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Comarehensive 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 have historically applied. For residential properties, electric impact fees afewere $550 per dwelling unit. For commercial/industrial properties, electric impact fees started at $550 per unit and increased depending on the estimated electricity demand of the proposed land use. On December 16. 2015. the Citv of Vero Beach suspended electric impact fees pending approval of the Public Service Commission. If the Public Service Commission does not approve the suspension rea_uest, the electric imp_ act fees will be charged retroactively. 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 for county residents. 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: Community Development Department Indian River County 26