The mission of the Business Development Board (BDB)

What The mission of the Business Development Board (BDB) does

The Business Development Board of Palm Beach County (BDB) is a public/private nonprofit economic development organization headquartered at 310 Evernia St., West Palm Beach, Florida. It operates as the official county partner of FloridaCommerce and SelectFlorida, with a functional mandate to attract, retain, and expand businesses in Palm Beach County. The organization is funded through a combination of county government allocations, annual membership dues, and Chairman's Council / investor partner contributions from major regional employers.

BDB's product surface is service-oriented rather than software-oriented. Core offerings include complimentary concierge services for corporate relocations and expansions (permitting, incentives, financing, lending/VC introductions, property search via pbcprospector.com), entrepreneur support, a Getro-powered job board (jobs.bdb.org), curated economic data and research, and a membership program with directory, events, and networking. The organization pursues ten targeted industry verticals: Financial Services, Quantum Technologies, Life Sciences/Healthcare, Manufacturing, Aviation/Aerospace/Engineering, Agribusiness, Technology/Cleantech, Marine Industries, Corporate Headquarters, and Distribution/Logistics.

Commercial mechanics are structured as a no-cost delivery to the businesses being recruited, with revenue equivalent derived from membership investment, government appropriation, and corporate sponsorships. The GTM motion is sales-led, direct, and relationship-driven — driven by executive outreach, member events, publications (annual Profile magazine, EDI Report, Quantum Booklet), earned media, and a privileged inbound channel through SelectFlorida for international leads. The organization effectively functions as a county-level salesforce for capital allocation and job creation, monetizing outcomes through sustained member and government funding rather than transactional fees.

Name

The mission of the Business Development Board (BDB)

Legal name

Business Development Board of Palm Beach County, Inc.

Website

https://bdb.org

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

The Business Development Board of Palm Beach County is a public/private nonprofit economic development organization that provides free concierge relocation and expansion services to companies, funded through membership dues and government partnerships as Palm Beach County's official partner of FloridaCommerce and SelectFlorida.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Business Support Services (5614)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Results-Based Financing (RBF) & Performance-Based Grants (BPADAOAF)

Keywords

• Economic development services
• Business relocation assistance
• Corporate expansion consulting
• Site selection services
• Workforce development support

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Dues: The BDB operates a membership-based organization for local corporate leaders who invest in the organization's vision. Members pay dues to access resources, networking, and the collaborative network of industry leaders.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

The Business Development Board of Palm Beach County (BDB) provides confidential, no-cost concierge services to companies seeking to relocate, expand, or start operations in Palm Beach County. Core deliverables include expedited permitting assistance, property searches, research and data resources, introductions to public and private educational offerings, incentives and financing guidance, lending and venture capital connections, and entrepreneur support services. The BDB also operates a corporate membership program for local leaders and a Getro-powered job board connecting employers with regional talent.

Product overview

The Business Development Board of Palm Beach County (BDB) is a public/private economic development organization that offers a portfolio of business support services rather than a traditional software product. The core offerings include a Getro-powered job board (jobs.bdb.org) that connects employers with talent, corporate relocation and expansion concierge services, incentives and financing assistance, expedited permitting, entrepreneur support, membership program with networking and directory services, and data/research resources covering Palm Beach County economic indicators. The organization positions Palm Beach County as a premier destination for innovation and investment, particularly in targeted industries including Financial Services, Quantum Technologies, Healthcare, Manufacturing, Aviation/Aerospace, Agribusiness, and Technology/Cleantech.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Relocations and Expansions Concierge service helping companies relocate to or expand within Palm Beach County, including confidential consultations and no-cost assistance across the relocation/expansion lifecycle.
• Incentives Assistance
• Financing Guidance
• Lending & Venture Capital Introductions
• Expedited Permitting
• Entrepreneurs Services
• Membership Program
• Local Job Board (jobs.bdb.org)
• Data & Research Resources
• Commercial Industry Properties (pbcprospector.com)

Quantifiable outcome

• Palm Beach County is ranked #4 globally for fastest-growing wealth hubs and #1 in the nation for wealth migration with $3B in net AGI
• +2 more outcomes

Named customers18 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Five partnerships are on record, tiered core.

• FloridaCommercecoreStrategic or Co-development PartnerFloridaCommerce is the state's principal economic development agency. BDB serves as the Palm Beach County partner of FloridaCommerce, facilitating business development activities at the regional level.
• SelectFloridacoreStrategic or Co-development PartnerSelectFlorida is the state's business development organization focused on international investment. BDB partners with SelectFlorida to attract global markets and quantum sector investment to Palm Beach County.
• Palm Beach County GovernmentcoreStrategic or Co-development PartnerOfficial public/private economic development organization of Palm Beach County. Works collaboratively with county government on economic development initiatives, incentives, and business support.
• Palm Beach State CollegecoreStrategic or Co-development PartnerR1-designated university partner providing workforce development and educational connections for businesses relocating or expanding in Palm Beach County.
• Wall Street SouthcoreStrategic or Co-development PartnerPalm Beach County's official designation as Wall Street South, positioning the region as a global hub for financial services and business growth. BDB is home to the official Wall Street South initiative.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Tampa Bay Economic Development Council: Regional public/private economic development organization serving the Tampa Bay area of Florida. Directly comparable in mandate, structure, and competitive positioning to BDB, competing for the same intra-Florida corporate relocations.
• Greater Miami Chamber of Commerce: Miami-Dade's principal business and economic development organization. Competes head-to-head with BDB for corporate relocations to South Florida and offers a comparable suite of concierge and member services.
• Orlando Economic Partnership: Public/private economic development organization for the Orlando region. Same organizational archetype as BDB, competing for corporate relocations, expansions, and headquarters decisions within Florida.
• JAXUSA Partnership: Jacksonville's regional economic development initiative. Operates with a similar public/private partnership model, member-funded structure, and corporate recruitment focus as BDB.

Broad incumbents

• Greater Houston Partnership: Large, well-established regional chamber and economic development organization for the Houston metro. Comparable in mandate (business attraction, retention, expansion) but operates at a significantly larger scale than BDB.
• Charlotte Regional Business Alliance: Regional business and economic development alliance serving the Charlotte metro. Comparable in promoting a region for corporate headquarters and relocations, but operates in a different U.S. geography.
• Greater Phoenix Economic Council: Public/private economic development organization for the Phoenix metro. Comparable in promoting its region for relocations, expansions, and HQ moves; competes with Sun Belt peers including BDB for similar corporate prospects.
• Metro Atlanta Chamber: Major metro chamber that runs aggressive corporate recruitment for the Atlanta region. Comparable in offering concierge relocation services and member-funded programming, but at a much larger scale than BDB.
• NYC Economic Development Corporation: Nonprofit economic development organization for New York City. Operates a far broader portfolio including real estate, infrastructure, and industry programming, but shares the public/private nonprofit EDO archetype with BDB.

Regional players

• San Diego Regional Economic Development Corporation: Regional EDO serving San Diego County. Comparable organizational model (public/private, member-funded, corporate recruitment), but operates in a different West Coast geography and does not directly compete with BDB for prospects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/BDBPalmBeach

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The mission of the Business Development Board (BDB)