West Palm Beach, Florida, has become an attractive destination for businesses relocating or expanding, due to its favorable business climate, tax incentives, strategic location, and quality of life. Below is a list of notable companies and organizations that have moved to or established significant operations in West Palm Beach, based on available information:
Financial and Investment Firms
- Elliott Management: A $42-billion hedge fund, relocated its headquarters from Manhattan to West Palm Beach.
- Point72 Asset Management: Moved 45 employees from Connecticut to West Palm Beach.
- Virtu Financial: An electronic trading firm, set up an office in Palm Beach Gardens (near West Palm Beach) with plans to house 55 employees.
- Goldman Sachs: Expanded operations in West Palm Beach, with job postings indicating a significant presence.
- Bessemer Trust: A family office serving clients since 1929, moved to One Flagler in West Palm Beach in 2025.
- Baron Funds: New York-based asset management firm, established its first South Florida office at One Flagler.
- Highpost Capital: A private equity firm headquartered in West Palm Beach, relocated from Esperanté Corporate Center to One Flagler.
- Paulson Capital: Founded by John Paulson, opened its first southeast office at One Flagler. - Lancer Capital LLC: An entity of Innovate, set up an office at One Flagler for the Glazer family.
- BlackRock: Noted in posts on X as having opened offices in downtown West Palm Beach, contributing to the real estate market surge.
- Citadel: Mentioned in posts on X as part of the financial firms relocating to West Palm Beach.
- JP Morgan: Has a significant presence in West Palm Beach, with increased demand and hiring reported at its Private Bank.
- Alvarez & Marsal Capital: Acquired a 10,000-square-foot space in a new office tower in West Palm Beach.
Technology and Telecommunications
- HotelPlanner: Relocated from San Diego to West Palm Beach in 2010, citing tax savings and a favorable Eastern time zone for international markets.
- Ship Sticks: A tech company shipping sports and leisure equipment, expanded in West Palm Beach, noting an improved talent pool by 2018.
- Arrow Digital: A software development company, grew from 80 to 160 employees in West Palm Beach within a year and a half, later acquired by Softvision.
- Dycom Industries: A Palm Beach Gardens-based telecommunications giant, planned to move to 300 Banyan in West Palm Beach in 2025.
- 3Cinteractive®: A mobile platform company, expanded its office space in Boca Raton (Palm Beach County) and added jobs with assistance from the Business Development Board.
- Kushae: A women-owned fem tech startup, based in West Palm Beach, focusing on non-toxic feminine health products.
- Vultr: A tech company tracked in the West Palm Beach startup community.
- The Digital Intellect: A digital marketing agency in West Palm Beach, specializing in web design, SEO, and paid advertising.
Healthcare
- Northwell Health: New York’s largest healthcare provider, opened its first location outside the Northeast at Esperanté Corporate Center in West Palm Beach, fully leasing the building.
- NYU Langone Health: Building a new medical office tower in West Palm Beach, supported by a $75 million gift.
- Clarity Diagnostics Inc.: Moved to a larger 7,500-square-foot facility in Boca Raton, adding 25 jobs to its base of 10 employees.
Other Sectors
- NewDay USA: A mortgage lender targeting military veterans, planned to move 600 employees into 360 Rosemary Square as its second U.S. headquarters.
- ClearSky: A venture capital and growth equity fund manager, established its headquarters at CityPlace Tower in West Palm Beach.
- RSB Mass Mutual DBS Financial Group: Relocated to West Palm Beach with assistance from the Business Development Board for office location and city introductions.
- AC Cars America LLC: Announced the opening of its U.S. operations in West Palm Beach in June 2025.
- O’Keefe Media Group: Launched a new office in West Palm Beach with panoramic views, hosting a launch party in 2025.
- Conroy Simberg: A law firm that moved its West Palm Beach office to a new location in June 2025.
- Women Investing in Women: A media company focused on women’s issues and entrepreneurship, headquartered in West Palm Beach.
- 3DKitbash: A company producing 3D-printable models, based in West Palm Beach.
- Anidjar & Levine, P.A.: A law firm in West Palm Beach serving clients in personal injury, criminal defense, and other legal matters.
Key Trends and Insights
- Financial Sector Dominance: West Palm Beach has earned the nickname “Wall Street South” due to the influx of over 250 financial firms since 2020, including major players like BlackRock, Citadel, and Goldman Sachs. This shift is driven by lower taxes, cost of living, and quality of life compared to New York City.
- Economic Impact: Over the past five years, 140 companies have relocated or expanded to Palm Beach County, bringing $1.12 billion in capital investment and creating 13,110 jobs.
- Tech Growth: The tech sector has grown by 24% in West Palm Beach, with companies like HotelPlanner and Ship Sticks benefiting from an improving talent pool and infrastructure like the Brightline train connecting to Miami and Fort Lauderdale.
- Real Estate Boom: The influx of companies has driven demand for office space, with new Class A office towers like One Flagler and 360 Rosemary Square filling up quickly. The real estate market is also seeing increased demand for residential properties due to employee relocations.
- Business-Friendly Environment: The Business Development Board of Palm Beach County has played a significant role in attracting companies by offering economic development services, tax incentives, and connections to local resources.
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