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Indian River County <br /> City of Vero Beach <br /> Enterprise Zone Development Agency <br /> Enterprise Zone Activities <br /> Refunds Total Amount Equipment New Businesses <br /> Processed - Refunded/Credited Purchased Jobs Assisted <br /> 2 $25,962 $16,535 7 12 <br /> The Florida Enterprise Zone Program offered refunds and credits of certain <br /> state sales and corporate taxes to encourage private investment with designated <br /> geographic areas, those with excessively high unemployment and high poverty <br /> rates. The Indian River County/City of Vero Beach Enterprise Zone was a 4.7 <br /> square mile area encompassing the Vero Beach Regional Airport and the <br /> adjacent Gifford community in unincorporated Indian River County. <br /> EDD administered the local Enterprise Zone program, submitting quarterly <br /> activity reports and an annual report to the Board of County Commissioners, <br /> Vero Beach City Council, and the Governor's Office. <br /> Leading up to the 2015 Legislative Session, the EDD Director participated in <br /> numerous conference calls with the FL Economic Development Council, the FL <br /> Department of Economic Opportunity and other enterprise zone coordinators. <br /> The goal was to seek legislative support to reauthorize the program for another <br /> ten years, emphasizing the importance the program had on recruiting and <br /> retaining business. <br /> The ED Director presented information to the local legislative delegation, <br /> facilitated a Resolution of Support from the County Commission and City Council, <br /> and hand-delivered reauthorization request letters to each member of Legislative <br /> Committees that discussed the program's continuance. <br /> Legislators chose not to reauthorize the program. The program will terminate <br /> on 12/31/15. <br /> 17 <br /> 19 <br />