Economic Development Plan
Today, economic development is truly about enhancing quality of life through
- increasing per capita wages
- workforce training
- enhancing infrastructure
- enhancing natural resources
Furthermore, economic development encompasses
- business attraction
- business expansion
- business retention
- community development
- workforce development
- environmental protection
The Pasco County Economic Development Plan (EDP) is a living document that serves as the primary tool for the implementation of the Stimulate Economic Growth element of the County's Strategic and Comprehensive Plans.
The EDP identifies goals, and implementation actions for the County to pursue as it enacts business retention, expansion, and attraction efforts, supports a fiscally healthy government, realizes key development projects across the County, and makes Pasco a better place to live and work.
Goal 1: Tell the Pasco Story
Pasco will tell the story of its aspirations and achievements in a bold and creative way that draws positive regional, national, and international acclaim.
Goal 2: Encourage Continued Positive Growth
Pasco will use its resources and authority to become one of the most competitive business environments in the Southeast United States.
Goal 3: Grow Businesses
Pasco will relentlessly pursue new partnerships and alliances to create a robust, connected entrepreneurial culture.
Goal 4: Grow Pasco’s Workforce
Pasco will educate, train, and attract a top-notch workforce to support its employment base and propel targeted economic sectors.
Goal 5: Enhance Pasco’s Quality of Life
Pasco will create and maintain state of the art community services and facilities including education, recreation, cultural and tourism-related amenities while enhancing our environmental resources.
Through the analysis and stakeholder participation driven by the vision statement, the development of goals and objectives were based upon the four following principles:
One: To effectively pursue economic growth, the community must better manage its total economic process (business development, tourist development, community development and workforce development). A new emphasis on thinking and acting as a unified county, requiring better cooperation between cities, the county and private sector, and as a multi-county (MSA) region.
Two: The county’s economic development efforts must refocus attention on programs to support existing business and existing job skills. Further economic diversification is also needed, through continued development of Manufacturing, Hospitality, Distribution, Health Care and Knowledge-Based Commerce; through aggressive, targeted business attraction programs; and through expanded support for entrepreneurs and growth in our midst.
Three: Significantly greater funds must be invested over the next decade in adult workforce development and education, public infrastructure, and managing and marketing this sustainable economic development program.
Four: To achieve effective and consistent leadership for planning, infrastructure investment and the delivery of other public services to support economic development, cooperation among all stakeholders will be required. Economic Growth & Diversification and Environmental Protection must proceed hand-in-hand.
Initiatives have been identified throughout the EDP to address most of the County’s opportunities for future growth. However, funding these proposals will not be easy. Although the County has committed significant resources, other public and private resources (state, regional and national) will be required to fully implement the EDP.
The attention of civic and private sector leaders must now focus on ensuring that the community has viable mechanisms to harness the public and private resources at hand, to develop additional resources, and to deploy them in a way that will make a tangible difference in the future performance of Pasco’s economy.
Each of these goals have numerous objectives and strategies, countywide and by individual market areas, which provide the means of attaining their results.
This EDP is very comprehensive. It should be noted that there is considerable overlap between goals, objectives and strategies and that responsibility for the objectives/strategies involves a host of public and private stakeholders.