West Palm Beach, Florida, is a booming, vibrant, and thriving metropolis with a significant number of reputable and productive industries. The companies rely heavily on the diligent, hardworking, and dedicated population that is committed to producing results.
Ranked amongst the top 50 best places for business and careers by Forbes in 2018, West Palm Beach’s vibrant industries are the main reason why the region ranked so highly.
The top sectors are ranked either by their annual turnover, their number of employees, and the financial muscles wielded by the said companies. Here are the top five industries in West Palm Beach, Florida.
The real estate industry is one of the most common industries in West Palm Beach, Florida, mainly due to the area’s sunny, outdoor environment. People are drawn to beautiful places with great weather.
Ocwen Financial is a diversified financial services company located in West Palm Beach, and it is amongst the largest mortgage companies in America. The company primarily engages in mortgage origination and loan servicing.
A leader in the mortgage industry this company scoops several top accolades every year. Ocwen Financial has a revenue base of over $1B, with the number of employees ranging from 1000 – 10,000.
The public administration industry is booming in this area, offering jobs in government to many of the community’s residents.
Palm Beach County
This government agency has been in existence since 1909, making the county one of the oldest employers in the region. Employing between 1000 – 10,000 employees, it is amongst the most significant organizations in the area. Palm Beach County boasts of a substantial financial war chest, generating between $100 million and $1B in revenue.
The construction and engineering industry is also another major player in the city’s economy. You can thank those who work in these fields for everything from smooth roads to the working parts of your vehicle.
Bob Schafer is in the construction and engineering industry, specifically dealing in the building and resurfacing of roads and parking lots. They also operate asphalt plants and have a large fleet of excavation, grading, and asphalt equipment. The company employs between 500 and 1000 people and generates between $100 million and $1 billion in revenue.
The manufacturing industry employs many of West Palm Beach’s residents with jobs working with food and beverage to those working in metal fabrication.
One of the most successful companies in manufacturing is the SV Microwave, a renowned private company. They employ between 50 and 100 employees and generate between $10 million and $100 million in revenue.
As West Palm Beach is a tourist attraction and built mainly on the service industry, you can expect to find many popular eateries and food-related corporations.
The award-winning food distributors, Cheney Brothers, employs between 1,000 – 10,000 employees and generates revenues of over $1 billion in revenue, ranking amongst the top earning companies in West Palm Beach.
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