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RECRUITMENT/PROMOTION <br />Announced Projects <br />• Facilitated a successful Local Jobs Grant award for ACS Financial, a new company that <br />assists business clients throughout the U.S. in resolving state and federal tax issues. <br />The company anticipates creating 30 new jobs paying an average annual wage of <br />$46,000. <br />• Participated in a welcome reception for Cruiser Aircraft at Sebastian Airport. The <br />company's initial plan was to locate in Palm Beach County, but was concerned about the <br />"no fly zone" rule when the President visits, and instead chose Sebastian. The company <br />is based in the Czech Republic, and manufacturers the Sport Cruiser Light -Sport aircraft. <br />The Sebastian location will start with final assembly operations, hiring five employees; <br />long-term plans include a manufacturing component. <br />Active Projects <br />• We continue to communicate with the principals of the aircraft parts manufacturer from <br />Spain. The EDO was notified their decision is delayed but our location remains "at the <br />top of their list". The company was drawn to Vero Beach, expressing an interest in <br />working with Piper Aircraft in a limited capacity, anticipating 35-50 new jobs. <br />• Met with the owner of a New York -based manufacturer on a site visit to Indian River <br />County. The EDO began communicating with the owner in April 2016; he anticipates a <br />2-3 year decision process. The company currently has 40 employees, but may relocate <br />only the manufacturing and shipping operations, keeping the administrative office in NY. <br />The company was referred by a Chamber member. <br />• Met with the CEO of a NJ -based manufacturer of PVC piping, interested in expanding to <br />our area as they focus their work on high-end hotels; decision date is 1-2 years out. <br />Provided details on the advantages of locating to Indian River County along with <br />information regarding local/state programs available and existing buildings potentially <br />suitable for his use. The company was referred by Oculina Bank. <br />Prospect Activity/Customized Assistance <br />• BioAlliance is a Palm Beach -based company that submitted an offer to purchase the <br />INEOS site. The EDO worked closely with CEO, providing him demographic information <br />on the area and letters of support to bank officials who own the property. The CEO was <br />also in discussion with the County to take over the INEOS agreement for waste <br />processing. BioAlliance recently rescinded their offer and is renegotiating. <br />• The White Company is a London-based retailer of home furnishings and apparel. The <br />company's CEO was featured in a local publication announcing the company's first U.S. <br />retail location in New York City. The EDO submitted a detailed proposal to the CEO, <br />outlining the advantages of locating a distribution center to Indian River County. <br />77 <br />