Palm Beach County, Florida, is adding technology investment to its established financial-services sector, as businesses and residents look to the region as an alternative to higher-tax states, according to Fox News reporting and an interview with real estate expert Margit Brandt.
Brandt told Fox News Digital that the area has shifted from a retirement destination toward a place where companies and executives build businesses. She cited Florida’s tax climate, lifestyle and available room for development as factors attracting newcomers.
One example is ServiceNow, the California-based software company that announced in September 2025 plans for a regional innovation hub and artificial intelligence institute in West Palm Beach. The company projected the project would produce $1.8 billion in economic impact and more than 850 jobs over five years. It also committed to occupying as much as 200,000 square feet at 10 CityPlace, according to the report.
The county’s population was estimated at 1.58 million in July 2025, up 5.6% from April 2020, U.S. Census Bureau figures cited in the report show. The report also referenced IRS migration data for 2022–2023, which showed taxpayer losses in numerous California and Northeastern counties and gains across much of the Southeast.
Brandt pointed to development in West Palm Beach and Palm Beach Gardens, as well as potential growth in Wellington and western Palm Beach County. She said new infrastructure, including schools and hospitals, could support additional businesses and families.
The report describes the region’s growth as an ongoing transition, not an established equivalent to Silicon Valley. The claims about Palm Beach’s future as a major technology hub are Brandt’s assessment; the supplied material does not provide independent measures comparing the region’s technology sector with Silicon Valley.
