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I <br />INDIAN RIVER COUNTY NG,..emuFIT <br />A. Program Cover Page <br />EXHIBIT A <br />I <br />/ QUASI AGENCY REQUEol rOR FUNDING <br />Agency: Indian River County Chamber of <br />Commerce <br />Telephone: 7725673491 <br />Contact Person: Dori Stone Fax: 772-778-3181 <br />Title: President E -Mail: doris(indianriverchamber.com <br />Address: 1216 21st Street <br />Website Address: www.indianriverchamber.com <br />Program Title: Countywide Economic Development <br />I Agree - By checking the "I Agree" box and entering your name below, you certify that information contained in this <br />application accurately reflects the activities of this agency and that the expenditures or portions thereof for which County <br />funds are being requested are not reimbursed by any other source. <br />Name: Dori Stone Title: President <br />Liner oescnDtion oT the rroaram Tor wnicn Tunaina is reguesiea: <br />A countywide economic development program to implement the goals and policies as outlined in the Economic <br />Development Element of the Indian River County Comprehensive Plan and adopted by the Board of County <br />Commission. Programs, activities, marketing, and strategies result from meetings and activities of the county's <br />Economic Development Council and the Indian River County Chamber of Commerce. <br />Activities include promoting the county for new business location, direct assistance to local and start-up companies, <br />encouraging and enhancing the growth of existing businesses, provide exporting and government contracting <br />opportunities, encourage business -to business relationships, and strengthen our workforce pipeline through <br />collaboration. The program's objective is to recruit and retain companies that offer year-round, full-time jobs with <br />benefits that pay at least 75% of the county's average annual wage, while increasing and diversifying the county's tax <br />base. <br />There are no other comprehensive countywide economic development programs of this type provided by, or performed <br />by, any other group or agency within the county. The Indian River Chamber is recognized by the Florida Department of <br />Commerce, our statewide economic development organization, as the primary economic development agency of record <br />for Indian River County. <br />summary Keport <br />Amount requested from Indian River County for 2024/2025: $238,725.00 <br />Total Proposed Program budget for 2024/2025: $285,966.00 <br />Percent of total Program budget: 83.48% <br />Current Funding (2023/2024) $204,826.00 <br />Dollar increase / (decrease) in request: $33,899.00 <br />Percent increase / decrease in request: 16.55% <br />If request increased 5% or more briefly explain why: <br />A new Economic Development Vice President will be hired in January 2025 to replace the current Vice President who is <br />retiring 12/2024. To recruit an economic development professional who is a Certified Economic Developer (CEcD), an <br />increase in the position's salary was warranted, as indicated in a recent salary survey of economic development <br />professionals in the Southeast. Health insurance costs will also be higher for the new position, as they will be <br />commercial rates v. Medicare. <br />The Organization's Board of Directors has approved this application on (date): 04/15/24 <br />Name of President/Chair of the Board: Donna D'Alfonso, Chairman <br />Name of Exec. Director/CEO: Dori Stone, President <br />EXHIBIT A <br />