MEETING OF THE ECONOMIC DEVELOPMENT COUNCIL (EDC)

Robert Brackett, City of Vero Beach Charles M. Mauti, City of Sebastian Jessica Salgado, City of Fellsmere Jesse “Sam” Carroll, Jr., Town of Indian River Shores Simms Browning, Town of Orchid Laura Zorc, Indian River County School Board Bruce A. Redus, BCC Appointee Dori Stone, Indian River Chamber of Commerce Bob Morgan, Sebastian Chamber of Commerce Brian Bauer, Career Source RC John Dyer, Local Industry Rep. Chad Olson, Tourist Industry Rep. Gerald “Jerry” Renick, Agriculture Industry Rep. Peter Robinson, Local Developer Rep. Tim Borden, Real Estate Industry Rep. Casey Lunceford, Indian River State College William J. Penney, Banking Industry Rep. James Funk, Local Manufacturing Industry Dr. Ralph D. Turner, Healthcare Industry Todd Howder, Member-at-Large Anna Kirkland – Member-at-Large Karl Zimmermann, Member-at-Large

Joe Idlette III, Gifford Community, EDC Chairman Commissioner Peter D. O’Bryan, District 4, Non-Voting Commission Liaison

VIRTUAL MEETING Tuesday, July 21, 2020

3:30 pm

In accordance with the Centers for Disease Control and Prevention (CDC) Guidelines and the Governor's Executive Orders pertaining to the COVID-19 Pandemic, this meeting will be conducted entirely by web and teleconference accessible, as follows:

You can join the virtual meeting from a computer, telephone, or both: Join from PC, Mac, Linux, iOS or Android: https://ircgov.zoom.us/j/2985973197

Telephone: (888)204-5987 (US Toll Free) Conference code: 261062

For audio, you can use your computer microphone/speakers or dial in by phone. If you are using a computer for video and a telephone for audio, please enter the merge code (#4 digits and “#” sign) into your telephone as you join the meeting (Note: your merge code will be listed under the “Phone Call” tab of your audio options as you join the virtual meeting).

Appearing in person: Communications media technology shall be made available to participate at the date and time of the virtual meeting at Indian River County, Administration Building B, Conference Room B1-501, 1800 27th Street, Vero Beach, FL. Because of CDC guidelines, reservations are encouraged for persons who prefer to attend in person.

**Please note: ONE OR MORE COMMISSIONERS MAY ATTEND THIS MEETING**

AGENDA

1. Call to Order

2. Approval of Minutes – May 19, 2020

3. Discussion re: CARES Act Proposed Spending Plan and Funding Agreement

4. Economic Report Card Review-Matt Kalap, Planner, Community Development-Long Range Planning Division

5. Other Business

6. Adjournment

The next EDC meeting will be on August 18, 2020

“Our mission is to advocate for and advise the Indian River County Board of County Commissioners on activities related to creating, attracting, and retaining high quality jobs for our citizens as detailed within the County’s Economic Development Element of the Comprehensive Plan.

Except for those matters specifically exempted under State Statute and Local Ordinance, the Committee shall provide an opportunity for public comment prior to the undertaking by the Committee of any action on the agenda. Public comment shall also be heard on any proposition which the Committee is to take action which was either not on the agenda or distributed to the public prior to the commencement of the meeting.

Peter D. O’Bryan, IRC Commissioner, District 4 (Non-Voting Commission Liaison)

Amber Batchelor, Sebastian Chamber of Commerce

Chad Olson, Local Tourist Industry Charles M. Mauti, City of Sebastian

Sara Savage, City of Fellsmere Simms Browning, Town of Orchid Tim Borden, Real Estate Appointee Tracey McMorris, CareerSource Research Coast (Alt.)

