Palm Beach County is attracting Businesses

Well, we've read some negatives about folks moving out of Palm Beach County but here is some good news from CEO's who have moved their businesses here:

“Florida is a state of choice,” said Thalius Hecksher, global development chief for Apex Fund Services, who moved many of his operations to Palm Beach. “It’s organically grown. There’s no need to drag people down here. It’s a zero-income-tax jurisdiction."

"You weigh all of the benefits for being here to those in New York, and they outweigh them every time,” said Evan Rapoport, CEO of HedgeCompany.net, which is expanding its presence in Palm Beach County….In our industry, the people we’re talking about are $1 million-a-year earners. So when you’re talking about tax rates, it’s more meaningful.”

Read more... as to why investment firms are moving to Palm Beach County.

The Business Development Board of Palm Beach County gives you the reasons to move your business here:

Florida has…

• NO corporate income tax on limited partnerships.

• NO corporate income tax on sub chapter S-corporations.

• NO state personal income tax guaranteed by constitutional provision.

• NO corporate franchise tax on capital stock

• NO state-level property tax assessed. NO property tax on business inventories.

• NO property tax on goods-in-transit for up to 180 days.

• NO sales and use tax on goods manufactured or produced in Florida for export outside the state.

• NO sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging.