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September 17, 2025
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June 5, 2025

Palm Beach County Business Snapshot

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West Palm Beach skyline as seen from Royal Park Bridge and Flagler Drive

What to Know This Month

Each month, The Chamber reviews the latest local economic data to help business leaders across Palm Beach County stay informed and make confident decisions. Here are two key insights:

1. Open Jobs Remain High. A Strong Market for Smart Employers

Successful handsome male cafe owner standing with arms crossed looking away thinking about future

Palm Beach County currently has 32.713 open jobs, with 26,573 unemployed residents and an unemployment rate holding steady at 3.4%. The job market remains active and competitive.

What to Know:

  • Demand for talent is strong, and businesses that lead with clear roles, competitive pay, and strong culture are continuing to grow.
  • If hiring is a challenge, now is the time to explore partnerships with local workforce programs and training providers. The Chamber can help make those connections.

2. Consumer Spending is Healthy and Holding

Annual sales tax revenue has risen to $319.82 million, signaling consistent local spending and economic activity. That’s good news for businesses in retail, hospitality, and service industries.

What to Know:

  • Strong local demand creates room to improve marketing, upgrade customer experience, and test new offerings.

Final Thought

Palm Beach County continues to show signs of resilience and opportunity. The Chamber of Commerce of the Palm Beaches is here to help you navigate the trends, connect with the right resources, and position your business for what’s next.

Reminder: Minimum Wage Will Increase September 30

Hands holding multiple bills such as 20s and 10s, counting

Florida’s minimum wage is scheduled to increase from $13.00 to $14.00 per hour on September 30, 2025, as part of a constitutional amendment passed in 2020. The tipped minimum wage will also rise from $9.98 to $10.98.

This marks the second-to-last increase in the state’s phased plan to reach $15.00 per hour by 2026, making Florida the only state in the country with a minimum wage mandate embedded in its constitution.

What Employers Should Know:

• All Florida businesses will be required to comply with the new rates and update workplace postings accordingly.
• These changes may affect pricing, staffing, benefits, and operational strategy—especially in service-heavy and labor-dependent industries.
• Tipped wage employers should also ensure compliance with recordkeeping and tip credit requirements.

The Chamber will continue to keep members informed of changes that affect the cost of doing business in Palm Beach County and across Florida.

 

Required Posting & Official Information
Read the June 2025 Business Watch
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Ribbon Cuttings

Preparation

Ribbon Cutting time availabilities Monday- Thursday 9:00a.m, 12:00a.m. or 5:30p.m. at host location or area location. (Palm Beach County, FL) 1st Friday of the month 1:00p.m. after the Ambassador meeting.

Pictures are always better with a banner, or sign and designated area to set up for photography. Identify the best place for the picture in advance to ensure a smooth event.

The Chamber of Commerce Membership Services Associate will arrive 20 minutes before the start of the event with a camera, ribbon, and scissors. They will assist in choosing the best position for the photo, if necessary. The person selected to cut the ribbon will be directed and assisted as to where to stand during the picture and how to handle the scissors.

Ambassadors of the Chamber of Commerce will hold the ribbon as the ribbon is cut. Ambassadors meet and greet your guests. Photographer will prompt you when to cut the ribbon, after several photos taken of the group are posed and ready.

We look forward to a great event!

Possible Participants:

  • The Chamber Ambassadors can be invited to participate. Additional committees can be included as appropriate.
  • Company staff including owner, CEO, CFO, COO, management, staff and invited guests.

Food/Refreshments- Optional. Your event will be better attended with refreshment provided. The food preference and the theme for your Ribbon Cutting Ceremony is entirely up to you.

Photos will be placed on the Chamber website, launched on the Chamber’s social media platforms and forwarded to the Ribbon Cutting host.

For the Membership Services Associate:

  • Please state if there are any special driving instructions, parking instructions, and if there are any special requests.
  • Please submit the Ribbon Cutting Request Form one month in advance.
Ribbon Cutting Request Form