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2021-046
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2021-046
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Last modified
7/30/2021 10:34:52 AM
Creation date
7/30/2021 10:25:36 AM
Metadata
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Template:
Official Documents
Official Document Type
Report
Approved Date
04/06/2021
Control Number
2021-046
Agenda Item Number
8.F.
Entity Name
PAFR
Subject
Popular Annual Financial Report (PAFR) for Fiscal Year 2020 PAFR
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Local Economy <br />1. Cleveland Clinic Indian River Hospital <br />2,112 <br />3.53% <br />2. School District of Indian River County <br />2,039 <br />3.41% <br />3. Indian River County* <br />1,654 <br />2.77% <br />4. Publix Supermarkets <br />1,380 <br />2.31% <br />5. Piper Aircraft Inc. <br />980 <br />1.64% <br />6. Wal-Mart <br />806 <br />1.35% <br />7. Sebastian River Medical Center <br />750 <br />1.26% <br />8. Visiting Nurse Association <br />500 <br />0.84% <br />9. John's Island <br />495 <br />0.83% <br />10. Indian River Estates <br />486 <br />0.81% <br />Principal Employers' Total: <br />11,202 <br />18.75% <br />Source: Indian River County, Florida annual budgets for individual employers. Florida <br />Agency for Workforce Innovation - Labor Market Statistics, and Bureau of Economic and <br />Business Research at University of Florida for total County employment figures. <br />*This includes the Board of County Commissioners, Supervisor of Elections, Property <br />Appraiser, Sheriff, Tax Collector, and Clerk of the Circuit Court and Comptroller. <br />$63,140 <br />$51,041 <br />$52,855 $54,448 <br />$67,978 $68,491 <br />2011 2012 2013 2014 2015 <br />Total taxable property tax values in Indian <br />River County increased from $18.6 billion in <br />2019 to $19.6 billion in 2020. Construction <br />activity saw a decrease with 7.3% less <br />building permits issued for new construction <br />in 2020 over 2019. The population of the <br />County has been steadily increasing, <br />growing to 158,834 in 2020. Historically, <br />Indian River County's economy was made <br />up of agriculture (citrus and cattle) and <br />tourism. Those industries have now been <br />complemented with an increase in health <br />care and information technology firms, light <br />manufacturing, wholesale and retail trade, <br />and service sector jobs. Due to the <br />negative impacts of the coronavirus <br />pandemic, unemployment saw an increase <br />from 3.7% in 2019 to 5.9% in 2020. The <br />citrus industry saw an increase in <br />production of 13.8% from 2.9 million boxes <br />in 2019 to 3.3 million in 2020. This ranked <br />the County 8th among all Florida counties in <br />total citrus production. <br />$80,818 <br />$73,274 $76,059 <br />2016 2017 2018 2019 2020 <br />� Population <br />Unemployment Rate <br />-v-Per Capita Personal Income (2020 Per Capita Personal Income information not available) <br />0 <br />
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