West Palm Beach residents will see a new private investment vehicle take shape this month, even as Mayor Keith James continues to serve his city. The Palm Beach County Commission on Ethics issued an opinion granting James clearance to move forward with the West Palm Beach Rise Fund, provided he adheres to a series of safeguards that keep his public office distinct from the business.
Ethics commission sets clear boundaries
In its written opinion, the commission stressed that James may not use his title, official influence, or any confidential city information to benefit the fund. He also cannot solicit money from individuals or companies that do business with the city, and he must stay out of any municipal matters that could financially advantage the venture.
James confirmed he will not personally take part in fundraising activities. “I am not personally doing any fundraising nor attending any fundraising meetings. My partners, on behalf of the entity, will be involved with all fundraising and attending all actual fundraising meetings,” he told WPBF 25 News.
Partners and purpose of the Rise Fund
The mayor will partner with venture capitalist Nabil Meralli and businessman Lon Otremba to manage the fund. While details of the fund’s investment focus have not been disclosed, the partners describe it as a vehicle to attract capital that can support local growth initiatives. Fundraising is slated to begin this month, and James plans to step down from the mayor’s office in April 2027.
Why the clearance matters to the community
West Palm Beach voters have long emphasized transparency and integrity in local government. By obtaining an ethics opinion before launching the fund, Mayor James demonstrates a commitment to those values while still pursuing entrepreneurial activity that could benefit the city’s economy. The commission’s restrictions aim to protect taxpayers from any appearance of impropriety and to ensure that public resources remain dedicated solely to municipal responsibilities.
Local business leaders have expressed cautious optimism. “If the fund can bring new capital into West Palm Beach without compromising city decisions, that’s a win for our community,” said a spokesperson for the West Palm Beach Chamber of Commerce, who asked to remain unnamed.
Next steps
The ethics opinion does not constitute a blanket endorsement of the fund’s business model; it simply confirms that James can proceed under the stipulated conditions. The mayor’s office will continue to monitor compliance, and any violations could trigger a review by the commission.
Residents who have questions about the fund or the ethics ruling are encouraged to contact the Palm Beach County Commission on Ethics directly.
Original reporting: WPBF (Treasure Coast / Hearst) — read the source article.
