The City of Lake Worth Beach has adopted a variety of innovative incentives to encourage private investment & facilitate a robust economy.
Urban planned developments, residential planned developments and mixed use planned developments are eligible for the following incentives above the base allowances of the City’s Land Development Regulations:
Urban planned developments, residential planned developments and mixed use planned developments that have maximized the bonus incentive under the Sustainable Bonus Incentive Program may qualify for the transfer of development rights purchased from city owned parcels.
Incentive Program The City offers financial incentives based on the anticipated new revenue streams to the City’s electric, water, sewer and stormwater utility funds.
Electricity Incentive Rate
Incentive Rate Program The City of Lake Worth Beach is pleased to offer a special program in order to attract jobs to Lake Worth Beach. The Economic Development Electricity Incentive Rate Program ties a discounted rate for commercial electric to job creation within municipal boundaries.
Excellence in Economic Development
"Economic development efforts have long been a keystone in the quest to bolster the economy and improve quality of life in every locality across the country," said Bill Sproull, IEDC chair. "As the nation continues to tackle challenges in the midst of global uncertainty, these efforts have taken on an even greater significance. With this award, we laud trend setting organizations like City of Lake Worth for leading the charge."