Mettler Toledo

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, at the time of application, was one-hundred and fifty percent (150%) of the Pasco County average annual wage.

An independent report, determined the potential economic benefits of the Mettler-Toledo relocation would lead, directly or indirectly, to the creation of about 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:

Economic Development Agreement
Roadway Agreement

Funding: $7,672,000
a. Roadway infrastructure $3,050,000 (Jobs and Economic Opportunities Trust Fund)
b. Impact, permitting, connection, and mobility fees (Jobs and Economic Opportunities Trust Fund)
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 (Jobs and Economic Opportunities Trust Fund)

Date: 10/14/2016  
Board Approved Action: OEG17-002
Funding: $4,556,000
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.