Others Present Arthur RigbyHelene Caseltine, IRC Chamber of Commerce

______________________________

ECONOMIC DEVELOPMENT COUNCIL

A meeting was held of the Indian River County (IRC) Economic Development Council (EDC) on Tuesday, May 19, 2020 at 3:30 pm as a Virtual Meeting with limited attendance in Conference Room B1-501 of the County Administration Building B, 1800 27th Street, Vero Beach, Florida. Note: You may hear an audio of the meeting and review the agenda and meeting notes on the IRC website at https://www.ircgov.com/Boards/EDC/2020.htm

EDC Members Present Chairman Joe Idlette III, Gifford Community Bruce Redus, BCC Appointee Casey Lunceford, Indian River State College (IRSC) Dori Stone, IRC Chamber of Commerce Jerry Renick, Local Agriculture Industry Jim Funk, Local Manufacturing Industry John Dyer, Local Industry Karl Zimmermann, Member-At-Large Peter Robinson, Local Developer Ralph Turner, Local Healthcare Administrator Sam Carroll, Town of Indian River Shores Todd Howder, Member-At-Large William Penney, Banking Industry

EDC Members Absent Anna Kirkland, Member-At-Large

Brian Bauer, CareerSource Research Coast

Laura Zorc, School Board of Indian River County Robbie Brackett, City of Vero Beach (COVB)

IRC Staff Bill Schutt, Chief, Long Range Planning Matt Kalap, Long Range Planning Phil Matson, Community Development Director, Community Development Richard Bruce, Commissioner Assistant, Recording Secretary

Call to Order

(3:30 PM) Vice Chairman Joe Idlette III called the meeting to order. Mr. Bill Schutt explained to members how the meeting would operate using Zoom. Roll was taken and it was determined there was a quorum present.

Minutes of the May 19, 2020 Meeting of the Economic Development Council Page 1 of 2

BCC move forward with a referendum on whether or not to renew the Tax Abatement program on the November 2020 election ballot.

(3:59 PM) Mr. Sam Carrol asked if the surrounding counties are in the same category as Indian River County. Mr. Schutt stated that all counties are covered under Florida State Statute and must adhere to the same rules as IRC. Mrs. Helene Caseltine gave an example of how the program works. A discussion arose with how many people within the county were hired based on the information provided.

(4:03 PM) Motioned to have the recommendation to the Board of County Commissioners for consideration and that the Tax Abatement renewal request be placed on the ballot. Motion made by Bill Penny, Second by Sam Carroll. Motion passed unanimously.

Other Matters —

(4:05 PM) Helene mentioned that the state legislature did not reauthorize the Target Industry tax refund program on June 30, 2020. Also, the manufacturing program will be postponed to 2021.

______________________________

Approval of the EDC Minutes of February 18, 2020

(3:36 PM) After review motion to approve the February 2020 minutes made by Casey Lunceford, second by Dori Stone. Motion passed unanimously.

Consideration of Renewing the County’s Economic Development Ad Valorem Tax Exemption (Tax Abatement) Program- Bill Schutt, Long Range Planning

(3:40 PM) Bill Schutt spoke on how the issue of Tax Abatement was brought up ten years ago and how now the discussion is on if the Tax Abatement should be renewed or to let it expire. Utilizing a PowerPoint presentation, Mr. Schutt spoke on how to incentivize the establishment of new businesses that create new jobs paying above average area wage. Mr. Schutt also spoke about eligible businesses which include industrial and manufacturing companies with at least 10 new wage eligible jobs, new corporate offices with at least 50 new eligible jobs, and business or organization establishing at least 25 eligible jobs with a sales factor resulting in high ratio of exports. He also spoke on the past use of the County Tax Abatement program and how only one application (INEOS New Planer Bioenergy) was approved due in part to the recession. Mr. Schutt used charts (attached) to show the INEOS taxes paid and abated as well as INEOS wages paid. He also mentioned the potential benefit to different sized companies, regional comparison, and general advantages and disadvantages of Tax Abatements. Based on the information, Mr. Schutt stated that the staff recommends that the EDC recommends that the

Commissioner O’Bryan stated how he will present the information that was motioned to the Board of County Commissioners for review and vote. He also stated how everything is slowly coming back to normal, but to please wear a mask, practice social distancing, and wash hands.

