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incentives. At that time it was felt that while the state had made a decision to discontinue the <br /> Enterprise Zone program and all state economic benefits associated with those zones, the county <br /> could consider maintaining its existing local economic incentive programs for the zone. These <br /> incentives include the local jobs grant special 10% bonus and the tax abatement reduced <br /> qualification criteria. <br /> Since the October 13`"Board meeting, an ordinance to discontinue the Indian River County/City of <br /> Vero Beach Enterprise Zone Development Agency and to eliminate the Enterprise Zone from <br /> Section 207.02 of the Indian River County Code of Ordinances was prepared and advertised. On <br /> December 1, 2015,the Board considered and approved those items.Aside from preparing the items <br /> approved on December 1 st, staff reviewed the county's existing incentive programs and pertinent <br /> state statutes to determine which, if any, specific to the Enterprise Zone geographic area may be <br /> continued by the Board after sunsetting the Enterprise Zone. In addition,County staff contacted City <br /> of Vero Beach staff regarding continuing to recognize the Indian River County/City of Vero Beach <br /> Enterprise Zone geographic area for special local economic development incentives. To date, no <br /> objections or concerns have been expressed, and city staff have expressed support. <br /> Indian River County/City of Vero Beach Enterprise Zone <br /> 53RD 8T <br /> 53RD ST- <br /> 49TH <br /> T 49TH ST i �IND1,4N RIVER <br /> a- <br /> ,.4 \ ,\`.•\:`. .\�\�:\ opo <br /> 37TH'ST 37TH ST <br /> 33RD ST- <br /> 26TH-ST— <br /> T 26TH-8T \ \ \\\\\ u..28TH S—T <br /> Legend <br /> NOM b Main Relief Canals \`,_.` ��tc• ' "> :,. �,..H� }�'. ^V t _ <br /> Major Streets <br /> Municipal BoundarieswB` <br /> •\�• Enterprise Zone E` '_ $_ a.? , �` n 17TH•$T,� <br /> ®Parcels abul6ng 24ane street segments are within Enterprise Zone as shown Source:IRC Community Development Department June 3.2013 <br /> This agenda item reviews the County's existing local economic incentives that give preferential <br /> treatment to businesses located within the now former Indian River County/City of Vero Beach <br /> 2 <br /> 221 <br />