TouchPoint Medical is a global leader of medical equipment manufacturing and engineering providing quality, safe, and secure solutions to hospitals and health care facilities in over 60 countries. Through negotiations and teamwork, TouchPoint Medical, Incorporated (TouchPoint) was offered a competitive Economic Incentive Agreement, approved by the Board of County Commissioners, to relocate and consolidate their operations within Pasco County.
This $23.8 million capital investment project will provide TouchPoint with a new 125,000 square foot international headquarters and United States manufacturing operations facility within the South Branch Ranch MPUD at the intersection of State Road 54 and the Suncoast Parkway.
TouchPoint expects to open their doors in late 2019 with a total of 228 new jobs to Pasco County, 116 of which will be new to Florida. The average annual wage for these jobs is estimated at 150% ($57,500) of the current County average which qualified TouchPoint for the Florida Qualified Target Industry (QTI) Tax Refund Program and Pasco County’s Job Creation Incentive (JCI) Program.
Overall, the total incentive package estimated worth is $1.7 million.
Date: 6/19/2018
Board Approved Action: OEG18-1024
Funding: ~$1,694,000; JEOTF: $250,000
Description: This project intends to build 125,000 square feet of light industrial and corporate office space and to hire 116 new to Florida jobs, but house a total of 298 employees.
Rapid Response Team and Permit Approvals
Permitting Fees $150,000
JCI and QTI local Match $464,000
High Impact Bonus - 10 year rebate estimated at $980,000
Training Funds $100,000
Payment Terms:
JCI – payment within 90 days of receipt the documentation, less the QTI match
HIB – payment after CO, jobs created and maintained for the calendar year, receipt of current real and tangible taxes
Training Funds – payment as a reimbursement for employee training costs