Tru Simulation intends to construct a 30,000 square foot addition to their existing property located on Northpointe Parkway near the intersection of State Road 54 and the Suncoast Expressway.
Pasco County entered into an Economic Incentive Agreement (EIA) with Tru Simulation which includes incentives for creating 100 new jobs at 115% of the Pasco County Average Annual Wage ($34,385 in 2016) and an Optional Loan for Building Expansion. This provision allows one year for the company to obtain an $800,000 loan from the Jobs and Economic Opportunities Trust Fund to aid them in their expansion and retention efforts.
The economic benefits to Pasco stem from the direct employment of 161 new employees and $30 million in annual sales. These new jobs are expected to bring a cumulative annual wage of $18.5 million. In addition, the induced effects of the project will create an estimated 321 additional jobs in Pasco County. Combined, all of these new jobs generate an average of $47.7 million annually in Gross County Product (GCP).