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Economic Impacts Brief: The Economic Development Return on Public Investment in Indian River County <br />....................................................................................................................................................................................................... <br />Table S. Total Economic Impact on Indian River County Generated by Public <br />Incentives (2007 - Present) <br />Rif <br />t. <br />I <br />Capital —j <br />Manufacturing <br />$133,163 i 67% <br />Knowledge -Based Services` <br />$30,078 15% <br />Government & Other <br />$21,893 11% <br />Wholesale Trade & Transportation Services _ - <br />$8,010 4%—� <br />Retail Trade <br />I $2,687 to/o j <br />Visitor Industry <br />I $1,537 1%_ �1 <br />Other Industries <br />I $859 <1% <br />t <br />` <br />Note: Total may not equal the sum of all due to rounding. <br />Source: The Washington Economics Group, Inc. (WEG) _ _ u <br />In addition to the various economic impacts presented, the increases in economic <br />activity created by the firms that have been granted performance incentives create <br />important new fiscal revenues each year for Federal, State and local governments as <br />shown in Table 6 below. <br />Table 6. Fiscal Contributions on Indian River County Generated by <br />Public Incentives(2007 - Present) ($ Thousands) <br />7ryj(S`� <br />S <br />`Labor <br />t. <br />I <br />Capital —j <br />$4,890 <br />$263 <br />$49 <br />I $0 <br />$5,289 <br />$284 <br />$113 <br />$4,939 <br />$263 <br />$5,666 <br />_ $4,090 <br />$955 <br />Indirect Business Taxes <br />Households <br />$376 <br />$3,806 <br />$842 <br />_ <br />Corporations <br />�7 <br />• _ a .. 111 <br />. ��� �iJCsf/il• <br />� � f fel i ,?"� <br />� . , .. <br />Note: Total may not equal the sum of all due to rounding. <br />Source: The Washington Economics Group, Inc. (WEG) <br />In conclusion, the public incentives provided by the County to qualified companies, whose <br />location in the County has been facilitated by the Chamber of Commerce, are of significant <br />importance to the Indian River County economy and its residents. The County and the <br />Chamber's economic development strategies focus on creating a high -wage economy. The <br />targeted firms for performance-based incentives are leading generators of high-value <br />added employment opportunities, primarily in Manufacturing and Knowledge -Based <br />Services sectors. <br />`Major industries under this category are: Education, Information, Finance and Insurance, Real Estate, Professional, <br />Administrative Services and Arts, Entertainment & Recreation. <br />............................................................................................................................................................................................................................ <br />The.Was..hing.ton Economics Group, Inc. (WEG) Page j 9 <br />7.A.11- <br />