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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Economic Development Element <br />The Economic Development Element sets forth the County’s policies for economic growth and diversification. Economic <br />Development contributes not only to the tax base for the County but it also creates opportunity for residents and <br />entrepreneurs. <br />A summary of the changes that are proposed for the Economic Development Element are as follows. <br />◊ Remove specificity of data, such as specific FY dollar amounts <br />◊ Update the planning horizon, targets, and timeframes <br />The proposed changes are important for Indian River County to understand existing conditions, constraints, and <br />opportunities, all of which are necessary to strategically increase Economic Development. Minimal changes, however, are <br />recommended for this element. <br />Florida Statute Reference: Chapter 163.3177 <br />Economic Development Elements are not statutorily required. <br />PAGE 74