Mr. Ralph Turner wanted to state he was available for any questions for the hospital. Mr. Ardra Rigby asked if transportation would be available for people who want to be tested. Mr. Turner stated that that decision would be up to Lundy Fields.

Adjournment

(4:10 PM) There being no further business, the meeting was adjourned.

Next meeting date: July 21, 2020, at 3:30 PM.

Minutes of the May 19, 2020 Meeting of the Economic Development Council Page 2 of 2

Indian River County 2020 Economic Report Card

OR

2019 IRC Industry Rank Comparison Average Annual Wage, Average Annual Employment, and Total Wages

$43,923Indian River County's Year 2019 Average Annual Wage

Average Annual Wage Average Annual Employment Total Annual Wages NAICS Sector 2019 Rank 2019 Rank 2019 Rank

Management of Companies $104,610 1 324 18 $33,555,645 18 Finance & Ins. $103,038 2 1415 12 $145,772,469 5 Wholesale Trade $102,872 3 869 16 $89,378,965 11 Utilities $92,623 4 87 19 $8,019,624 19 Professional, Scientific & Tech. $68,207 5 2474 9 $168,744,654 4 Information $61,892 6 542 17 $33,555,645 18 Public Administration $53,525 7 2519 8 $134,830,666 7 Manufacturing $51,545 8 2279 10 $117,459,293 9 Mining $50,856 9 15 21 $741,649 21 Health Care $50,251 10 9728 1 $488,847,646 1 Real Estate $49,453 11 1207 13 $59,669,631 14 Unclassified $48,809 12 34 20 $1,635,111 20 Educational Services $44,912 13 3067 6 $137,721,537 6 Construction $44,329 14 4363 4 $193,417,653 3 Transp. & Warehousing $43,559 15 1068 15 $46,520,766 15 Agriculture $40,112 16 1098 14 $44,052,698 16 Entertainment & Rec. $34,972 17 2542 7 $88,909,760 12 Administrative & Support & Waste Managemen $34,745 18 3297 5 $114,568,684 10 Other Services $32,928 19 2242 11 $73,832,247 13 Retail Trade $28,762 20 8621 2 $247,947,390 2 Accom. & Food Services $20,984 21 5686 3 $119,318,694 8

1 of 6

DRAFT Indian River County Economic Report Card

(July 2020)

Average Annual Wage

Indian River County Average Annual Wage by Major NAICS Sector: 2015-2019NAICS

# NAICS Sector (see Footnotes) 2015 2016 2017 2018 2019 2015-2019 %

Change 2018-2019 $

Change 2018-2019 %

Change

11 Agriculture $32,456 $30,352 $31,585 $33,733 $40,112 23.6% $ 6,379 18.9% 21 Mining NA* NA* NA* $49,252 $50,856 NA* $ 1,604 3.3% 22 Utilities $40,009 $36,170 $53,334 $88,637 $92,623 131.5% $ 3,986 4.5% 23 Construction $40,712 $41,014 $41,223 $42,976 $44,329 8.9% $ 1,353 3.1%

31-33 Manufacturing $48,148 $49,636 $49,254 $49,929 $51,545 7.1% $ 1,616 3.2% 42 Wholesale Trade $158,330 $175,857 $154,742 $102,516 $102,872 -35.0% $ 356 0.3%

44-45 Retail Trade $25,864 $26,083 $27,006 $27,461 $28,762 11.2% $ 1,301 4.7% 48-49 Transp. & Warehousing $44,463 $43,035 $43,094 $43,279 $43,559 -2.0% $ 280 0.6%

51 Information $60,571 $61,063 $59,102 $60,887 $61,892 2.2% $ 1,005 1.7%

52 Finance & Ins. $80,719 $86,068 $100,522 $103,262 $103,038 27.7% $ (224) -0.2% 53 Real Estate $41,322 $48,630 $41,707 $47,134 $49,453 19.7% $ 2,319 4.9% 54 Professional, Scientific & Tech. $62,887 $63,039 $61,916 $65,423 $68,207 8.5% $ 2,784 4.3% 55 Management of Companies $154,577 $145,633 $148,860 $106,089 $104,610 -32.3% $ (1,479) -1.4%

