Palm Beach County is a hub of economic activity that supports booming industries across diverse sectors. The Business Development Board (BDB) plays a vital role in driving growth and promoting innovation in the region. Let’s explore some of the top industries supported by the Palm Beach County BDB.
Healthcare and Life Sciences
The healthcare and life sciences industry is a key contributor to the Palm Beach County economy. The region’s impressive array of medical facilities, research institutions, and life science companies generate high-value jobs and foster innovation. Palm Beach County BDB has worked closely with industry leaders like Scripps Research, Max Planck Florida Institute for Molecular Medicine, and The Vaccine & Gene Therapy Institute of Florida to drive growth in this sector. The BDB has also facilitated the expansion of hospitals like JFK Medical Center, Good Samaritan Medical Center, and St. Mary’s Medical Center.
Aerospace and Engineering
Palm Beach County’s aerospace and engineering sector is rapidly expanding and has attracted some big names in the industry like Lockheed Martin, Pratt & Whitney, and Sikorsky Aircraft. The BDB has been instrumental in facilitating investment and growth in this industry by providing sector-specific support services, including workforce development, site selection, and business funding. Palm Beach International Airport has established itself as a hub for private and commercial aircraft, offering services to some of the most prestigious brands and executives across the globe.
Tourism
Tourism is a primary driver of the Palm Beach County economy, and the BDB works to promote the region’s unique attractions and assets. The BDB’s Strategic Plan for Tourism calls for investments in world-class cultural attractions, hotels and shopping experiences also promoting real estate properties that have been attracting affluent residents to settle in the Palm Beach County region.
Technology and Entrepreneurship
The BDB’s focus on innovation-led industries has driven the rise of Palm Beach County’s technology and entrepreneurship sector. Palm Beach Tech, a coalition of technology companies, entrepreneurs, and investors, works to promote growth and development of the technology sector. Additionally, the BDB’s Internship program, which aims at steering high-impact talent to its business constituents, have helped create a robust talent pipeline for emerging businesses within the technology and entrepreneurial space.
Conclusion
The Palm Beach County BDB supports a diverse set of industries that span from healthcare and life sciences to tourism, aerospace and engineering and technology innovation. With its focus on infrastructure development, talent acquisition, and industry-specific services, the BDB continues to drive economic growth, inspire innovation, and promote a vibrant business community that sustains its growth and diversification.
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