South Florida widens I-95 in preparation of the continued influx of new residents into our area. This is good news for businesses and our economy. Private research from Moody’s Analytics predicts 200,000 new arrivals will call Palm Beach County home in the next 5 years. Reports show South Florida’s economic and business growth is booming. According to Forbes, Florida holds its rank in the top ten states for successful business. More specifically, the crowned jewel of Florida, Palm Beach County, has broken records with impressive commercial activity, high wages and low unemployment.
According to the Palm Beach Post, Palm Beach County is one of Florida’s fastest growing metro areas with a population growth of nearly 3 percent, falling behind only Orlando and Fort Myers. Centered close to neighboring island countries and having ideal weather year-round, invites the influx of immigrants and snowbirds from the North-East. Apart from great weather, Palm Beach County provides a friendly tax-climate and low operation costs. South Florida offers an enticing location with opportunity for entrepreneurs looking to succeed in their commercial growth.
Year by year, Palm Beach County seeks to accommodate the rapid influx of people through the means of infrastructural growth. Just this past year the high speed train service, Brightline, was implemented only in Miami, Fort Lauderdale and West Palm Beach. Investments Limited, the region’s largest family-owned and privately-held real estate developer, has invested millions in acquisitions and renovations of outdated retail centers and commercial properties.
Palm Beach County offers convenient proximity to airports, diversity, industrial growth and a unique lifestyle. As one of the top counties in Forbes’s fastest growing counties list, Palm Beach County will only continue to expand, offering the perfect environment for up and coming businesses to succeed.