Financial Services - Wall Street South®
Wall Street South®
Palm Beach County’s Financial Services industry is anchored by Wall Street South®, an official initiative of the Business Development Board of Palm Beach County used to promote economic development and position the Palm Beaches as a global destination for business growth and innovation. This thriving financial ecosystem attracts wealth management firms, investment companies, private equity, banking, and capital markets leaders seeking strategic expansion and relocation opportunities. BDB’s executive concierge services help firms thrive in the Palm Beaches, with hundreds estimated to have relocated in recent years.
Why Palm Beach County is Wall Street South®
Home to:
19,894 companies
120,791 jobs
$123,099 average salary
$35.4 Billion Total Gross Regional Product
68 billionaires
75,000 millionaires
Top 5 Fastest-Growing Wealth Hubs in the World
39 Billion of wealth flowed into Florida; Palm Beach County received a fourth of it all
#1 Location to attract and retain the young and wealthy
120 estimated relocations in the past few years
4 out of the top 10 private equity firms
#1 area for NY relocations
FACT: Finance is the #1 sector in Palm Beach County ranked by personal income exceeding $7 billion
Why Financial Services Thrive Here
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Hundreds of financial firms choose Palm Beach County’s Wall Street South® ecosystem because of its strong talent pool, business incentives, and strategic East Coast location.
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BDB helps financial services companies expand, relocate, and access local opportunities.
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The region stands out for investment, wealth management, banking, and capital formation.
TAX ADVANTAGES
- No state personal income tax or estate tax
- No corporate income tax on limited partnerships
- No corporate income tax on subchapter S-corporations
- No state-level property tax
Courtesy of BDO US LLP
CLASS A OFFICE SPACE
Palm Beach County currently has more than 2 million sq. ft. of Class A office space under construction with new offices such as One Flagler, One West Palm, Banyan & Olive, Aletto Square and The Modern at PGA in the pipeline.
Home to 39 cities and towns, the most popular ones that financial firms relocate to in Palm Beach County include:
- Boca Raton
- Delray Beach
- Jupiter
- Palm Beach
- Palm Beach Gardens
- West Palm Beach
- Wellington
TRANSPORTATION TO GET YOU HOME BY DINNER
The Brightline high speed train has two stations in Palm Beach County - one in downtown West Palm Beach and the other in Boca Raton. The luxurious ride transports Floridians to the downtown areas of Palm Beach, Broward, and Miami-Dade Counties within an hour. New stations are under construction.
Palm Beach International Airport, recently ranked as the top 10 airports in the world, has nonstop flights that will get you home in time for dinner after a flight to New York.
By locating your business in Palm Beach County, you instantly gain access to the entire South Florida region:
- 6.5 million potential customers
- 809,000 k-12 students in A-rated school districts
- 375,000 higher education students
- 3.1 million person labor force speaking 38 languages
EDUCATION
- 10th Largest Public School District in the Nation and Rated A
- 160 Private and Faith-Based Schools
- Home to 17 International Baccalaureate (IB) World Schools
- Ranked #1 for President Scholars
- Our graduates go off to ivy league schools across the nation
- Visit PBCedu.org to learn more
School District of Palm Beach County
Serves 171,261 K-12 students
A-rated, large urban school district
Nearly 330 award-winning programs
182 different campuses
Colleges and Universities
Palm Beach Atlantic University
Florida Atlantic University
Palm Beach State College
NOVA Southeastern University
Lynn University
Keiser University
Private and Faith-Based Schools
American Heritage Academy
Atlantic Christian Academy
Baldwin Prep School
Berean Christian School
Boca Raton Christian High School
Cardinal Newman
Grandview Preparatory School
Oxbridge Academy
Palm Beach Day Academy
Pine Crest
Rosarian Academy
Saint Andrews
Gulfstream School
Jupiter Christian School
Kentwood Preparatory School
St. Ann's Catholic School
St. Mark's Episcopal School
The Benjamin School
The Greene School
The Kings Academy
The Weiss School
Turtle River Montessori
Spotlight
NEWDAY USA
WEST PALM BEACH, FL
NewDay USA, one of the nation’s leading veteran mortgage lenders, created hundreds of new jobs at 360 Rosemary in West Palm Beach over the next two years. This new location will serve as the second headquarters for NewDay USA and and occupied over 50,000 sq. ft. NewDay's average age is between 25 and 30.
HOW WE HELPED:
The Business Development Board complimentary assisted NewDay USA with access to the City of West Palm Beach’s financial resources. It also facilitated expedited permitting and information on community engagement.
Spotlight
Siris Capital
Siris Capital was founded in 2011 to bring new thinking and a distinct approach to tech & telecom private equity investing. Today, Siris has raised over $5.9 billion of cumulative committed capital and is currently targeting investment opportunities with transaction values of $500 million to $2 billion.
Spotlight
GTCR
GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $24 billion in over 270 companies, and the firm currently manages over $27 billion in equity capital.
Wall Street South® is an official brand of the Business Development Board of Palm Beach County, used to promote economic development and position the Palm Beaches as a global destination for business growth and innovation. It's a federally registered trademark that has been associated with Business Development Board programs, initiatives, campaigns and merchandise.
As Wall Street South®, Palm Beach County continues to attract leading financial services firms seeking growth, talent, and long-term opportunity. The Business Development Board of Palm Beach County provides confidential, no-cost relocation and expansion support to help financial companies succeed in one of the nation’s fastest-growing business environments.
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