Business Incentives
Business Incentive
Pasco County's Job Creation Incentive Funding Program
Pasco County Board of County Commissioners adopted the Pasco County Job Creation Incentive Ordinance 10-8 (PDF) to promote the attraction and expansion of target industries or businesses within Pasco County by providing cash payments directly to the Company.
Primary targeted industries, whether new to Pasco County or expanding their existing company, may be eligible for incentive payments, when creating new full-time positions.
Prior to making a location decision or hiring new employees for expansion projects, please contact the Pasco Economic Development Council to fill out an application for the Pasco County Job Creation Incentive.
Companies must meet one or both of the following industry classifications and meet the job creation requirement:
Must sell at least 51% of products or services outside of Pasco County (and specifically excluding all retail activities, utilities, mining and other extraction or processing business, and activities regulated by the Division of Hotels and Restaurants of the Department of Business and Professional Regulation) and which have been certified as a Primary Target Industry.
Job Creation Requirements: The project must result in a minimum of 10 new, full-time, jobs (W-2) in Pasco County within one year of the project completion. This award can be used in addition to any qualifying State program.
Mobility Fees
Mobility Fees were formerly known as "impact fees".
Did you know if you are a target industry, there are no Mobility Fees to pay the County when you locate or expand your business? Learn more about our Mobility Fees.
Ready Sites Infrastructure Program
Pasco County provides innovative economic assistance programs to assist industrial developers and Primary Target Industries reduce project costs through public funding for targeted infrastructure improvements. This program is especially helpful reducing the financing burden for roadway stormwater and utility infrastructure costs for required offsite public improvements.
Learn more about Pasco County's Ready Sites Infrastructure Program.
Pasco County Board of County Commissioners adopted the Pasco County Job Creation Incentive Ordinance 10-8 (PDF) to promote the attraction and expansion of target industries or businesses within Pasco County by providing cash payments directly to the Company.
Primary targeted industries, whether new to Pasco County or expanding their existing company, may be eligible for incentive payments, when creating new full-time positions.
Prior to making a location decision or hiring new employees for expansion projects, please contact the Pasco Economic Development Council to fill out an application for the Pasco County Job Creation Incentive.
Companies must meet one or both of the following industry classifications and meet the job creation requirement:
- Qualified Target Industry: Businesses serving multi-state and/or international markets and that create new jobs at greater than the annual average wage of Pasco County.
- Primary Target Industry is defined as:
Must sell at least 51% of products or services outside of Pasco County (and specifically excluding all retail activities, utilities, mining and other extraction or processing business, and activities regulated by the Division of Hotels and Restaurants of the Department of Business and Professional Regulation) and which have been certified as a Primary Target Industry.
Job Creation Requirements: The project must result in a minimum of 10 new, full-time, jobs (W-2) in Pasco County within one year of the project completion. This award can be used in addition to any qualifying State program.
Mobility Fees
Mobility Fees were formerly known as "impact fees".
Did you know if you are a target industry, there are no Mobility Fees to pay the County when you locate or expand your business? Learn more about our Mobility Fees.
Ready Sites Infrastructure Program
Pasco County provides innovative economic assistance programs to assist industrial developers and Primary Target Industries reduce project costs through public funding for targeted infrastructure improvements. This program is especially helpful reducing the financing burden for roadway stormwater and utility infrastructure costs for required offsite public improvements.
Learn more about Pasco County's Ready Sites Infrastructure Program.
The tax credit is easy to receive:
The Florida Community Contribution Tax Credit Program (CCTCP) provides a financial incentive to encourage businesses to make donations toward approved community development and low-income housing projects.
The business may receive a tax credit up to 50 percent of the value of the donation!
Businesses may take the credit on Florida corporate income tax, insurance premium tax or as a refund against sales tax (for businesses registered to collect and remit sales taxes with the Department of Revenue).
Explore Florida’s Statewide Incentives
- Are you a business?
- Are you located in Florida?
- Do you want to give back to the community?
The Florida Community Contribution Tax Credit Program (CCTCP) provides a financial incentive to encourage businesses to make donations toward approved community development and low-income housing projects.
