Business Development Board of Palm Beach County Inc, commonly known as BDB, is a non-profit corporation with a mission to attract and retain businesses in Palm Beach County, Florida, and to help them grow and succeed. Since its inception in 1982, BDB has played a significant role in the economic development of the region and has become a crucial partner for businesses looking to set up or expand their operations in Palm Beach County.
The impact of BDB on the local community has been immense. When businesses prosper, they create job opportunities, increase tax revenue, and contribute to the overall growth of the community. BDB has been instrumental in facilitating the growth of several businesses in Palm Beach County, ranging from small start-ups to large corporations. The Board has played an essential role in creating a business-friendly environment in the region, which has been a major factor in attracting businesses to the county.
One of the most significant achievements of BDB has been the creation of over 26,000 jobs in Palm Beach County since 2010. This has been possible due to BDB’s focus on targeted industry sectors, which include aviation/aerospace, life sciences, clean tech, and manufacturing. These sectors have been identified as having a significant potential for growth in the region, and BDB has been successful in attracting and retaining businesses in these sectors. For example, medical device company Precision BioSciences recently announced its plans to expand its operations in Palm Beach County, with BDB’s assistance.
Apart from job creation, BDB has been a valuable partner for businesses looking to relocate or expand their operations in Palm Beach County. BDB provides a host of services to businesses, including site selection assistance, access to incentives and grants, and workforce development programs. These services have helped businesses save significant time and money, making it easier for them to focus on their core operations.
BDB has also been proactive in addressing the challenges faced by the local community. For example, during the COVID-19 pandemic, BDB provided assistance to businesses in accessing the Paycheck Protection Program (PPP) and other relief measures. The Board also launched the Business Recovery Task Force to address the economic impact of the pandemic on the local business community.
Overall, the impact of BDB on the local community has been significant. The Board’s efforts have led to the creation of jobs, the growth of businesses, and the overall development of Palm Beach County. Businesses looking to set up or expand their operations in the region should consider BDB as a valuable partner. With its expertise and resources, BDB can help businesses navigate the complexities of the local business environment and achieve their growth objectives.
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