City of West Palm Beach Initiatives
Business. Life. Balance
As ONE OF THE THREE LARGEST CITIES making up the South Florida region, and the central City of Palm Beach County, West Palm Beach is a vibrant, GROWING WATERFRONT CITY that offers the business advantages available in the region, combined with a more refined and relaxed environment for living and working.
The City of West Palm Beach has a ROBUST APPROACH TO ECONOMIC DEVELOPMENT. Targeting financial industry firms, marine services companies, and cutting edge medical practices the City has programs to help attract businesses.
Building Improvement Grants
Tenants may qualify for City grants that provide for up to 10% of the tenant improvement cost. The City is down to its last available commercial and industrial spaces. These tend to need improvements to make them business ready.
of the most improvement
Cost is available from the city.
improvements over the next 10 years
Florida law authorizes municipalities within the State to provide BOTH REAL AND PERSONAL PROPERTY TAX EXEMPTIONS, on a negotiated basis.
ONLY THE CITY’S PORTION OF THE TOTAL TAX BILL IS ELIGIBLE FOR EXEMPTION (8.4946 mills out of a total 22.4241, or 37.8%, otherwise known as the “exempted portion”)
ESTIMATED REAL PROPERTY TAX PSF IS $8.50 PER YEAR (per developer input), of which an exemption of up to 37.8% for up to 10-YEARS could be granted.
In the City of West Palm Beach, PROPERTY TAX EXEMPTIONS CONSIDERED FOR PROJECTS are considered on a case-by-case basis.