The business may receive a tax credit up to 50 percent of the value of the donation!
Businesses may take the credit on Florida corporate income tax, insurance premium tax or as a refund against sales tax (for businesses registered to collect and remit sales taxes with the Department of Revenue).
Explore Florida’s Statewide Incentives
Quick Response Training Program (QRT)
Quick Response Training (QRT) - an employer-driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. A state educational facility - community college, area technical center, school district or university - is available to assist with application and program development or delivery. The educational facility will also serve as fiscal agent for the project. The company may use in-house training, outside vendor training programs or the local educational entity to provide training. Reimbursable training expenses include: instructors'/trainers' wages, curriculum development, and textbooks/manuals. This program is customized, flexible, and responsive to individual company needs. To learn more about the QRT program, visit Workforce Florida.
Incumbent Worker Training Program (IWT)
Incumbent Worker Training (IWT) - a program that provides training to currently employed workers to keep Florida's workforce competitive in a global economy and to retain existing businesses. The program is available to all Florida businesses that have been in operation for at least one year prior to application and require skills upgrade training for existing employees. Priority is given to businesses in targeted industries, Enterprise Zones, HUB Zones, Inner City Distressed areas, Rural Counties and areas, and Brownfield areas. For additional information on the IWT program, visit Workforce Florida.
Employed Worker Training (Local Program)
Employed Worker Training provides grant funding for customized training for businesses that have been operating in the state of Florida for at least one year. It is designed to reimburse approved local businesses up to half of their eligible training costs. It helps businesses:
For more information, visit Pasco Economic Development Council or call (888) 60-PASCO.
Quick Response Training (QRT) - an employer-driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. A state educational facility - community college, area technical center, school district or university - is available to assist with application and program development or delivery. The educational facility will also serve as fiscal agent for the project. The company may use in-house training, outside vendor training programs or the local educational entity to provide training. Reimbursable training expenses include: instructors'/trainers' wages, curriculum development, and textbooks/manuals. This program is customized, flexible, and responsive to individual company needs. To learn more about the QRT program, visit Workforce Florida.
Incumbent Worker Training Program (IWT)
Incumbent Worker Training (IWT) - a program that provides training to currently employed workers to keep Florida's workforce competitive in a global economy and to retain existing businesses. The program is available to all Florida businesses that have been in operation for at least one year prior to application and require skills upgrade training for existing employees. Priority is given to businesses in targeted industries, Enterprise Zones, HUB Zones, Inner City Distressed areas, Rural Counties and areas, and Brownfield areas. For additional information on the IWT program, visit Workforce Florida.
Employed Worker Training (Local Program)
Employed Worker Training provides grant funding for customized training for businesses that have been operating in the state of Florida for at least one year. It is designed to reimburse approved local businesses up to half of their eligible training costs. It helps businesses:
- To advance their current employees’ wages and positions
- Enhance employees’ productivity and work quality
- Build employees’ loyalty and decrease employee turnover
- Allow businesses to remain competitive
For more information, visit Pasco Economic Development Council or call (888) 60-PASCO.
In addition to the State of Florida's Targeted Industry Sectors, the Pasco County Economic Development Plan further identifies three industry categories that hold potential for regional and local growth, unique business attributes, and job creation. The following categories support the Pasco County Economic Development Strategic Plan.
I. Leading Edge Development
This sector harnesses the intellectual and creative capacity of Pasco County to research and develop new ideas and technologies into the marketplace. This category encompasses concepts such as technology-led development, high-level entrepreneurial activity, and high-tech development. Subsectors include:
Medical/Biomedical/Life Sciences
Information/Finance/Business Technology
Defense and Security
High-Technology/Electronics/Instruments/Manufacturing
II. Transportation Centers
This industry recognizes the need by large companies to locate transportation distribution centers as a cost-effective means to transport goods from producer to consumer. Subsectors include:
III. Sustainable Resources
This sector not only recognizes the opportunity to create jobs through the restoration of brownfields or grayfields, but also the longer-term opportunity to create industry on land that may be located near rural, conservation or environmental preservation areas. Developing the sustainable resources sector can also include activities to restore and preserve the environment. Subsectors include:
Agri-business
Target Industry Sector Incentives
The New Pasco is business friendly. We work with our developers and employers to expedite permitting processes, offer a variety of incentive packages to those who qualify, and welcome job creation with open arms. As part of our economic development strategy, Pasco County is actively and aggressively seeking companies interested in expanding to the greater Tampa Bay Area, especially in the targeted industry sectors listed above. If your company is interested in learning more about what the Pasco County has to offer, contact the Office of Economic Growth.
