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BUSINESS ASSISTANCE

PROGRAMS & INCENTIVES




Local Incentives

Indian River County, along with the cities of Fellsmere, Sebastian and Vero Beach, offer eligible relocating and expanding businesses a Tax Exemption.  Depending on the type of industry, the number of new jobs and the capital investment, property and tangible taxes could be exempted (or "abated") for up to ten years. Click here for a copy of the application. Please email or call the Chamber's Economic Development office to see how this program can benefit your company, directored@indianriverchamber.com or 772-567-3491 x121. 

To attract new businesses to locate in Indian River County and encourage existing businesses to expand locally, the Board of County Commissioners enacted the Local Jobs Grant program. The program offers eligible "targeted" businesses financial incentives for creating new higher-wage jobs within the County and maintaining those jobs over multiple years.
 
Targeted businesses that create five or more new jobs within the County paying at least 75% of the current county average annual wage are eligible to apply. Qualifying businesses will be paid per job as outlined in the table below. An additional 10% bonus is available for a business that locates within the Indian River County/City of Vero Beach Enterprise Zone


 
 
Percent of Average Wage of New Qualified Jobs
 
 
Grant Amount per New Job Created
 
75% to 99.99% of county average annual wage
 
$3,000 per job
 
100% to 149.99% of county average annual wage
 
$5,000 per job
 
150% or more of county average annual wage
 
$7,000 per job
 

 

 

 

 

 

 

Similiar to the State's Qualified Targeted Industry Tax Refund program (QTI), this is a performance-based program - meaning that the dollars awarded are paid to the company after the jobs are in place.