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Comprehensive Plan Economic Development Element Zone or up to $5,000 per new job if the business is located within the County, but outside the Enterprise Zone. To be eligible, the business must create at least ten new jobs in any of the state's target industries. Locally, the county provides a 20% match of the total taxes refunded. This program is designed to create high value-added jobs and encourage the growth of corporate headquarters and other targeted high value industries. • Local Jobs Grant Program This program can apply to a company that creates at least five jobs in the county's target industries. The amount of the grant is based on the number of jobs created and the average salary of those jobs. Each grant application is reviewed by the Board of County Commissioners. The County provides $3,000 for each new position created that pays from 75% to 99.99% of the County's average annual wage; $5,000 for each new position created that pays from 100% to 149.99% of the County's average annual wage; and $7,000 for each new position created that pays 150% or more of the County's average annual wage. In addition, a 10% bonus is provided to businesses that locate within the City of Vero Beach/Indian River County Enterprise Zone. • Impact Fee Financing Program An impact fee financing program is another incentive offered by Indian River County to encourage development. This program allows financing of impact fees for businesses listed on the county's target industries list. • Waiving County Utility Deposits Another incentive offered by Indian River County relates to county utility deposits. With this incentive, the county will guarantee county utility (county water and/or sewer) deposits of up to $10,000 for businesses meeting certain requirements. Instead of the business paying the deposit amounts up front, the county will pledge funds that can be drawn upon if necessary. • Special Incentives Granted by the Board Of County Commissioners The Board of County Commissioners has flexibility to grant special incentives on a case by case basis, based on job creation, wage levels and increased property taxes. Incentives could include the purchase or lease of land, infrastructure improvements, payment or financing of county impact fees, or cash incentives. In addition to incentives offered by the Board of County Commissioners, there are incentive programs offered by Workforce Solutions that can be accessed by employers relocating to the county or existing employers within the county that are expanding. Those incentive programs are as follows: Community Development Department Indian River County 27