February 25, 2024

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

ST. LUCIE COUNTY GOALS

> 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.

Jobs
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:
0-14
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]

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