<i>Bacillus velezensis</i> is an aerobic, gram-positive, endospore-forming bacterium that promotes plant growth. Numerous strains of this species have been reported to suppress the growth of microbial pathogens, including bacteria, fungi, and nematodes. Based on recent phylogenetic analysis, several <i>Bacillus</i> species have been reclassified as <i>B. velezensis</i>. However, this information has yet to be integrated into a well-organized resource. Genomic analysis has revealed that <i>B. velezensis</i> possesses strain-specific clusters of genes related to the biosynthesis of secondary metabolites, which play significant roles in both pathogen suppression and plant growth promotion. More specifically, <i>B. velezensis</i> exhibits a high genetic capacity for synthesizing cyclic lipopeptides (i.e., surfactin, bacillomycin-D, fengycin, and bacillibactin) and polyketides (i.e., macrolactin, bacillaene, and difficidin). Secondary metabolites produced by <i>B. velezensis</i> can also trigger induced systemic resistance in plants, a process by which plants defend themselves against recurrent attacks by virulent microorganisms. This is the first study to integrate previously published information about the <i>Bacillus</i> species, newly reclassified as <i>B. velezensis</i>, and their beneficial metabolites (i.e., siderophore, bacteriocins, and volatile organic compounds).