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Comprehensive Plan Economic Development Element <br />With the Enterprise Zone, Indian River County and the City of Vero Beach have the ability to offer <br />state sponsored incentives to local companies. Those incentives are another tool that the County and <br />City of Vero Beach have at their disposal to help retain and expand existing businesses and help to <br />attract new businesses. Between October 1, 2005 (start of reporting period for the beginning of the <br />City of Vero Beach/Indian River County Enterprise Zone) and September 30, 2007, 10 Building <br />Material Sales Tax Refund applications and 25 Business Equipment Sales Tax Refund applications <br />were submitted to the state. The amount of money invested in Building Materials and Business <br />Equipment and the total amount of refunds requested were as follows: <br />$29,936.00 in Building Material Sales Tax Refunds were requested for businesses investing a <br />total of $1,500,166.00 in Building Materials used in the Enterprise Zone; and <br />Community Development Department Indian River County 29 <br />