The medical service sector derives most of its income from county residents and government transfers. An example of a company that adds wealth to the community is the New Piper Aircraft. They pay high wage jobs and their revenues are generated outside Indian River County. Piper employs nearly 1,500 people, larger than the next 20 industrial companies combined. Altogether, light industrial companies represent less than 6 percent of the county's total workforce.
Companies make relocation decisions based on cost, time and attitude.
He explained that the cost of relocation, especially to a manufacturing company, is enormous. That is why incentives are so important to companies making relocation decisions. In the long run, communities make back these incentives many times over. Whereas relocation decisions at one time might have taken years, today the typical company decides in about 90 days. They are looking for industrial parks and turn-key spec buildings in order to complete their relocation as quickly as possible.