56 Administrative & Support & Waste Management & Remediation Services $30,251 $29,662 $31,478 $32,916 $34,745 14.9% $ 1,829 5.6%

61 Educational Services $40,763 $43,057 $42,515 $43,094 $44,912 10.2% $ 1,818 4.2% 62 Health Care $44,748 $45,120 $47,331 $51,914 $50,251 12.3% $ (1,663) -3.2% 71 Entertainment & Rec. $33,885 $32,012 $32,477 $33,593 $34,972 3.2% $ 1,379 4.1% 72 Accom. & Food Services $19,438 $19,550 $19,769 $20,433 $20,984 8.0% $ 551 2.7% 81 Other Services $29,481 $29,846 $30,865 $32,086 $32,928 11.7% $ 842 2.6% 92 Public Administration $48,923 $50,317 $51,527 $52,753 $53,525 9.4% $ 772 1.5% 99 Unclassified $45,165 $30,101 $35,573 $49,289 $48,809 8.1% $ (480) -1.0%

ALL INDUSTRIES $40,160 $40,901 $41,571 $42,881 $43,923 9.4% $ 1,042 2.4%

> 14.5% Change between 2015 and 2019 1. Utilities ‐ 131.5% Increase 2. Finance and Insurance ‐ 27.7% Increase 3. Agriculture‐ 23.6% Increase 4. Real Estate‐ 19.7 % Increase 5. Admin. & support & waste man.      14.9% Increase

< 3.3% Change between 2015 and 20191. Wholesale Trade‐ 35.0% Decrease 2. Mgmt of Companies‐ 32.3% Decrease 3. Transp. & Warehousing ‐ 2.0%  Decrease 4. Information‐ 2.2%  Increase 5. Entertainment & Rec. ‐ 3.2%  Increase

*NA = Not Available

NAICS # Target Industry Cluster NAICS # Target Industry Cluster

Clean Energy Aviation/Aerospace

22, 31-33 Solar Energy 61 Aviation Education

22, 31-33 Biomass Energy/Biofuels 31-33 Aircraft Manufacturing

31 & 33 Fuel Cells and Hydrogen 48-49 General Aviation Services

22, 31-33 Ocean Energy 62 Medical Flight Support

Life Sciences Industry Emerging Technologies

11, 54, 31-33 Biotechnology 54, 31-33 Materials Science

31-33 Medical Device Manufacturing 54, 31-33 Nanotechnology

31-33, 42 Pharmaceuticals 11, 54 Marine Science

62 Health Care

Financial/Professional Services

Information Technology 55 Corporate/Regional Headquarters

51 IT Products/Services 54 Research and Development

51 Software Development

51 Modeling/Simulation/Training Arts, Entertainment, Recreation

31-33, 54 Photonics/Lasers/Optics 71 Sports Facilities

31-33 Microelectronics 51, 71 Film Shoots

51 Telecommunications

31-33, 48-49 Manufacturing/Warehousing/ Distribution

IRC Target Industry Cluster List

$-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

Indian River County Average Annual Wage By Major NAICS Group: 2015-2019

2015 2016 2017 2018 2019

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Indian River County Average Annual Employment by Major NAICS Sector: 2015-2019

NAICS # NAICS Sector (see Footnotes) 2015 2016 2017 2018 2019

2015-2019 % Change

2015-2019 Employ. Change

% of Employ. for 2019

2018-2019 % Change

11 Agriculture 1,747 1,579 1,441 1,306 1,098 -37.1% (649) 2.05% -15.9% 21 Mining NA* NA* NA* 16 15 NA* NA* 0.03% -6.3% 22 Utilities 30 35 49 71 87 190.0% 57 0.16% 22.5% 23 Construction 3,242 3,632 3,974 4,194 4,363 34.6% 1,121 8.16% 4.0%

31-33 Manufacturing 1,953 1,878 1,940 2,168 2,279 16.7% 326 4.26% 5.1% 42 Wholesale Trade 723 705 730 824 869 20.2% 146 1.63% 5.5%

