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Funded Programs and Projects
County Initiated Projects
Pasco County has identified land which can be prepared for specifically targeted economic development projects and, with the Office of Economic Growth Penny for Pasco funds, are proceeding with goals to achieve 'Ready Certification' for these sites:

Interstate 75 & Overpass Road Industrial Area

Zephyrhills Airport Industrial Area Sewer Improvements

Pasco Accelerated Development Sites and Occupant Ready Structures (PADS & PORS)
"Pasco County's anticipated growth by 2025 demands an addition of 600,000 square feet of office space and 1.6 million square feet of industrial space per year." Economic Development Plan

Harrod Properties Asturia, LLC– Cooperative Funding Agreement Loan

54 Venture - Blackwater - Class A Office Shell Building

Pasco County has entered into a $4,000,000.00 agreement through the Pasco Accelerated Development Sites and Pasco Occupant Ready Structures Loan Program (PADS/PORS). This loan may be used for infrastructure, site development, and/or building construction of the office building(s) and office parcel(s).

Interest-only payments will become due on an annual basis once the certificate of occupancy is received for the 35,000 square feet of office space. As part of the incentive, a portion (20% per year) of the principle may be forgiven over the term of the loan if a 90% occupancy of the building is maintained annually. If the occupancy goals are not met, the Company will not receive a reduction in principle over the term of the Agreement. A future loan agreement will be brought before the BCC further detailing the terms, interest rate, occupancy and job creation goals.

The Company also warrants the marketing of all outparcels as office space as part of this Agreement. 

Expansion and Location Projects
Tru Simulation +Training

Optional Loan for Building Expansion
Pasco County entered into an Economic Incentive Agreement with TruSim, which includes a provision for the Company, within one year of execution of the agreement, to obtain an $800,000 loan from the Jobs and Economic Opportunities Trust Fund to aid in the expansion and retention in Pasco County. 

The economic benefits to Pasco stem from 161 new employees and $30 million in annual sales, executive, and administrative activities. In addition to direct employment of 161, with a cumulative annual wage estimated at $18.5 million, the indirect and induced effects of the project will create an estimated 321 jobs in Pasco County. These combined jobs generate an average of $47.7 million annually in Gross County Product.

Mettler Toledo 

Mettler-Toledo will locate operations in Pasco County, construct a 250,000 square foot state of the art manufacturing facility, hire new employees for their expanding operations, paying 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, and relocate certain business operations from other states to Pasco County. 

An independent report, conducted for the Pasco Economic Development Council to determine 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 to direct and indirect workers in the amount of approximately $41 million, and add approximately $79 million to the Gross County Product. 

This project will serve as a catalyst for the future office and high tech development in the State Road 54 and Suncoast Highway (State Road 589) corridors, identified as part of the Gateway Crossings Market Area in Pasco County, will enhance local employment opportunities for Pasco County’s residents, reduce reliance on regional commuting, and promote the overall economic welfare of the area. 

The proposed Economic Incentive Agreement commits Pasco to provide numerous economic and other development incentives, including funding for the extension of Northpointe Parkway, that will contribute to the overall financial feasibility of the project, assure expeditious development and development review of the project, leverage other sources of investment, and make Pasco County the most competitive location for the project. 

Roadway Agreement
Economic Development Agreement

Funded Programs, Services, and Workforce Development
Pasco Economic Development Council - Cooperative Funding Agreement

Pasco County has entered into a funding agreement with the Pasco Economic Development Council (Pasco EDC) for additional economic development services using $2,983,000 in funding from the JEO Trust Fund. The agreement funds the following programs or services: 

1. Pasco Ready Sites Program. These services will assess the site readiness toward site certification for a total of 2,500 acres of prospective industrial land. Funds will be used to identify potential sites, assess the current level of readiness of those sites, and report the required improvements necessary to bring those sites to certified levels according to industry standards. This program will identify impediments, potential remedies, and further investments in the improvements needed on identified sites for the following outcomes: 

a. Market certified sites nationally and internationally.

b. Build recognition and the reputation that Pasco County is serious about recruiting world-class companies and has the solutions for business growth needs. 

c. Enhance relationships with premier site selection firms so that Pasco County is viewed as a leader in the Tampa Bay Area for available & ready sites. 

2. International Program. These services will build an international trade program designed to increase export opportunities for Pasco based businesses, including the identification of new international markets, sharing trade leads, providing assistance with obtaining Gold Key matchmaker grants related to international trade missions and trade shows. In addition partnerships will be established to attract foreign direct investment and establish Pasco based operations by international companies. The International Development Program is based on three building blocks:

a. Assisting Pasco companies to identify and capture sales opportunities through international trade. 

b. Marketing Pasco County benefits to foreign companies in targeted industries and countries around the world to influence their location decisions in the United States and to capture a share of those projects. 

c. Cataloging community resources, educating community leaders, workers, and residents with respect to foreign trade, investment and cultures, and organizing and growing community capacity.

3. Entrepreneurship Program. These services include programing for businesses from start-up to mature growth companies located in Pasco County. Services will be coordinated among various business development organizations in Pasco and include proven systems for the development of successful businesses, Economic Gardening, and direct business education and development services, including:

a. CO.STARTERS Business Development

b. CEO Round Tables/SPARC Business Framework 

c. Business Incubators 

d. Pasco Microloan 

e. Pasco Enterprise Network 

4. Enhanced Marketing Program. These services include an integrated marketing program for Pasco County for Business Attraction, Business Retention and Expansion, Entrepreneurship, and Workforce attraction marketing. Marketing efforts will focus on decision making business executives as our primary target audience with site selection consultants as an important secondary target and to increase the likelihood of Pasco County being included on business relocation “short lists.” 

Amskills - Industry Certification Training Center 
Apprenticeship Program

In 2013, the Tampa Bay Regional Planning Council performed a Manufacturing Gap Analysis and identified an inability for Tampa Bay manufacturers to promptly fill vacancies for machinists, engineers, and other skilled technical positions. As a solution, the AmSkills (ICTC) intergovernmental agency was created to develop a local technical workforce to meet the demands of existing Tampa Bay manufacturers, and to help attract advanced manufacturing companies to the Tampa Bay area in the future based upon a German & European dual education model. 

The German dual education/apprenticeship model blends academic and practical hands-on education training experience, and allows students to transition from the classroom directly into advanced manufacturing and engineering careers. This model has been utilized in Europe and Germany and other international and United States locations to successfully create a highly skilled workforce, fill manufacturing job vacancies, attract new manufacturers, and strengthen local economies. 

On March 11, 2014, the BCC passed Resolution 14-120 and entered into an Interlocal agreement with Pinellas and Hernando Counties to form the Industry Certification Training Center (ICTC) Governing Board. The ICTC Governing Board is considered a public agency and separate legal entity from the parties to the agreement pursuant to Section 163.01, Florida Statutes, and has a term of five years with automatic renewal and the right to amend or reaffirm the terms of the agreement. As part of the passage of Resolution 14-120, the BCC committed to a seed funding match, not to exceed $200,000 in FY16 and not to exceed $200,000 in FY17.  

The ICTC program was awarded another grant for $200,000 to continue youth pre-apprenticeship training and expand the program to also include adults.  These apprenticeship candidates will be ready for job placement in 4 to 6 months.

These programs expect to have a minimum of 6 youth and 24 adult job ready candidates per year.