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.

Incentives

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 Development
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State Incentives

Targeted Industry Incentives

  • 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

  • Job Growth Grant Fund

Special Opportunity Incentives

Florida's Economic Gardening Program

Florida Tax Advantages

HUBZone

The HUBZone Program from the U.S. Small Business Administration (SBA) helps promote job growth, capital investment, and economic development to historically underutilized business zones, referred to as HUBZones, by providing contracting assistance to small businesses located in these economically distressed communities.
To qualify for the program, a business (with the exception of tribally-owned concerns) must meet the following criteria:

  • It must be a small business by SBA standards;
  • It must be at least 51% owned and controlled by U.S. citizens, or a Community Development Corporation, or an agricultural cooperative, or an Indian tribe;
  • Its principal office must be located within a “Historically Underutilized Business Zone,” which includes lands considered “Indian Country” and military facilities closed by the Base Realignment and Closure Act; and
  • At least 35% of its employees must reside in a HUBZone.

Opportunity Zones

Additional Local Incentives

Boca Raton CRA

Boynton Beach CRA

CRA website: boyntonbeachcra.com
City website: www.boynton-beach.org

Delray Beach CRA

CRA website: www.delraycra.org
City website: www.mydelraybeach.com

Downtown West Palm Beach/ Clematis Street District

Jupiter CRA

Town website: www.jupiter.fl.us

Lake Park CRA

Lake Worth CRA

Neighborhood Renassaince, Inc.

Northwood/Pleasant City CRA

City website: www.wpb.org

Riviera Beach CRA

CRA website: www.rbcra.org
City website: www.rivierabch.com

West Palm Beach CRA

CRA website: None
City website: www.wpb.org

Westgate/Belvedere Homes CRA

CRA website: westgatecra.org

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An Area of Opportunity: The Glades Region

Comprised of Belle Glade, Pahokee and South Bay, the Glades Region has plenty of land for endless opportunities in the West part of our county. Visit PBCglades.org to learn more.

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