44-45 Retail Trade 8,476 8,502 8,579 8,509 8,621 1.7% 145 16.12% 1.3% 48-49 Transp. & Warehousing 944 935 1,013 1,048 1,068 13.1% 124 2.00% 1.9%

51 Information 568 561 555 575 542 -4.6% (26) 1.01% -5.7% 52 Finance & Ins. 1,401 1,428 1,395 1,403 1,415 1.0% 14 2.65% 0.9% 53 Real Estate 1,145 1,135 1,106 1,133 1,207 5.4% 62 2.26% 6.5% 54 Professional, Scientific & Tech. 2,150 2,264 2,298 2,406 2,474 15.1% 324 4.63% 2.8% 55 Management of Companies 129 147 150 241 324 151.2% 195 0.61% 34.4%

56 Administrative & Support & Waste Management & Remediation Services 2,479 2,601 2,772 3,182 3,297 33.0% 818 6.17% 3.6%

61 Educational Services 2,898 2,960 2,958 3,041 3,067 5.8% 169 5.74% 0.9%

62 Health Care 8,774 9,285 9,406 9,470 9,728 10.9% 954 18.19% 2.7% 71 Entertainment & Rec. 2,161 2,245 2,352 2,445 2,542 17.6% 381 4.75% 4.0% 72 Accom. & Food Services 5,248 5,436 5,627 5,645 5,686 8.3% 438 10.63% 0.7% 81 Other Services 2,104 2,229 2,228 2,330 2,242 6.6% 138 4.19% -3.8% 92 Public Administration 2,473 2,498 2,541 2,546 2,519 1.9% 46 4.71% -1.1% 99 Unclassified 15 32 22 41 34 126.7% 19 0.06% -17.1%

TOTAL, EXCLUDING NA 48,660 50,087 51,136 52,594 53,477 9.9% 4,817 100.00% 1.7% TOTAL ALL INDUSTRIES 48,671 50,099 51,148 52,591 53,475 9.9% 4,804 100.00% 1.7%

*NA = Not Available

DRAFT

Indian River County Economic Report Card

(July 2020)

Average Annual Employment

Annual AverageUnemployment Rate

Year 2010 = 14.0% Year 2011 = 12.6% Year 2012 = 10.6% Year 2013 = 9.1% Year 2014 = 7.5% Year 2015 = 6.8% Year 2016 = 6.1% Year 2017 = 5.1% Year 2018 = 4.3% Year 2019 = 3.8%

> 32.0% Change Between 2015 and 2019 1. Utilities 190.0% Increase (+57 jobs) 2. Management of Companies 151.2% Increase (+195 jobs) 3. Unclassified 126.7% Increase (+19 jobs) 4. Construction 34.6% Increase (+1,121 jobs) 5. Admin. & support & waste man.      33.0% Increase (+426 jobs)

< 2% Change Between 2015 and 2019 1. Agriculture 37.1% Decrease (‐649 jobs) 2. Information  4.6% Decrease (‐26 jobs) 3. Finance & Insurance 1.0% Increase (14 jobs) 4. Retail Trade 1.7% Increase (145 jobs) 5. Public Administration 1.9% Increase (46 jobs)

NAICS # Target Industry Cluster NAICS # Target Industry Cluster

Clean Energy Aviation/Aerospace

22, 31-33 Solar Energy 61 Aviation Education

22, 31-33 Biomass Energy/Biofuels 31-33 Aircraft Manufacturing

31 & 33 Fuel Cells and Hydrogen 48-49 General Aviation Services

22, 31-33 Ocean Energy 62 Medical Flight Support

Life Sciences Industry Emerging Technologies

11, 54, 31-33 Biotechnology 54, 31-33 Materials Science

31-33 Medical Device Manufacturing 54, 31-33 Nanotechnology

31-33, 42 Pharmaceuticals 11, 54 Marine Science

62 Health Care

Financial/Professional Services

Information Technology 55 Corporate/Regional Headquarters

51 IT Products/Services 54 Research and Development

51 Software Development

51 Modeling/Simulation/Training Arts, Entertainment, Recreation

31-33, 54 Photonics/Lasers/Optics 71 Sports Facilities

31-33 Microelectronics 51, 71 Film Shoots

51 Telecommunications

31-33, 48-49

Manufacturing/Warehousing/ Distribution

IRC Target Industry Cluster List

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Indian River County Average Annual Employment by Major NAICS Group: 2015-2019

