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METTLER TOLEDO won Pasco EDC's Business of the Year for the large business category:
Mettler Toledo' s Ms. Margie Custin, Head of Customer Service, America, and Mr. Harry Seibert, Head of Sales accept the award from Mr. Bill Cronin, President and CEO of Pasco EDC, and Keith Appenzeller, CEO of King Engineering.
Their product inspection systems are used by manufacturers in many industries, including food, beverage, pharmaceutical, nutraceutical, personal care, plastics and chemicals, to ensure the total quality of their products and improve the efficiency of their manufacturing and packaging processes.
Mettler Toledo is a Pasco EDC Award Finalist for their outstanding economic growth accomplishments in Pasco County, 2018. The final winners will be announced and recognized at the Pasco EDC 32nd Annual Awards and Trade Show at the Saddlebrook Resort and Spa, September 6th. All nominees were scored based on company growth, leadership in current business issues, and corporate citizenship.
3/29/2018 Mettler Toledo Ribbon Cutting
Mettler-Toledo located it's operations in Pasco County, constructed a 250,000 square foot state of the art manufacturing facility, hired new employees for their expanding operations, and pays an average annual wage (for all jobs created) of at least $51,578 which is one-hundred and fifty percent (150%) of the Pasco County average annual wage.
An independent report, conducted for the Pasco Economic Development Council determined the potential economic benefits afforded by Mettler-Toledo locating to Pasco County, found that the project would lead either directly or indirectly to the creation of approximately 775 new jobs, provide salaries (direct and indirect) of approximately $41 million, and add approximately $79 million to the Gross County Product.
The approved Economic Incentive Agreement commits Pasco to provide numerous economic and development incentives:
a. Roadway infrastructure $3,050,000
b. Impact, permitting, connection, and mobility fees
c. QTI local match $555,000
d. JCI $1,972,000
e. HIJCB 75% of project’s tax for 10 years
f. Training Funds $200,000
Board Approved Action: OEG17-002
Description: Complete the extension of the NorthPointe Parkway roadway as a four lane divided public roadway for 1,673 feet with a maintenance and warranty agreement for three years.
Payment: Jobs and Economic Opportunities Trust Fund: $7,672,000
Job Creation Incentive (JCI) 25% for 4 years after the 1st year of documentation; payment within 90 days of receipt the documentation, less the QTI match
High Impact Job Creation Bonus (HIJCB) after Certificate of Occupancy, jobs created and maintained for the calendar year, receipt of current real and tangible taxes
Training Funds a reimbursement for employee training costs.
Description: Mettler Toledo is open for business!
Board Approved Action: OEG18-1012
Description: Mettler Toledo Roadway Agreement Amendment: This amendment did not require additional funding. The construction actual costs were lower than estimated, therefore making the design and permitting costs a higher percentage of the project. This agreement amendment was to change the design and permitting % cap to fit the new, overall lower project cost.
Description: All taxes paid; QTI payment made to the State of Florida
Board Approved Action: NI17-448
Description: 07/06/2017 sign Payment Bond with B. R. W. Contracting, Inc. and Allied World Insurance Company for the Northpointe Parkway Extension
Board Approved Action: REA17-064
Description: Accept the deed and easements, adopt the resolution canceling taxes, and execute the resolution