A post office was established here in 1902 and called Doric: it was renamed the next month to Balm. The community was so named on account of their "balmy" air. Prior to 1902, the Seaboard Air Line Railway established Balm as a flag stop. The railroad built a one-room station and water tank. This made Balm a focal point, and a small community including a blacksmith, sawmills, a teacher and a general store sprang up by 1911. In 1937, electricity arrived, soon followed by a community telephone, setup in a barn for all to use. By 1945 the area had a population of over a thousand.
Originally a rail stop and logging town, the economy is mostly agricultural, largely citrus. The University of Florida's Tomato Breeding Program is located in Balm. IN 2005, the Bradenton REC, was merged with the Dover REC to become the Gulf Coast Research and Experiment Center, which was relocated to Balm. Other activities at the GCREC include hops research. Tropical fish farming has also been a significant industry in the area.
- Florida Population & Housing Unit data - 2010. United States Census Bureau. Retrieved 2013-08-19.
- "Post Offices". Jim Forte Postal History. Retrieved 5 January 2017.
- Moyer, Armond; Moyer, Winifred (1958). The origins of unusual place-names. Keystone Pub. Associates. p. 10.
- "HILLSBOROUGH COUNTY HISTORIC RESOURCES SURVEY REPORT" (PDF). October 1, 1998. Retrieved 5 January 2017.
- "Univ. of Florida/IFAS Tomato Breeding Program". Retrieved 5 January 2017.
- "IFAS News". University of Florida. Retrieved 5 January 2017.
- "UF/IFAS to hop into hops varieties for microbreweries". University of Florida. 23 February 2016. Retrieved 5 January 2017.
- Wang, Stephanie (9 June 2011). "Widow selling tropical fish farms, more at auction". Tampa Bay Times. Retrieved 5 January 2017.
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