October 25, 2016

Economic yearbook 2011

Treasure Coast - Yearbook

Mike Vogel | 4/1/2011

Economic developers now call the region the Research Coast — and with good reason: Torrey Pines and the Vaccine & Gene Therapy Institute are promising to diversify the economy.

The Treasure Coast


> Raise awareness of the economic importance of the agriculture industry to St. Lucie County.

> Diversify the county's economic base.

> Reduce the inventory of unsold homes.

MSA DEC. 2010 DEC 2009 % Change Jobless Rate
Port St. Lucie
161,679 161,133 +0.3% 13.4%
Sebastian Inlet
Vero Beach
53,799 53,663 +0.3% 13.6%
Source: Agency for Workforce Innovation

Homes Single-family, existing-home sales by Realtors
MSA Jan. 2011 Sales 1-Year Change Jan. 2011 Price 1-Year Change
Fort Pierce/
Port St. Lucie
345 -25% $98,800 -2%
Source: Florida Realtors

St. Lucie Population: 281,452
Population Growth Rate (2007-11): 1.62%
Population by Age:
15-19 20-39 40-64 65+
18.8% 5.8% 22.9% 32.1% 20.4%
Per Capita Income: $29,676

Jay Nelson, director, Vaccine & Gene Therapy Institute of Florida
Director Jay Nelson, at the site of the Port St. Lucie campus of the Vaccine & Gene Therapy Institute of Florida, an offshoot of an Oregon research center. Its 100,000-sq.-ft. facility, focused on HIV/AIDS, cancer and infectious diseases, joins nearby Torrey Pines Institute for Molecular Studies as the county's life science cluster. VGTI got $60 million in incentives from the state and $53 million in infrastructure development from the city. The campus, scheduled to be completed in 2012, is seen as an important step in diversifying the county's economy.
[Photo: Steve Martinel]

Tags: Treasure Coast

Digital Access

Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

An overview of the features and articles in this month's issue of Florida Trend.


Florida Business News

Florida Trend Video Pick

Construction Crews Cheer on Patients
Construction Crews Cheer on Patients

While construction at Johns Hopkins All Children's research and education building is underway, workers help to cheer on patients going through infusion treatments with a dance party.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

About voting in the November election, will you:

  • Vote by mail
  • Vote early in person
  • Will vote on election day, at my precinct
  • N/A - not voting

See Results

Ballot Box