Salzburg Development S.A. focuses on historic building restoration in the Casco Antiguo or Casco Viejo area of Panama City, Panama and land development in the Pedasi and Playa Venado areas of the Azuero Peninsula. The company is dedicated to delivering unique and high quality projects while incorporating "green" practices such as utilizing recovered tropical hardwoods recovered from the bottom of Lake Gatun for flooring, installing solar powered lighting, and the reforestation of the dry tropical forests once common in Pedasi and the Azuero Peninsula.

The company was founded by Uschi Zimmermann of Salzburg, Austria and Joel Jelderks of Seattle, Washington. Deeply influenced by Salzburg, Austria's beautifully restored old city and the colonial cities of the Americas, the two saw an opportunity to assist in the renovation and restoration of the Casco Antiguo, ultimately choosing this neighborhood as their home. Both are also drawn to the dramatic natural beauty, surfing, fishing, and eco-tourism potential found in the Azuero Peninsula.