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Comprehensive Plan Economic Develooment Element <br />With the E*terprise Zare, Ir;d an Riv , eh F". <br />state sponsored ineenti'im, to i0 a.-., are another too! that the Count), and <br />City of ac -k k".,e at th rr d-'rapo al to help retain and expand existing businesses and help to <br />eto <br />attraet fiew businesses. Betweefi Oetaber 1, 2005 (start ef repet4ifig period fbF the beginning of the <br />City of Ver -e l3eaeli/Indian River County Enterprise Zonc; and Sapteffiber 30, 2007, 10 Building <br />na m 1ax Rofund applieatimons-and `.c Bus;r.ess Equipri}entSale Tax Refund applieations <br />were submitted to the state. The amatt..t of m a invested in Buil innAi'4Er}a!- and Business <br />t <br />$29,936.00 in Building Mate,-ial Sale Tax Refunds <br />total of J in !guilding Materials used in the Enterprise Zone and <br />f <br />32'24400 inBusinessquipmeritS,ale,Tal:Refunds Nrequested-for atotcllnvestme*t--of <br />$615,474.00 in Business Equipment. <br />Florida's Research Coast Economic Development Coalition <br />In the late 199W'sl998, a Memorandum of Understanding (MOU) was signed by the primary <br />economic development organizations (EDOs) in Martin, St. Lucie, Okeechobee and Indian River <br />Counties to coordinate economic development efforts as a region-(Okeec-ha <br />That e€ <br />set the foundation for ', F,+,. Lueie Getinty, arA Indian Rivet <br />County these primary EDOs and the President/CEO of CareerSource Research Coast to form the <br />"Florida Research Coast Economic Development Coalition" to better promote the economic <br />development objectives of the three four counties. <br />Currently, the Business Development Board of Martin County, the Indian River County Chamber of <br />Commerce, the Economic Development Council of St. Lucie Countv. the Okeechobee Chamber of <br />Commerce, and W-erkI r-eo E-olutiartsCareerSource Research Coast are sharing resources to <br />promote/se the t+reefour counties as a cohesive region. The research coast initiative is <br />building upon recent efforts of all t#reefour counties and Werk€er; c S-Olutiarrs CareerSource <br />Research Coast -to recruit companies involved with the Life Science Industries along with other <br />targeted industries. lH faet, sevefal life seienee eempanies have already laeated to St. Laeie Count),. <br />One of these l•7' seiene is Torrey Pines instit..te f male. c jie .. C lif <br />........ .....�..w.., ..,.....,..,.,alar .�u ", <br />mia <br />based biateeh eenipan�. Tar-rey Pines moved into a 100,000 square feet life <br />research facility on 20 aefes of land in the Town fTradition in St Lueie Ceunly,.More reeently, <br />University'sOregon Health and Seienee ' lr stitutc (VCTI) m ,�ed-inte <br />temper-ary 46eilities within the Tafr I A;l..�".ute for Melecakr Siudies while \IGT -1 is buil,7:.,,1 <br />its faeility. Finally, the Mann Resear-eh Genter is leeating on a 22 aere site within the Town a <br />TraditiQr-. <br />Community Development Department Indian River County 30 <br />