Laserfiche WebLink
RESOLUTION NO. 2016- <br /> A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br /> COUNTY, FLORIDA, RECOGNIZING THE SUNSETTING OF THE FLORIDA ENTERPRISE <br /> ZONE ACT AND THE DESIRE OF THE COUNTY TO CONTINUE TO RECOGNIZE THE <br /> ENTERPRISE ZONE AREA AS AN AREA ELIGIBLE FOR LOCAL JOBS GRANT BONUS <br /> INCENTIVE. <br /> WHEREAS, since 2005, Indian River County and the City of Vero Beach have operated a joint <br /> i <br /> Enterprise Zone that includes the Gifford Community along with surrounding areas,and including <br /> the Vero Beach Municipal Airport (See Exhibit A), and <br /> WHEREAS,a primary purpose of the Enterprise Zone program is to encourage economic growth <br /> and investment in distressed areas through use of state tax incentives for businesses investing in <br /> those areas and through local incentives adopted by communities, and <br /> WHEREAS, since designation, numerous businesses located within the County/City of Vero <br /> Beach Enterprise Zone have applied for and received state business equipment sales tax refunds and <br /> state building material sales tax refunds, and <br /> WHEREAS,as part of its local incentives,Indian River County currently provides a 10%bonus <br /> for its local jobs grant program for qualifying businesses located within the County/City of Vero <br /> Beach Enterprise Zone, and <br /> WHEREAS, two companies with approved local jobs grants (Girard Equipment and PCP <br /> Ammunition) are currently located within the Enterprise Zone and per their agreements with the <br /> County are eligible for the 10% Enterprise Zone bonus payment for as long as those agreements <br /> remain valid, and <br /> WHEREAS,on December 31,2015,the Florida Enterprise Zone Program authorizing legislation <br /> expired, and <br /> Attachment 3 <br /> 228 <br />