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Profile 2016_Facts & Figures.qxp_Layout 1 6/13/16 10:06 AM Page 20

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FACTS Figures Population Projections

Population

Labor Force (2015 avg.)

April 1, 2015 (Estimate) ..............1,378,417 April 1, 2010 (Census)................1,320,134

Labor Force ..........................685,161 Employment ........................650,304 Unemployment ......................34,856 Rate............................................5.1%

2020 2025 2030 2040 2020 – 1,472,586 2025 – 1,554,902 2030 – 1,623,972 2040 – 1,738,116

Financial

Economic

Banks ....................................................58 Branch Banking Offices ....................480 Deposits (millions) ........................$45,034

County Average Wage (2014) ..............$49,845 Median Family Income ........................$65,816 Per Capita Income................................$32,819 Median Earnings For Male Full-Time, Year-Round Workers ........$43,290 Median Earnings For Female Full-Time, Year-Round Workers ........$37,197

(2014 American Community Survey - US Census Bureau (ACS))

Top Employers GOODS PRODUCING Palm Beach County boasts some of the finest manufacturers in the world. Their presence is a strong indication of the county’s ability to support industry. Although the county has a variety of producers, there are distinct industry clusters. The most prevalent are communications and information technology; aerospace and engineering; agriculture and food processing; business and financial services, and life sciences, including medical and pharmaceutical products. Many of the county’s industrial employers are competing on a worldwide basis with products sold in the international market. Below is a list of some of the largest companies that have chosen Palm Beach County as a business location. Company Florida Crystals (Headquarters) Sikorsky, A Lockheed Martin company U.S. Sugar Pratt & Whitney (A United Technologies Company) Tyco (Headquarters) TBC Corporation (Headquarters) Cheney Brothers, Inc. ADT Security Services (Headquarters) Walgreens Distribution IBM Corp. US Foods Sugar Cane Growers Cooperative BIOMET 3i, Inc., LLC a Zimmer Biomet Company Belcan Engineering Group PSM (Power Systems Mfg., LLC) Lockheed Martin Corporation Aerojet Rocketdyne Sources: Updates provided by the employers, year ending 2015

Approximate Employees 1,900 1,206 900 850 850* 807* 660* 600 600 600* 500* 475 471* 450 450 430 400

*Updated figures unavailable at date of publication

20 PALM BEACH COUNTY BUSINESS PROFILE | BDB.ORG

Product Agriculture Helicopters Agriculture Aerospace Engineering

Location West Palm Beach West Palm Beach Belle Glade West Palm Beach

Security System Manufacturing Tire Distribution Food Distribution Security System Manufacturing Pharmaceutical Distribution Electronics R&D Food Distribution Agriculture Dental Implants Aerospace Engineering Turbine Parts Manufacturing Aerospace Engineering Aerospace Engineering

Boca Raton/West Palm Beach Palm Beach Gardens Riviera Beach Boca Raton/West Palm Beach Jupiter Boca Raton Boca Raton Belle Glade Palm Beach Gardens Palm Beach Gardens Jupiter Riviera Beach West Palm Beach

Profile 2016-2017  

PROFILE, now in its 26th year of publication, is recognized as the business annual of record for Palm Beach County, Florida. This premier, a...

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