About / Our Services / Relocation & Expansion
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.
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 |
Florida Power & Light - Economic Development Rate
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
- Rural IncentivesUrban Incentives
- Brownfield Incentives
- Florida Development Finance Corporation (FDFC)
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
CRA website: www.ci.boca-raton.fl.us/dev/index.shtm
City website: www.ci.boca-raton.fl.us
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
DDA website: www.westpalmbeachdda.com
Jupiter CRA
Town website: www.jupiter.fl.us
Lake Park CRA
Town website: www.lakeparkflorida.gov
Lake Worth CRA
CRA website: www.lakeworthbeachcra.org
City website: lakeworthbeachfl.gov
Neighborhood Renassaince, Inc.
Website: www.neighborhoodrenaissance.org
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
Incentives by City
*Offers Expedited Permitting
**Offers Expedited Permitting and Cash Incentives
***Offers Expedited Permitting, Cash Incentives and Ad Valorem Tax Exemption
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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