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Comprehensive Plan Economic Development Element family home, depending upon size. Impact fees are also required for various commercial and industrial uses. Library, School,and Park and Recreation impact fees do not apply to nonresidential uses. Currently,five of the county's eight impact fees are suspended to encourage construction and economic development. Water and sewer impact fees are established in a separate ordinance. While water impact fees are $1,300 for each equivalent residential unit, sewer impact fees are $2,796 for each equivalent residential unit. Deposits are also based on equivalent residential units. Within the City of Vero Beach,electric impact fees apply. For residential properties,electric impact fees are$550 per dwelling unit. For commercial/industrial properties, electric impact fees start at $550 per unit and increase depending on the estimated electricity demand of the proposed land use. Separate from impact fees, the County also has a prorated interest fee that is used to finance the widening of a portion of State Road 60. The interest fee is being charged to all developments that impact SR 60 between 66fl'Avenue and I-95. Economic Development Initiatives • Target Industries Currently, the Board of County Commissioners offers various financial incentives to target industries to encourage those industries to locate to Indian River County or to expand businesses already in the county. The County's target industries list includes manufacturing and other basic industries. Generally,the target industries are businesses that pay wages near or above the county's annual average wage.By targeting industries that pay higher than average wages,the County intends to improve the standard of living and employment opportunities of residents of the county. In 2006,there were 11,188 jobs within the County's targeted industries. Of those target industries, the fastest growing are service industries. While service industries,have been growing,only minimal gains have been made in basic/contributory industries (industries that bring money into the local economy by selling their products outside of the county) such as Fabricated Metal Products Manufacturing,Wood Products Manufacturing,Non-metallic Mineral Product Manufacturing,and Plastics and Rubber Products Manufacturing. Currently, the county offers financial incentives to target industries as follows: • Qualified Target Industry Tax Refund Program The Qualified Target Industry Tax Refund Program, administered through Enterprise Florida, provides a tax refund of up to$8,000 per new job if the business is located in the County's Enterprise Community Development Department Indian River County 26 109