among the Top 200 Largest Metros, the West Palm Beach-Boca Raton Metropolitan Division ranked at #36 overall and #13 for 1 yr wages and salaries growth.
 

Best Places For Business And Careers
Where are the best places to jump-start a business or a career? Forbes Magazine ranks West Palm Beach #60 among the Top 200. Cost of doing Business, Job Growth and Educational Attainment were some of the criteria used to rank the metro's. West Palm Beach ranked #15 among the metros in job growth. (Forbes Magazine, April 05, 2007)

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