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Comprehensive Plan Economic Development Element o Local Training/Grant Assistance Workforce Solutions will provide on-the-job training to employers to offset the costs associated with new hires. The Grant serves as a cost effective way for local employers to hire quality applicants by reimbursing up to 50%of the employee's salary during their training period. o Employed Worker Training Grants Workforce Solutions will provide grants to reimburse employers for up to 50%of direct training costs to train current employees in new skills that may lead to greater productivity. The employer chooses the training that meets company needs. Grants may be accessed through Workforce Solutions. o Recruitment/Assessment Services At.no cost, Workforce Solutions will assist businesses in finding qualified candidates who are trained and equipped with the right skills to fill their positions. Professional Recruiters efficiently recruit, screen and refer only qualified applicants to open positions. Enterprise Zone In 2005, Indian River County and the City of Vero Beach jointly established an Enterprise Zone encompassing properties in and around the City of Vero Beach Municipal Airport and properties within the Gifford Community(see map). An Enterprise Zone is an area designation approved by the state to encourage new economic growth and investment in distressed areas. The state accomplishes this in part by providing tax incentives to residents and businesses within Enterprise Zones. Those tax incentives include: ■ Job Tax Credit(Sales Tax and Use Tax Credit or Corporate Income Tax Credit) ■ Sales Tax Refund(Refund of Sales Tax Paid on Certain Business Equipment/Materials) ■ Property Tax Credit(Applied to Corporate Income Tax) ■ Electrical Energy Sales Tax Exemption(Sales Tax Exemption on Electrical Energy) ■ Community Contribution Tax Credit(Florida Corporate Income Tax,Insurance Premium Tax, or Sales Tax Refund). Community Development Department Indian River County 28 111