Purpose/ Mission

The Economic Development Task Force plans, organizes, and implements an economic development program to promote the growth and development of the Village’s economic base. The Task Force, guided by the Village Manager assists in the retention and expansion of existing local businesses and builds relationships between the business community and the local government.

Membership Application

We are looking for task force members who realize the economic and social potential of Palmetto Bay and to provide input and recommendations to the Village Manager. Please see the brochure below detailing Palmetto Bay's current business climate and to apply click here.

More About Palmetto Bay

Accolades

• Certified Florida Green Local Government by Florida Green Building Coalition
• Tree City USA
• An Award-Winning Planning & Zoning Code
• Play City USA
• Purple Heart City

​Location
Palmetto Bay is bordered by South Dixie Highway and Biscayne Bay between SW 136th avenue and SW 184th avenue. And we are directly located on a major transit line.

Resident Characteristics

• 24,000 residents 
• Median age of 40.8
  Age 0-19  30.9%
  Age 20-34  12.5%
  Age 35-54  32.2%
• Median Household Income $107,259

Workforce
The Village of Palmetto Bay has a skilled, multilingual workforce. 
91.9% have a High School degree
48.8% have a Bachelor's degree or higher

Quality of Life

• Five highly active parks with over 84.5 acres of green space
• 3 'A' rated Florida Public Schools
• 3 Prestigious Private Schools
• A wide variety of housing options that range from single family homes, to  mixed used apartments
• Community events that attract thousands, such as our 4th July Celebration and an Annual Picnic

Taxes

• Florida does not have personal income tax
• 7% sales tax
• 5.5% state corporate income tax
• 2.325 maximum millage rate (4th lowest in the county)

Businesses

• Over 1,200 active businesses
• 6 approved mixed-use projects within our Downtown Business Corridor
• Over 312,000 sf of approved Commercial Retail 
• Over 1,000 approved residential units

The Village of Palmetto Bay is seeing a major transformation in the development of our business district, as well as a large number of Village-wide improvements. With these changes come major business opportunities for everyone.

We invite you to come and grow your business in Palmetto Bay!