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Responding to questioning from a citizen, Mayor Sawnick acknowledged that the City of Vero Beach would be interested in becoming involved in the P.A.C.E. Program. 8. PIPER UPDATE — WESLEY S. DAVIS, COMMISSIONER Board of County Commissioner Wesley S. Davis used a PowerPoint Presentation (copy on file), to review some key components of the Piper Incentive Package (approved by the County Commission April 28, 2008), and to illustrate some of the positive effects the Agreement has had on the County's economy. He provided supporting data showing the incentive dollars Piper has spent within the County, including a payroll to date of $18.73 million, and explained that no more incentive money will be allocated until further job criterion is met. Commissioner Davis reported that in addition to growing their local business, Piper is seeking an international market, and anticipates increased sales and a tremendous demand for their product in Asian markets. He briefly discussed the Piper layoffs, and asked everyone to remain cognizant of the reality of today's economic situation, as it applies not only to the County, but also to a major employer such as Piper Aircraft. Commissioner Davis recalled that at the Economic Summit of February 2009, he had discussed doing the R.I.G.H.T. thing for Indian River County, which pertains to Regulation Reform, Impact Fee Credits for Job Creation, Grow Existing Businesses, High Priority for Targeting New Businesses and Industry, and Tax Abatement for New Business and Incentives for Existing Businesses. He thereafter outlined some of the measures subsequently taken to increase economic activity by the County, as follows: Regulation Reform: 1. Six-month Extension - Certain requirements of an Ordinance may preclude a small business from opening, due to a minor issue not associated with any major requirements 9 February 18, 2010 Economic/Goal Summit II