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03/30/2021
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03/30/2021
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6/7/2021 12:34:35 PM
Creation date
6/7/2021 12:03:59 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
03/30/2121
Meeting Body
Board of County Commissioners
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The Indian River County Chamber of Commerce supports the project and <br />recommends that the EDC and County Commission consider all the positive <br />contributions this project brings to Indian River County. <br />Definitions <br />Direct Impact - Direct effects from the initial spending, creating additional activity <br />in the. local economy. <br />Indirect Impact - The of business -to -business transactions indirectly caused by <br />the direct effects. Businesses initially benefiting from the direct effects will <br />subsequently increase spending at other local businesses. <br />Induced Impact - Induced effects are the results of increased personal income <br />caused by the direct and indirect effects. Businesses experiencing increased <br />revenue from the direct and indirect effects will subsequently increase payroll <br />expenditures (by hiring more employees, increasing payroll hours, raising <br />salaries, etc.). Households will, in turn, increase spending at local businesses. <br />32 <br />
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