2015 2016 2017 2018 2019

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NAICS # NAICS Sector (see Footnotes) 2015 2016 2017 2018 2019 2015-2019 % Change 2015-2019 $ Change

% of Total for 2019 2018-19 % Change

11 Agriculture $56,689,603 $47,935,645 $45,518,672 $44,038,669 $44,052,698 -22.3% -$12,636,905 1.88% 0.0% 21 Mining NA* NA* NA* $775,722 $741,649 NA* NA* 0.03% -4.4% 22 Utilities $1,180,268 $1,274,991 $2,595,586 $6,263,652 $8,019,624 579.5% $6,839,356 0.34% 28.0% 23 Construction $131,976,051 $148,947,522 $163,834,978 $180,239,242 $193,417,653 46.6% $61,441,602 8.23% 7.3%

31-33 Manufacturing $94,049,343 $93,211,795 $95,548,785 $108,240,932 $117,459,293 24.9% $23,409,950 5.00% 8.5% 42 Wholesale Trade $114,498,894 $123,994,191 $113,000,695 $84,490,052 $89,378,965 -21.9% -$25,119,929 3.81% 5.8%

44-45 Retail Trade $219,220,060 $221,749,776 $231,689,226 $233,670,332 $247,947,390 13.1% $28,727,330 10.56% 6.1% 48-49 Transp. & Warehousing $41,961,949 $40,248,019 $43,668,925 $45,348,829 $46,520,766 10.9% $4,558,817 1.98% 2.6%

51 Information $34,399,341 $34,246,362 $32,782,060 $34,999,780 $33,555,645 -2.5% -$843,696 1.43% -4.1% 52 Finance & Ins. $113,100,771 $122,861,550 $140,185,718 $144,834,219 $145,772,469 28.9% $32,671,698 6.21% 0.6% 53 Real Estate $47,313,198 $55,210,983 $46,117,759 $53,398,615 $59,669,631 26.1% $12,356,433 2.54% 11.7% 54 Professional, Scientific & Tech. $135,213,187 $142,730,781 $142,271,608 $157,401,308 $168,744,654 24.8% $33,531,467 7.18% 7.2% 55 Management of Companies $19,863,197 $21,383,712 $22,254,620 $25,540,937 $33,841,367 70.4% $13,978,170 1.44% 32.5%

56

Administrative & Support & Waste Management & Remediation Services $74,990,155 $77,136,439 $87,265,235 $104,741,490 $114,568,684 52.8% $39,578,529 4.88% 9.4%

61 Educational Services $118,120,789 $127,440,133 $125,773,280 $131,055,363 $137,721,537 16.6% $19,600,748 5.86% 5.1% 62 Health Care $392,633,282 $418,949,598 $445,167,287 $491,627,827 $488,847,646 24.5% $96,214,364 20.81% -0.6% 71 Entertainment & Rec. $73,230,878 $71,873,846 $76,376,984 $82,117,832 $88,909,760 21.4% $15,678,882 3.79% 8.3% 72 Accom. & Food Services $102,014,228 $106,274,468 $111,245,636 $115,354,876 $119,318,694 17.0% $17,304,466 5.08% 3.4% 81 Other Services $62,028,134 $66,514,612 $68,762,494 $74,752,130 $73,832,247 19.0% $11,804,113 3.14% -1.2% 92 Public Administration $120,987,807 $125,688,732 $130,922,013 $134,286,140 $134,830,666 11.4% $13,842,859 5.74% 0.4% 99 Unclassified $ 696,296.00 $ 973,257 $ 791,502 $ 2,004,422 $ 1,635,111 134.8% $938,815 NA* -18.4%

