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Comprehensive Plan Economic Development Element Topography Unlike some areas, Indian River County's topography is not characterized by steep slopes or other development constraints. While the flat topography requires various drainage improvements, this does not constitute an economic development constraint. Demographic Characteristics Quality of Life The quality of life in a community is an important consideration for companies planning to relocate. Although the quality of life in Indian River County is excellent, certain constraints do exist. One such constraint is the high seasonal unemployment rate of the county. This high seasonal unemployment rate, which increases the average annual unemployment rate, can create the impression that Indian River County's economy is not stable. Generally, Indian River County is perceived as having an exceptional quality of life, a potential for economic development. Historically, the county's position has been to guide growth in order to avoid the problems associated with rapid urbanization. This has resulted in low residential densities, large amounts of open space, protected environmental land, and an adequate infrastructure to support development within the county. Being a coastal area, Indian River County has many recreational amenities that provide opportunities for boating, swimming, and fishing. The county's waterfront areas also provide residents with an aesthetically pleasing place to live. With a large public park system and a quality cultural environment, the county has diverse opportunities for an area of its size. These characteristics indicate that there is a high quality of life in Indian River County. This constitutes a potential for economic development in the county. Population Growth In the past, much of the population growth in Indian River County has occurred in the age groups 45 years and above, including retirees. So while the county's population has grown, this growth has resulted in an older population with a lower percentage of the population in the workforce. Since having a large and diversified labor force is necessary to attract new industry, the growth in the older age cohorts can constitute an economic development constraint for the county. There are, however, economic development benefits from retirees moving to the County. Because many of those retirees have high incomes, these new residents have more money to spend locally. That benefits various local businesses, including retail and service establishments. Community Development Department Indian River County 32