Economy & Jobs

New Job Creation Commitments

On Target On Target

452

via City Investments
Result for FY-2017

On Target On Target

Economy & Jobs

New Job Creation Commitments

On Target On Target

452

via City Investments
Result for FY-2017

Measure Description

This metric shows the number of jobs that businesses have contractually agreed to create in West Palm Beach through Economic Development investments by the City by fiscal year. These investments include building improvement grants and Qualified Target Industry grants administered by the State of Florida and matched by City dollars. Business recipients are contractually required by grant agreements to generate the new jobs in order to receive City assistance. This measure will be tracked and reported annually going forward.

Measure Importance

Job creation in the City of West Palm Beach means more opportunities for our residents. City leadership monitors job creation data as an indicator of business growth and as a factor that may positively influence property values.

Measure Chart

Explanation of Performance

The City has a target to create 300 jobs annually through economic development activities. This target was exceeded because of the amount of projects that have applied for grants and the ability to spend grant dollars across a broad range of industries.  

For Fiscal Year 2017, a total of $542,073 was committed to nine business recipients that have agreed to create 452 jobs over the next five years.200 of the jobs will be created in the aerospace engineering industry. The remaining job commitments are from a broad range of industries including corporate headquarters, technology firms, manufacturing, life sciences, and education/arts. Since 2014, the Mayor and City Commission have prioritized business development and have been aggressively pursuing economic development activities aligned with the Economic Development Strategy plan. In recent years, job creation numbers have been healthy, due in part to a strong national economy and relocation of several businesses from the northeast. These businesses cite the positive business environment of West Palm Beach and Florida, and the high quality of life offered here as reasons for their move.

Status Indicator Definitions
On Target: Meets or exceeds expected performance
Watch: Falls close to expected performance
Below Target: Does not meet expectation; being monitored for improvement
Other Data: Data gathering only, no target

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