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Palm Beach Post West Palm offers $1.8 million to lure 'transformational' company prospect downtown

Published Jan 12, 2021, 8:25 PM

In West Palm Beach, city commissioners Monday approved up to $1.8 million in job creation incentives to a major unnamed company from the Mid-Atlantic considering bringing 600 jobs to downtown. Acting as the Community Redevelopment Agency board, the commissioners are offering $3,000 per job, to be paid after the company creates them. The payments would be made over four years. The financial services company, identified only as Project Washington, is considering offices at 360 Rosemary Ave. among locations elsewhere in the region. Its jobs would pay at least $70,000, CRA officials said.