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(2) Expansion of an Existing Business, as defined by section <br />196.012(16), F.S. <br />(a) A business establishing 10 or more jobs to employ <br />10 or more full-time employees in this state, which <br />manufactures, processes, compounds, fabricates, or <br />produces for sale items of tangible personal <br />property at a fixed location and which comprises an <br />industrial or manufacturing plant; <br />(3) New Business, as defined by Section 196.012(15), F.S. <br />(a) A business establishing 10 or more jobs to employ <br />10 or more full-time employees in this state, which <br />manufactures, processes, compounds, fabricates, or <br />produces for sale items of tangible personal <br />property at a fixed location and which comprises an <br />industrial or manufacturing plant; or <br />(b) An office space in this state owned and used by a <br />corporation newly domiciled in this state; provided <br />such office space houses 50 or more full-time <br />employees of such corporation. <br />Provided that such business or office first begins <br />operation on a site clearly separate from any other <br />commercial or industrial operation owned by the same <br />business. <br />section 1.06 Conditionâ–  <br />(1) The economic development ad valorem tax exemption is a <br />local option tax incentive for new or expanding <br />businesses which may be granted or refused at the sole <br />discretion of the Board after consideration of the <br />factors set out in Section 1.07 of this resolution. An <br />applicant for such an exemption must file an application <br />with the county and shall provide any further information <br />requested by the county. <br />(2) Satisfactory proof that the business meets the criteria <br />as established by this resolution for exemption as a new <br />business or expansion of an existing business must <br />accompany the application. <br />(3) An exemption shall be for a 10 year period, unless the <br />Board determines that a shorter exemption is in the best <br />interest of the citizens of Indian River County. <br />(4) Any exemption granted may apply to up to 100 percent of <br />the assessed value of all improvements to real property <br />made by or for the use of a new business and all tangible <br />