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West Palm Beach approves incentive package for Project Flagship; city, state incentives support large tech relocation
Summary
The CRA approved up to $2 million in relocation and development assistance over six years to attract Project Flagship, a cloud computing firm proposing 856 net new West Palm Beach jobs and more than $50 million in capital investment; state incentives also underlie the deal.
The Community Redevelopment Agency on Sept. 2 approved Resolution No. 25-42, authorizing a relocation and development assistance grant for Project Flagship of up to $2 million payable over six years, contingent on job creation and clawback provisions. City staff and the Business Development Board presented the proposal during a confidential recruitment process where the company — described as a cloud computing firm proposing artificial-intelligence workflow automation — considered multiple locations before selecting site options in…
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