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PUBLIC INFRASTRUCTURE GRANT PROPOSAL — INDIAN RIVER COUNTY G. Provide a detailed description of, and quantitative evidence demonstrating, how the proposed public infrastructure project will promote: • Economic recovery in specific regions of the state; • Economic diversification; or • Economic enhancement of a Targeted Industry o Describe how the project will promote specific job growth. Include the number of jobs that will be retained or created, and in which industry(ies) the new net jobs will be created using the NAICS codes. Where applicable, you may list specific businesses that will retain or create jobs or make capital investment. Existing Business/Job Retention Currently, there are four manufacturers located on 98th Ave., with a total employment base of 171 workers or 14% of our local manufacturing employment of 1,214 (not including Piper Aircraft's 1,000 employees). Most of these employers are in hiring mode. WORK- NAICS COMPANY NAME FORCE CODE PRODUCT DESCRIPTION Float -On Boat Trailers 20 336214 aluminum boat trailers; locally owned M.A. Ford 50 333515 carbide cutting tools (drill bits); headquartered in Iowa Nylacarb Corp. 40 326100 plastic injection molding; locally owned Parker Hannifin 61 326220 industrial hoses; headquartered in Ohio New Business/Job Creation • On 98th Ave., south of the existing cluster of manufacturers, Florida Power & Light is planning a new Service Center. The project will include: 25,436- sf of office space, a 10,232-sf fleet services garage, 8,584-sf of warehouse space, a 1,100-sf storm shelter, and a 6,000 gallon AST fuel system. • There are three prospective companies considering locations within the Vero Beach Business Park, totaling 185 workers: o Pre -cast concrete wall manufacturing — 150 new jobs, $16 -million capital investment o Housing infrastructure assembly operations —10 new jobs anticipated o Expansion of a local manufacturing operation — 10 new jobs added to the company's existing workforce of 15 42