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Economic Impacts Brief. The Economic Development Return on Public Investment in Indian River County <br />..................................................................................................................................................................................................... <br />estimated Fiscal Revenues ($2.6 millions) plus Household Income ($42.4 million) <br />to the total investment made by the County ($3 million6). <br />ROI = Estimated Local Fiscal Revenues per year + Household Income per year <br />County Investment in Economic Development <br />Filling in the formula with estimated annual investment figures, the estimated EDROI is <br />as follows: <br />2.6 mil. + 42.4 mil. <br />ROI = <br />3 mil. <br />ROI = 15 x annually <br />Based on these calculations it is estimated that Indian River County receives <br />economic benefits 15 times greater than the $3 million invested since 2007. <br />Further, it should be noted that of the $16 million of Fiscal Revenues that these additional <br />investments and expenditures will generate each year, almost $6 million flow to State <br />and local governments throughout Florida, and over $2.6 million of this total is allocated <br />specifically to Indian River County each year. These companies (the nine qualified <br />companies receiving performance-based incentives) and the many others that did not <br />receive incentives, received assistance through the Indian River County Chamber of <br />Commerce's economic development efforts. <br />SSee Appendix I for an analysis of how the State fiscal revenues allocated to Indian River County were calculated. <br />6See Appendix I for an analysis of how the total investment made by the County was calculated <br />....................................................................................................................... ................... ........... ..... ......... .................. ... <br />The Washington Economics Group, Inc. (WEG) Page 111 <br />7•,4• j3 <br />............................................................................. .............. <br />The Washington Economics .... .. Group, Inc. (WEG) Page 112 <br />7 A,ILI. <br />