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ComDrehensive Plan <br />Economic Develonment Element <br />part by providing tax incentives to residents and businesses within Enterprise Zones. -The 2015 <br />Legislature did not reauthorize the program, and the Enterprise Zone p_ rogram expired <br />12/31/15.T -hose taiii ineeiitive3 inc ,C;Jc: Although the stateprogram <br />expired at the end of 2015. the Indian River County Board of Countv Commissioners (BCC) <br />determined that it is important for the Countv to continue to provide a special economic <br />development incentive in the former Enterprise Zone area. consistent with the Gifford Neighborhood <br />Plan Policv that supports such an incentive in the Gifford area. On January 12. 2016, the BCC <br />approved a resolution to continue to offer a 10% Weal bonus t^ target industries -to eligible <br />target industry companies anolving for a local iobs grant locating within the newly re -labeled <br />"Enterprise Area". The "Enterprise Area" encompasses the same geographic area of the former <br />Enterprise Zone. <br />fl„L,vvTr-wkCredit (Saics Tax and Use Tux Credit OF Corporate In,.eme Tax !`relit) <br />-Sales Tax Refund (Reftwa ^f Saks Tax Paid on Ce ftain Busing 3 Eauipmentrna.,t^Fials) <br />#P.3pCTty Tax (`relit (1A pp!ied to Co}rpo ate ineeme Tax-) <br />•Ale pe t r i Tar E <br />C�t�rr�rart:t; }trib:ati:.r: Tax Cfed:t (F1^f:arporrate lneaffic Tax, Ir::rr,�r&n_n , PFc;miut;� Tar, ar <br />Sa4o3 Tax P eft} <br />Indian River County/City of Vero Beach Enterprise Area <br />53RD ST <br />48TH ST <br />37TH ST <br />—33RD ST - <br />28TH ST <br />Legend <br />North S Main Relief Canals <br />Major Streets <br />i Municipal Boundaries <br />M3Enterprise Area Boundary <br />® Parcels abutting 2 -lane street segments are within Enterprise Zone as shown <br />Source: IRC Community Development Department <br />s� <br />=4 <br />7j <br />71 <br />7 <br />AVER <br />ES <br />BLVD" <br />