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2012 Florida Economic Yearbook
Treasure Coast Economic Indicators
Stuart/Martin County
![]() Digital Domain moved into its new 150,000-sq.-ft. facility this year in St. Lucie County. [Photo: Eric Hassert/Scripps Treasure Coast newspapers] |
American Energy Innovations in Stuart was founded a year ago to make wind turbine blades for the small and community-based wind power market. Martin County wants more such manufacturing enterprises to lessen its dependence on retirees, real estate and snowbirds. Service, computer support and social media businesses predominate among startups; the building trades remain devastated. American Energy shows how far the county has to go. In January, managing member Phil Catsman was expecting to boost employment significantly above the 40 then working there. But by March it had a major layoff.
Martin Population: 149,984 | ||||
Population Growth Rate (2008-12): 0.96% | ||||
Population by Age: | ||||
0-14 | 15-19 | 20-39 | 40-64 | 65+ |
13.92% | 5.31% | 17.63% | 34.92% | 28.22% |
Per Capita Income: $59,546 |
Vero Beach/Indian River County
![]() Castlow |
Businesses to Watch
» INEOS Bio and New Planet Energy: A taxpayer-supported $130-million energy plant, a joint venture of INEOS Bio and New Planet Energy, is projected to be completed this year, producing 8 million gallons of ethanol and six megawatts of electricity per year, enough for 1,400 households, from yard, vegetative and household wastes. It will generate about 50 jobs once it is operational.
Indian River Population: 142,038 | ||||
Population Growth Rate (2008-12): 1.04% | ||||
Population by Age: | ||||
0-14 | 15-19 | 20-39 | 40-64 | 65+ |
15.08% | 5.63% | 18.20% | 32.97% | 28.12% |
Per Capita Income: $58,160 |