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Education is a valuable tool for preparing the local work force with the skills that potential new <br />companies are seeking. <br />The School District of Indian River County has made the commitment to this goal by funding the <br />first phase of the consolidation and expansion of the TCCAE. The TCCAE is being relocated to an <br />under-utilized campus that is in a high unemployment area of Indian River County. The new <br />location is 4680 28th Court, Vero Beach, FL 32967. This location is centrally located in the <br />county which makes it accessible for residents in the county. Location is also close to U.S. 1 <br />providing ease of access to potential students in the region from south Brevard to north St. <br />Lucie County. <br />In addition to the relocation, the School District is constructing a new building to house a <br />Welding Technology and a Building Construction Technology Program. The current classrooms <br />are also undergoing minor renovations to house the medical and other programs currently <br />being offered at the Technical Center. These programs will be opened to adults and dual <br />enrolled high school seniors. <br />Phase 1 is being paid for by TCCAE which has accrued a fund balance through Workforce <br />education dollars ($1.6 million) and millage funds ($850,000) that the constituents of Indian <br />River County approved in 2016. <br />Phase 2 of the project involves adding another building to house additional career clusters such <br />as Manufacturing, Architectural and Construction Clusters, Energy Cluster, Health Science <br />Cluster, Education Clusters, Hospitality and Tourism Cluster, and Information Technology <br />Cluster. <br />The selection of programs of study and selection of clusters was based upon the 2017 — 2018 <br />Regional Demand Occupation List, advisement from Career Source Research Coast and <br />community members. All programs selected will allow students to earn Industry Certifications <br />that are recognized by local, regional, state, and national employers. <br />The return on investment to Indian River County will translate into new career and technical <br />education opportunities for both high school students and adults, increased wages for an under <br />employed population, and companies finding a location that can provide a skilled, prequalified <br />workforce. According to Career Source Research Coast 2016-2017 annual report, the return on <br />investment for workforce training is for every $1.00 invested, there is $15.03 earned in income. <br />