TOTAL, EXCLUDING NA $ 1,954,167,431 $ 2,048,646,412 $ 2,125,773,063 $ 2,255,182,369 $ 2,348,786,149 20.2% $409,864,394 100.00% 4.2%

TOTAL ALL INDUSTRIES $ 1,954,618,577 $ 2,049,115,439 $ 2,126,279,492 $ 2,255,182,368 $ 2,348,786,149 20.2% $409,289,174 100.00% 4.2%

Indian River County Total Wages by Major NAICS Sector: 2015-2019

*NA = Not Available

DRAFT

Indian River County Economic Report Card

(July 2020)

TOTAL WAGES

> 46% change between 2015 and 2019 1. Utilities 579.5% Increase (+$6,839,356) 2. Unclassified 134.8% Increase (+$938,815) 3. Management of Companies  70.4% Increase (+$13,978,170) 4. Admn. & Supp. & Waste & Svcs      52.8% Increase (+$39,578,529) 5. Construction 46.6% Increase (+$61,441,602)

< 11.7 % Change between 2014 and 2018 1. Agriculture  22.3% Decrease (‐$12,636,905) 2. Wholesale Trade 21.9% Decrease (‐$25,119,929) 3. Information  2.5% Decrease (‐$843,696) 4. Transp. & Warehousing 10.9% Increase (+$4,558,817) 5. Public Administration 11.4% Increase (+$13,842,859)

NAICS # NAICS # Target Industry Cluster

Aviation/Aerospace

22, 31-33 61 Aviation Education

22, 31-33 31-33 Aircraft Manufacturing

31 & 33 48-49 General Aviation Services

22, 31-33 62 Medical Flight Support

Emerging Technologies

11, 54, 31-33 54, 31-33 Materials Science

31-33 54, 31-33 Nanotechnology

31-33, 42 11, 54 Marine Science

62

Financial/Professional Services

55 Corporate/Regional Headquarters

51 54 Research and Development

51

51 Arts, Entertainment, Recreation

31-33, 54 71 Sports Facilities

31-33 51, 71 Film Shoots

51

31-33, 48-49 Manufacturing/Warehousing/ Distribution

IRC Target Industry Cluster List

Software Development

Modeling/Simulation/Training

Photonics/Lasers/Optics

Health Care

Information Technology

Life Sciences Industry

Biotechnology

Target Industry Cluster

Telecommunications

Microelectronics

Medical Device Manufacturing

Pharmaceuticals

IT Products/Services

Ocean Energy

Clean Energy

Solar Energy

Biomass Energy/Biofuels

Fuel Cells and Hydrogen

$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000 Indian River County Total Wages by Major NAICS Sector: 2015-2019

2015 2016 2017 2018 2019

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Important Notes About Quarterly Census of Employment and Wages Data (QCEW/ES-202)

1. The QCEW/ES-202 program derives its data from quarterly tax reports submitted to the State of Florida by employers subject to state Unemployment Insurance (UI) laws. Multi-establishment employers also provide individual worksite data. These reports provide information on the number of people employed and the wages paid to the employees each quarter. The QCEW/ES-202 program obtains information on the location and industrial activity of each reported establishment, and assigns location and North American Industry Classification System (NAICS) codes. These data are then aggregated by industry and geographical area and published according to state and federal confidentiality guidelines.

2. Jobs that are exempt or otherwise not covered by unemployment insurance are not included in QCEW/ES-202 tabulations. These include self-employed nonagricultural workers, unpaid family workers, insurance agents paid solely by commission, and employees of religious organizations. Some state and local government workers, such as those who work at state colleges, universities, elementary and secondary schools, are also excluded.

3. Prior to 2001, employer’s business activity was classified according to the Standard Industrial Classification (SIC) system. In 2001, a conversion from the SIC to the North American Industry Classification System (NAICS) occurred. These data series are not comparable. Also, in order to ensure high quality data, the QCEW/ES-202 Unit updates, if necessary, the NAICS industry code, geographic location, and ownership classifications of employers on a continuous basis. These non-economic changes are introduced in the first quarter of each year. Due to these changes in industry and/or geographic location, QCEW data are often not comparable as a time series.

