Economic Development Palatka FL - To grow the economy in Palatka, city officials have taken some key steps in the past years. A downtown revitalization strategy was developed and put into action...plans are also in place to extend the rail trail through the Palatka Downtown Urban Trail, and from West Palatka through Lake Butler to Lake City...as are plans to develop a marina. City leaders have even increased available funding for business expansion and new startups – all in hopes of bringing more tourism dollars to the community, which up until now has mostly been a manufacturing-oriented economy. Companies will benefit from devoted local officials, attractive utility rates, tax incentives, strong vocational education and plentiful resources. The city’s strategic northeast Florida location gives you immediate access to U.S. Highway 17, State Roads 19, 20 and 100 and a nearness to Interstate 95. The community is served by Amtrak, ARC Transit, Palatka's Kay Larkin Airport,...