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2010-252A (05)
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2010-252A (05)
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Last modified
7/9/2020 4:34:36 PM
Creation date
10/5/2015 10:01:22 AM
Metadata
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Template:
Official Documents
Official Document Type
Report
Approved Date
10/12/2010
Control Number
2010-252A (5)
Agenda Item Number
10.A.3
Entity Name
Comprehensive Plan
Subject
EAR based Amendments 2030 Comprehensive Plan
Chapter 5 Economic Development Element
Supplemental fields
SmeadsoftID
13456
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Comprehensive Plan Economic Development Element <br />beaches and enhance tourism, the County has adopted a Beach Preservation Plan. That plan is used <br />as a guide to make improvements to area beaches. These beach preservation activities have an <br />overall beneficial effect on housing in the county. <br />Along with preserving beaches, the County and other agencies such as the St. Johns River Water <br />Management District have actively been preserving natural areas throughout the County. This large <br />amount of preserved environmentally sensitive land is an economic development potential in that the <br />preservation attracts tourists interested in nature and outdoor activities. Going forward, the County <br />should continue to invest in preserving its natural areas and providing public access to those natural <br />areas. Further, the County's tourism policies should focus on marketing the various amenities, <br />particularly the ecotourism amenities, that exist within the County. <br />Economic Characteristics <br />Labor Force/Employment/Unemployment Trends <br />Because the County does not have major industry clusters, it lacks a large supply of qualified labor <br />for potential industries. <br />With its labor force concentrated in service industries and agricultural industries, the county's <br />employment levels are seasonal, rising in the winter and declining in the summer. This produces <br />high unemployment rates during summer months. Seasonal employment also affects the ability of <br />individuals to earn a year round salary. Because of the seasonality of employment within the County <br />and because of the generally overall high unemployment, Indian River County should when <br />possible, give preference to hiring people/companies who live in or have offices in the County or <br />adjacent Counties. <br />Generally, economic development incentives offered by the Board of County Commissioners have <br />helped to retain existing industries and attract new industries that offer year round employment. <br />These new and expanding industries have enhanced the local economy as well as improved <br />employment opportunities for county residents. <br />Wage Rates <br />Overall, the County's wage rate is not a constraint. While Indian River County's wage rates are less <br />than Brevard County's and Martin County's, they are higher than St. Lucie County's and <br />Okeechobee County's. Although lower wage rates may create the perception that the county has a <br />lower skilled or less educated labor force, higher wage rates may create the perception that the <br />County is an expensive place to live and establish a business. <br />In industrial relocation decisions, labor costs have become a significant factor. Along with the <br />Community Development Department Indian River County 36 <br />
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