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1528 <br />Presentation to <br />Indian River County Board <br />of County Commissioners <br />April 8, 2014 <br />EZone Program Overview <br />• Program began 1982 — one of the first in U.S.; <br />administered by Dept. of Economic Opportunity <br />• Designation requires legislative approval <br />• Offers tax advantages to businesses <br />• Indian River County designated Oct. 2005 <br />— EZ #3101 <br />• Currently 63 Zones in FL — Urban and Rural <br />• Locally - Ft. Pierce, Palm Bay, Indiantown <br />4/0/2014 <br />Encourage Private <br />Investment in <br />Distressed Areas <br />FLORIDA ENTRPRISE. ZONES <br />