8/18/1992 - Laserfiche WebLink

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Throughout this process, the Economic Development Council has reviewed and revised the goals, objectives and policies several times. On June 23, 1992, the EDC approved the attached goals, objectives, and policies with changes to Objective 1, Objective 2, and Policy 3.1. Although the EDC has not yet reviewed revised Objective 1, Objective 2, and Policy 3.1, the revisions made to these objectives/policies reflect the EDC's direction. At this time, staff is compiling the updated socio-economic data and preparing the background and analysis section of the plan. Once compiled, that information will be incorporated with the goals, objectives and policies into a revised Overall Economic Development Plan. RECOMMENDATION The staff recommends that the Board of County Commissioners consider the attached goals, objectives, and policies for conceptual approval and provide direction to staff and the EDC for additional revisions. OVERALL ECONOMIC DEVELOPMENT PLAN GOAL It is the goal of Indian River County to have orderly and diversified economic growth, to have a reduced unemployment rate, to have in place the services and facilities necessary to accommodate economic growth, and to have increased employment opportunities in year round businesses so as to improve the quality of life currently --enjoyed by county residents. OBJECTIVE 1 LOW UNEMPLOYMENT RATE By January 1, 19961 the county will have an unemployment rate that has decreased to among the middle third (1/3) of Florida counties as published by the Florida Department of Labor and Employment Security. Policy 1.1: By 1993, the Indian River County Community Development Department will analyze the county's social, physical and economic assets; research industry specific locational criteria; assess relative advantage_ and develop a specific economic development plan that targets`&ppropriate industries and maximizes the county's advantages. Policy 1.2: By 1993, the Indian River County Community Development Department will develop a specific plan to market the county's economic development potential. Through research, the county will identify the most effective and cost efficient way to inform potential employers of the county. Policy 1.3: The county shall provide staff support to the Indian River County Chamber of Commerce and the Indian River County Council of 100 in their recruitment of businesses considering relocation. At least ten (10) of these businesses shall be contacted by the Council of 100 per month, and a monthly written report identifying results, problems, solutions and other pertinent information shall be submitted to the Economic Development Council (EDC). 41