Funded Projects and Programs
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:
Pasco Accelerated Development Sites (PADS) - The foundation for development.
Pasco Occupant Ready Structures (PORS) - Move in and customize your building space.
"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
Growing our businesses and attracting more
Mettler Toledo - Relocated to Pasco County
TouchPoint Medical, Incorporated - Relocating & joining their global headquarters and manufacturing operation facilities
Tru Simulation + Training - Expanded their Pilot Training Center
Welbilt FSG U.S. Holdings - Expanding to include Corporate Offices onsite
The Pasco County Board of County Commissioners has approved an Amended and Restated Funding Agreement with the Pasco Economic Development Council (Pasco EDC) for additional funding in FY2018/2019 and a two year extension, beyond the original cooperative funding agreement. This agreement provides additional funding, in the amount of $2,028,000 from the JEO Trust Fund, to execute the following programs and services:
1. Pasco Ready Sites Program: Identify, evaluate, preserve and market available land for targeted industries.
2. Entrepreneurship Program: These services, collectively known as the SMARTstart program, includes business support programs from start-up to mature growth companies located in Pasco County. Services will be coordinated among various business development organizations and include proven systems for the development of successful businesses, direct business education, and development services:
a. CO.STARTERS - A cohort to support business development
b. CEO Round Tables - Collaborate with industry CEOs in a confidential setting to exchange insights on business, industry and leadership.
c. Business Incubators - Connect with your customers in a professional office space.
d. Pasco Microloan - Apply for a low interest small business loan.
e. Pasco Enterprise Network - A partnership of successful business people and resources for counseling and advice.
3. International Foreign Direct Investment (FDI) Program: Attract and assist international companies looking to expand or relocate to Pasco County.
4. International Trade Program: Provide awareness and assistance to Pasco County companies interested in importing and exporting in international markets.
5. Pasco Pipeline Program: This three year pilot program intends to bridge the workforce gap between employers and potential employees. The talent pipeline website will use multiple data collection platforms to provide a central resource that matches corporation and industry needs to residents with the required workforce skills and training.
American Manufacturing Skills Initiative (AmSkills) & Industry Certification Training Center (ICTC) Apprenticeship Program Opens a New Window.
On March 11, 2014, the BCC passed Resolution 14-120 Opens a New Window. and entered into an interlocal agreement with Pinellas and Hernando Counties to form the Industry Certification Training Center (ICTC) Governing Board.
Pasco County committed to the following funding:
FY 2016 $200,000
FY 2017 $200,000
FY 2018 $200,000
FY 2019 $175,000
The AmSkills story continues on our workforce development page.
As a result of heightened public demand for job skills and job placement, and Pasco Hernando CareerSource's goal surpassing performance, the Board of County Commissioners, at its July 9, 2019 meeting, unanimously approved extending the Workforce Re-Entry Program agreement for an additional $700,000 in funding support and one year to continue the training and job placement of, at minimum, one-hundred new participants. with the Workforce Re-Entry Program.
The Board of County Commissioners and the Pasco Hernando Workforce Board (CareerSource) first entered into the Workforce Re-Entry Program funding agreement for $350,000 on September 17, 2018. The Program’s goal was to train and secure sustainable full-time employment for fifty adult Pasco County residents who were either underemployed or desired to re-enter the workforce. In less than a year’s time, fifty-two County residents secured full-time employment through this Program, exceeding the original Program objective.
The funds for this program have been provided by Pasco County's Jobs and Economic Opportunities Trust Fund (from Penny for Pasco).
The Workforce Re-Entry Program story continues on our workforce development page.
- Loan Amounts: The maximum loan amount is determined by the project, not to exceed $120,000. For every $60,000 funded, the borrower must create or save one full-time job.
- Loan Term: The loan term will be based on the borrower’s ability to repay, generally 60 months.
- Promissory Note: Prior to receiving program funding, approved loan recipients must execute a Promissory Note with Pasco County.
Eligible funding uses:
- Alterations or modifications that follow the State of Florida guidelines and CDC Safety Measures.
- Repairs and modifications of existing facilities that are capital in nature.
- Making accommodations for vulnerable populations.
- Improve blighted properties to ensure customers feel safe to support a resilient local economy.
- Create new or retain full-time employment opportunities for low- and moderate-income eligible areas negatively affected by the COVID-19 Pandemic.
Who is eligible to apply for the Redevelopment Loan Program?
Registered Businesses, Non-Profit Organizations and property owners with locations in Pasco County are eligible for the loans. Eligible businesses cannot have a delinquent debt to the County and must be current on all permits, licenses, fees and taxes. For each loan, borrowers must make capital improvements to the property, which may include bringing site improvements up to existing code.
What is the process to apply for the Redevelopment Loan Program?
- Submit a Formal Application (Documented ownership of the property or interest in the property if a business has a long-term lease, if written approval for alternations is provided by the property owner of record.)
- Credit Report RLP financing is intended to assist firms with special credit problems, and therefore may involve greater risks and more lenient terms than commercial lenders may provide. It is not intended to match or replace the capacity of banks. Instead, it is designed to fill gaps in local credit markets and provide for and attract capital investments for qualified projects.
- A brief narrative explaining how the project is related to COVID-19.
- Provide Scope of Work to be completed, along with the costs associated with the project.
- Must follow all U.S. Department of Housing and Urban Development (HUD) guidelines including the Davis-Bacon ACT (prevailing wages).
What are the benefits of utilizing the Redevelopment Loan Program Funds for eligible improvements?
- increase in Property Values
- Reduce Health and Safety Issues
- Maintain a Sustainable Business That Survives in the COVID-19 Economy
- Improve Business Reputation
- Support Neighborhood Growth
- Increase Job Creation Opportunities for area residents
Applications will be received, reviewed and checked for eligibility and then vetted through Pasco County’s Office of Economic Growth.
* Pasco County reserves the right to request and require any further information deemed necessary in order to decide as to whether to approve an application under this program.
Pasco County Office of Economic Growth
West Pasco Government Center
8731 Citizens Drive, New Port Richey, FL 34654
16506 Pointe Village Drive, Suite 101
Lutz, FL 33558
Contact Us | Office of Economic Growth
8731 Citizens Dr. Suite 350 | New Port Richey, FL 34654
David Engel | Economic Growth Director | firstname.lastname@example.org | 727-815-7092 x8274
Steve Smith | Business Analyst | email@example.com | 727-815-7092 x8829