From the CEO Where “Dynamic” Comes to Life

ONE GLIMPSE AT PALM BEACH COUNTY’S past year of business relocations and expansions reveals the breadth and scope of companies, products and industries that make up Palm Beach County’s business sector. In a word, it’s dynamic.

From aerospace and engineering to business and financial services, as well as distribution, logistics, life sciences, agribusiness and technology, the county's business sectors are diverse, robust and growing. In all, the Business Development Board assisted 33 corporate relocations and expansions, securing more than 2,500 jobs, 1.68 million square feet of commercial or industrial space, and more than $362 million in capital investment.

Palm Beach County has experienced major investments. One such feature includes U.S. Polo Association, where President and CEO J. Michael Prince leads a nearly $2 billion enterprise centered on the polo fields of Wellington. We also take a look at the arrival of Percepto, the drone company assisting FPL and other global companies with autonomous drone inspection and monitoring; and Procaps, the Colombian pharmaceutical manufacturer that will manufacture almost two billion capsules from its plant in Riviera Beach.

Throughout the county, business is growing. In Boca Raton, developer Compson Associates’ trophy development, Aletto Square, is helping spur urban living in the thriving downtown sector—and driving business throughout South County.

In fact, from north to south, from the beaches to our rich agricultural region, Palm Beach County epitomizes the growth that Florida continues to experience. As other regions across the country saw an outflow of people and companies resulting from COVID, we’re still welcoming those new arrivals, with 2021 relocations up, with 51% of companies growing in Palm Beach County were relocations from out of state. As the pandemic has become a more managed health care situation, the influx continues. Even tourism has rebounded to near pre-pandemic levels.

At the BDB, our mission is to introduce businesses to our county and ensure Palm Beach County remains a robust, growing and dynamic destination.

Kelly Smallridge President and CEO

PALM BEACH COUNTY, FLORIDA is Home to 39 Cities and Towns, Including:

City of Atlantis

City of Belle Glade

City of Boca Raton

City of Boynton Beach

Town of Briny Breezes

Town of Cloud Lake

City of Delray Beach

Town of Glen Ridge

Village of Golf

City of Greenacres

Town of Gulf Stream

Town of Haverhill

Town of Highland Beach

Town of Hypoluxo

Town of Juno Beach

Town of Jupiter

Town of Jupiter Inlet Colony

Town of Lake Clarke Shores

Town of Lake Park

City of Lake Worth Beach

Town of Lantana

Town of Loxahatchee Groves

Town of Manalapan

Town of Mangonia Park

Village of North Palm Beach

Town of Ocean Ridge

City of Pahokee

Town of Palm Beach

City of Palm Beach Gardens

Town of Palm Beach Shores

Village of Palm Springs

City of Riviera Beach

Village of Royal Palm Beach

City of South Bay

Town of South Palm Beach

Village of Tequesta

Village of Wellington

City of Westlake

City of West Palm Beach

Business Development Board of Palm Beach County, Inc. 310 Evernia Street West Palm Beach, FL 33401 561.835.1008 | bdb.org

Kelly Smallridge President & CEO 561.835.1008 Ext. 4121 ksmallridge@bdb.org

Gary Hines Senior Vice President – Administration 561.835.1008 Ext. 4111 ghines@bdb.org

Lisa Anderson

Vice President – Private Funding 561.835.1008 Ext. 4110 landerson@bdb.org

Kristen Boyd Liberman Vice President – Marketing & Media Relations 561.835.1008 Ext. 4106 kliberman@bdb.org

Tim Dougher Vice President – Business Recruitment, Retention and Expansion 561.835.1008 Ext. 4131 tdougher@bdb.org

Shawn Rowan Vice President – Business Recruitment, Retention and Expansion 561.835.1008 Ext. 4108 srowan@bdb.org

Whitney West Vice President – Strategic Initiatives and Events 561.835.1008 Ext. 4101 wwest@bdb.org

ON THE COVER J. Michael Prince, President and CEO USPA Global Licensing Inc.

PUBLISHED BY

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Palm Beach County Business Quarterly is published by Passport Publications & Media Corporation, on behalf of the Business Development Board of Palm Beach County, Inc. All rights reserved. No part of this publication may be reproduced without the expressed written consent of the Business Development Board of Palm Beach County, and the publisher. © 2022 Passport Publications & Media Corporation