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Economic Development in Wellington is the next logical step in our evolution from a well-planned residential community to a sustainable community with a strong economic base. Our Vision has remained the same over the many years and even with all the growth we have had, we have stayed true to that Vision.
Wellington can continue to attract and retain residents and businesses through refining that Vision:
A Lifetime Community
A place where you can raise a family, where your children return to raise their families and where you can comfortably and actively age in place. We are Wellington—recognized as one of the Best Places to Live because of what we offer:
Exceptional Education • Family Sustaining Jobs • Housing • Safety • A Home for a Lifetime
Wellington Housing
- approximately 20,000 households
- average income of around $90k
- average homeowner is 45 years old
- average home value is $323k
- single family homes, over 80% are owner occupied
- 2,000 multi-family properties, just over a third are owner occupied
Wellington Businesses
- 2,600 businesses in Wellington
- top ten employ about 3,000 people
- business is retail and professional centered at the Mall or on Forest Hill Blvd
Wellington Top Employers
- Palm Beach County School Board
- Wellington Hospital
- Publix
- Wellington
As the national economic climate changes Wellington must adapt its economic model to aggressively pursue sustainability of its older neighborhoods while implementing an attractive model for businesses—both existing and new.
Our goal is to take advantage of the many strengths we already have as a community as well as to focus on policy initiatives; as opposed to financial incentives. We are choosing to focus on “low hanging fruit” or things we can easily succeed in relatively quickly and without great expense to get started.
The role of municipal government is to facilitate business development through the provision of adequate infrastructure and a friendly government environment. Business needs to be able to grow and prosper. The community needs to address the issues of neighborhood revitalization, infrastructure and facilitation.
In summary, these new approaches give the community the tools to make a successful transition to a new economic model of sustainable growth. By learning the market we can anticipate change and diversify our traditional approach to facilitating business development in our community. But this is not a task for government alone to perform, it requires Partnerships with the private sector.
