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Economic Development Council of St. Lucie County County

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Economic Development Council of St. Lucie County County INDIAN RIVER COUNTY OKEECHOBEE COUNTY ST. LUCIE ECONOMIC DEVELOPMENT COUNCIL OF ST. LUCIE COUNTY COUNTY MARTIN COUNTY ECONOMIC DEVELOPMENT COUNCIL OF ST. LUCIE COUNTY Table of Contents Why St. Lucie County? 1-2 Population and Workforce 3 Treasure Coast Industries and Employers 4–8 St Lucie Labor Cost Comparison 9 Taxes and Incentives 10–11 Education 12–16 Transportation and Utilities 17–18 Housing and Healthcare 19–21 Quality of Life 22-23 Contact 24 B ECONOMIC DEVELOPMENT COUNCIL OF ST. LUCIE COUNTY There are many reasons to choose St. Lucie County, WHY Florida as a place to relocate, expand or open your business. The area economy has evolved into a blend of diverse sectors that include manufacturing, ST. LUCIE aviation, agriculture, tourism, research and development, professional and technical services, construction, healthcare, and retail. Here are just some COUNTY? of the top reasons to choose St. Lucie: MARKET STRENGTH: St. Lucie County has the requisite location, business environment and workforce to be one of the best performing communities in the nation for the very foreseeable future. COMPETITIVE BUSINESS COSTS: Florida’s stable and highly favorable tax climate provides advantages that make a Florida location profitable for every type of business. The cost of doing business in St. Lucie County is less expensive than many competing locations: facility costs are lower, labor costs are lower, corporate taxes are lower and cost of travel is lower. AFFORDABLE LIVABILITY: Florida has no state income tax. Additionally, St. Lucie County has a variety of housing options, from mixed-use, to waterfront enclaves, to quaint gated communities -- offering many affordable choices. Unlike our overcrowded neighbors to the north and south, St. Lucie County is a low-density, low-crime, livable community with small-town charm and all the amenities of a large city. St. Lucie County boasts strong educational resources and institutions as well as exceptional healthcare services and facilities. When new residents move here they put down roots quickly and feel as though they’ve lived here forever. TALENT RICH: The area economy is a blend of emerging life science R&D with traditional manufacturing, agriculture, tourism and services. The County is host to Indian River State College, an institution that has won national recognition for excellence and innovation applied toward training and education. Also accessible from St. Lucie County are seven major higher educational institutions with more than 150,000 students. 1 ECONOMIC DEVELOPMENT COUNCIL OF ST. LUCIE COUNTY Our strong partnerships with the real estate community give us access to industry- leading intelligence that will help in your relocation decision. TRANSPORTATION CONNECTIVITY: Direct access to I-95 and Florida’s Turnpike, rail access, general aviation airport with U.S. Customs – Treasure Coast International St. Lucie County is only Airport, and direct global air access through multiple 120 miles from Miami and international airports. 120 miles from Orlando Orlando SKILLED WORKFORCE: St. Lucie County has a diversity of industries and a highly skilled laborforce. The County has a population of over 280,000 and has experienced growth of over 40% since 2000. The County’s total labor force was INDIAN RIVER 131,041 in January 2015, an increase of 750 from the previous COUNTY Vero Beach OKEECHOBEE Fort Pierce year. Total industry employment is projected to increase COUNTY ST. LUCIE by 13.2 percent to 235,177 jobs in the workforce region COUNTY Port St. Lucie Stuart containing St. Lucie County between 2014 and 2022. MARTIN COUNTY West Palm Beach For more detailed demographic, community and economic information on St. Lucie County, Florida, please visit www.youredc.com. Miami 2 44% 30% ECONOMIC DEVELOPMENT18% COUNCIL OF ST. LUCIE COUNTY 9.7% DEMOGRAPHICS ST LUCIE COUNTY TREASURE COAST FLORIDA UNITED STATES Jobs by Age Group and Educational Attainment Population 2014Q3, Beginning of Quarter Employment Counts 2014** 2010 Age 24 and younger Age 25-54 Age 55 and Older 107,323 4.87M ST. LUCIE COUNTY 291,028 277,789 40,034 TREASURE COAST* 628,324 602,131 43,326 FLORIDA 19,893,297 - 15,235 1.69 M 7,384 20,159 .90M U.S. AVERAGE 318,857,056 - ST. LUCIE COUNTY TREASURE COAST* FLORIDA Population Growth from 2000–2010 Less than high school High school or equivalent, no college Some college or Associate degree Bachelor's degree or advanced degree Educational attainment not available (workers aged 24 or younger) 44% 48,280 17,624 42,438 2.07M 15,436 36,389 1.80M 13,393 1.61M 8,817 23,542 1.07M 30% 7,384 20,159 .90M 18% ST. LUCIE COUNTY TREASURE COAST* FLORIDA 9.7% Source: QWI Explorer