4. Individual employer data provided to the state are not published. In accordance with Chapter 443 of the Florida Statutes, the state withholds publication of UI-covered employment and wage data for individual employers and any industry level when necessary to protect the identity of cooperating employers. Confidential employer information may be made available only to public employees in the performance of their public duties including statistical research, economic forecasting, workforce development, and implementation and administration of state law.

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Quarterly Census of Employment and Wages (ES-202) Program

U.S. Department of Labor Bureau of Labor Statistics

Quarterly Census of Employment and Wages

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Overview

The Quarterly Census of Employment and Wages Program is a cooperative program invollving the Bureau of Labor Statistics (BLS) of the 11.,S. Department of Labor and the State Employment Security Agencies (SESAs). The QCEW program produces a comprehensive tabulation of employment and wage information for workers covered by State unemployment insurance (UI) laws and Federal workers covered by the Unemployment Compensation for Federal Employees (UCFE) program. Publicly available files include data on the nJJrnber of establishments, monthly employment, and quarterly wages, _by NAICS industry, by col!!J_ty, by ownership sector, for the entire United States. These data are aggregated to annual levels, to higher industry levels (NAICS industry groups, sectors, and supersectors), and to higher geographic levels (national, State, and Metropolitan Statistical Area (MSA)).

The QCEW program serves as a near census of monthly employment and quarterly wage information by 6-digit NAICS industry atthe national, State, and county levels. At the national level, the QCEW program publishes employment and wage data for nearly every NAICS industry. At the State and area level, the QCEW program publishes employment and wage data down to the 6-digit NAICS industry level, if disclosure restrictions are met. In accordance with.BL$ policy, data provided to the Burea1u in confidence are not published and are used only for specified statistical purposes. BLS withholds publiication of UI­covered employment and wage data for any industry level when necessary to protect the identity of cooperating employers. Totals at the industry level for the States and the Nation include the nondisclosable data suppressed within the detailed tables. However, these totals cannot be used to reveal the suppressed data.

Employment data under the QCEW program represent the number of covered workers who worked during, or received pay for, the pay period including the 12th of the month. Excluded are members of the armed forces, the self-employed, proprietors, domestic workers, unpaid family workers, and railroad workers covered by the railroad unemployment insurance system. Wages regresent total compensation paid during the calendar quarter, regardless of when services were performed. Included im wages are pay for vacation and other paid leave, bonuses, stock options, tips, the cash value of mea1ls and lodging, and in some States, contributions to deferred compensation plans (such as 401(k) plans) .. The QCEW program does provide partial information on agricultural industries and employees in private households.

Data from the QCEW program serve as an important input to many BLS programs. The QCEW data are ·used as the benchmark source for employment by the Current Employment Statistics program and the Occupational Employment Statistics. program. The UI administrative records collected under the QCEW program serve as a sampling frame for BLS establishment surveys.

In addition, data from the QCEW program serve as an input to other Federal and State programs. The Bureau of Economic Analysis (BEA) of the Department of Commerce uses QCEW data as the base for developing the wage and salary component of personal income. The Employment ~nd Training Administration (ETA) of the Department of Labor and the SESAs use QCEW data to administer the employment security program. The. QCEW data accurately reflect the extent of coverage of the State UI laws and are used to measure UI revenues; national, State and local area employment; and total and UI

taxable wage trends.

[ BLS publishes data from the QCEW program every quarter in the County Employment and Wages press release. This is usually released 6 to 7 months after the end of the quarter. The QCEW program· also publishes a subset of its quarterly data through tlie Create Customized Tables system, and full quarterly industry detail data at all geographic levels in ASCII files through our FTP server.

In addition, QCEW publishes the annual bulletin Employment and Wages, Annual Averages about 10 months after the end of the year. The 2002 edition is the first to appear on the internet in its entirety. For more information about this, please see the Publications section of our home page. Also, the

cooperating SESAs issue quarterly and/or annual reports of QCEW data.

Last Modified Date: December 18, 2003