application, U.S. Census Bureau, qwiexplorer.ces.census.gov Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics, August 2015. ST LUCIE COUNTY TREASURE COAST FLORIDA UNITED STATES ST. LUCIE MSA INDUSTRIES AND EMPLOYERS Median household income July 2015 (Not Seasonally Adjusted) (in 2013 dollars), 2009-2013 Education and Trade, Transportation, Health Services and Utilites Age 24 and youngerST. LUCIE COUNTY Age 25-54 $43,413Age 55 and Older 18.2% 22.7% TREASURE COAST* 107,323 $43,1 50 4.87M 40,034 FLORIDA $46,956 Information U.S.15,235 AVERAGE 43,326$53,046 1.69 M Leisure and 1.1% 7,384 20,159 .90M Hospitality Financial Activities Source: 2010 Census and 2010-2014 QuickFacts Estimate, 13.2% 3.9% ST. LUCIE COUNTY8/6/15 TREASURE COAST* FLORIDA Manufacturing 4.2% Other Services Less than high school High school or equivalent, no college Some college or Associate degree Size of Workforce Total 5.5% Bachelor's degree or advanced degree Educational attainment not available (workers aged 24 or younger) Government 12.5% Mining, Logging, ST. LUCIE COUNTY 48,280 131,041 and Construction 17,624 42,438 2.07M Professional and 15,436 36,389 1.80M Business Services 6.3% 13,393TREASURE COAST* 280,405 1.61M 12.5% 8,817 23,542 1.07M Source:7,384 Florida Department of Economic20,159 Opportunity, Bureau .90M of Labor Market Statistics, December 2014. Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Employment Statistics Program, released Aug. 21, 2015. Prepared by: Florida Department of Economic Opportunity, Bureau of Labor Market Statistics. ST. LUCIE COUNTY TREASURE COAST* FLORIDA * Treasure Coast includes Indian River, St. Lucie, Okeechobee and Martin Counties. **The vintage year (e.g., V2014) refers to the final year of the series (2010 thru 2014). Different vintage years of estimates are not comparable. 3 ECONOMIC DEVELOPMENT COUNCIL OF ST. LUCIE COUNTY Treasure Coast Manufacturing Sector & Employers Manufacturers in the area produce a diverse array of products, ranging from complete aircraft and aerospace components to specialty lift truck, sport fishing yachts, small shallow draft fishing boats, citrus juices, flour for the baking industry, fabricated parts from multiple materials, electronic components and other products. Manufacturing Sector Employment* Major Employers (Scope of Business) City Transportation Equipment 2,260 Motor Vehicles • Stamm Manufacturing (high lift trucks) Fort Pierce • Phoenix Metal Products (platform lift trucks) Fort Pierce Aerospace • Triumph Aerostructures-Vought (aircraft Stuart component parts) • Piper Aircraft, Inc. (general aviation aircraft) Vero Beach Boats • American Custom Yachts (sport fishing yachts) Stuart • S2 Yachts (sport fishing yachts) Fort Pierce • Maverick Boat Co. (shallow draft fishing boats) Fort Pierce • Dragonfly Boats (yacht tenders, skiffs, paddle Vero Beach boats) Food Manufacturing 886 Tropicana (orange juice operations) Fort Pierce Indian River Citrus League (15+ companies that pack Vero Beach and distribute grapefruits and related products) Natalie’s Orchid Island Juice Fort Pierce (juice manufacurer) Bay State Milling Co. Indiantown (flour milling and distribution) McArthur Farms (milk manufacturing) Okeechobee Lykes Ranch (cattle farming) Okeechobee Computers/Electronics 573 EMC Technology & Florida RF Labs (radio frequency Stuart and micro-wave resistive components) Semi-Conductor Technology Inc. (high voltage Stuart N-Channel mosfet and high voltage NPN/PNP transistors) Advanced Systems Research Inc. (cryogenic Palm City components for R&D) Bee Electronics (nylon, leather, etc. cases for Fort Pierce electronic equipment) 4 ECONOMIC DEVELOPMENT COUNCIL OF ST. LUCIE COUNTY Treasure Coast Industry Sectors & Employers Manufacturing Sector Employment* Major Employers (Scope of Business) City Machinery 405 Profold (mailing, folding and card finishing Sebastian equipment) Parker-Hannifin (industrial hose) Vero Beach Hi-Tide Boat Lifts (boat lifts) Fort Pierce Booth Manufacturing (pressure sensitive labeling Fort Pierce machinery) Nonmetallic Mineral 524 Florida Custom Surfaces (granite, marble and Palm City Products quartz surfaces) CEMEX (cement/concrete-related products) Fort Pierce Airlite Processing Corporation (perlite) Vero Beach Printing-Related 350 Treasure Coast Newspapers Port St. Lucie Southeastern Printing Company Stuart (commercial printer) Multi Color Printing (commercial printer) Stuart Kinane Printing (commercial printer) Stuart Aztec Graphics (commercial printer) Fort Pierce Plastics/Rubber Products 330 East Coast Plastics (contract plastic molder) Port St. Lucie CAM Components Co. (plastic sign fabricator) Stuart Stuart Plastics (plastic sign fabricator) Stuart T5 Product Development (countertops, cabinets Stuart and surfaces) Atlantic Precision (contract injection molder) Port St. Lucie 5 ECONOMIC DEVELOPMENT
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