I. Leading Edge Development
This sector harnesses the intellectual and creative capacity of Pasco County to research and develop new ideas and technologies into the marketplace. This category encompasses concepts such as technology-led development, high-level entrepreneurial activity, and high-tech development. Subsectors include:
Medical/Biomedical/Life Sciences
- BioTechology
- Medical Devices/Equipment
- Medical Simulation & Training
- Pharmaceuticals
Information/Finance/Business Technology
- Financial Services
- IT Services Media & Design
- Programming/Systems Design & Data Services
- Research & Engineering
- Aviation/Aerospace
- Satellite Telecommunications
- Space Research and Technology
Defense and Security
- Security Technology
- Security & Intelligence Consulting
High-Technology/Electronics/Instruments/Manufacturing
- Computer & Software Systems Design & Integration
- Digital Media
- Infotechnology
- Measuring and Controlling Devices Manufacturing
- Optics/Photonics
II. Transportation Centers
This industry recognizes the need by large companies to locate transportation distribution centers as a cost-effective means to transport goods from producer to consumer. Subsectors include:
- Logistics
- Intermodal Loading Centers
- Distribution
- Wholesale Trade
- Transportation
III. Sustainable Resources
This sector not only recognizes the opportunity to create jobs through the restoration of brownfields or grayfields, but also the longer-term opportunity to create industry on land that may be located near rural, conservation or environmental preservation areas. Developing the sustainable resources sector can also include activities to restore and preserve the environment. Subsectors include:
Agri-business
- Value Added Agriculture
- Food Processing
- Algae Production
- Value Added Aqua Culture
- Brownfield/Grayfield Development
- Renewable Energy Development (i.e. solar fields)
Target Industry Sector Incentives
The New Pasco is business friendly. We work with our developers and employers to expedite permitting processes, offer a variety of incentive packages to those who qualify, and welcome job creation with open arms. As part of our economic development strategy, Pasco County is actively and aggressively seeking companies interested in expanding to the greater Tampa Bay Area, especially in the targeted industry sectors listed above. If your company is interested in learning more about what the Pasco County has to offer, contact the Office of Economic Growth.
About the Program
The Opportunity Zones incentive is a new community tax advantaged investment tool established by Congress through the Tax Cuts and Jobs Act of 2017. The intent of the Program is to encourage long-term investment in low-income urban and rural communities throughout the United States.
How Do Opportunity Zones Work?
Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Zones located in Pasco County. Qualified Opportunity Zone Funds, which consist of funds generated by investor capital gains, are available to fund development within the County's Opportunity Zones. The Pasco County Office of Economic Growth has access to the listing of Qualified Opportunity Zone Funds available for County specific projects and is available upon request.
How Were the Locations of Opportunity Zones Determined?
The Federal Statute required the Florida Governor to nominate Opportunity Zones in each County using the U.S. Census Tracts which are occupied by a large percentage of low-income households. The state nominated Opportunity Zones were then officially designated by the United States Department of Treasury.
Pasco County hopes to leverage Opportunity Zones as an important tool to support the development of jobs, affordable housing and economic vitality in these areas.
Pasco County is now the 11th largest county in Florida with a population of approximately 553,947 with an increase of 2.65%. The home-ownership rate in Pasco County, FL is 74.9%, which is higher than the national average of 64.1%.
Other Resources: Department of Housing and Urban Development
The Opportunity Zones incentive is a new community tax advantaged investment tool established by Congress through the Tax Cuts and Jobs Act of 2017. The intent of the Program is to encourage long-term investment in low-income urban and rural communities throughout the United States.
How Do Opportunity Zones Work?
Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Zones located in Pasco County. Qualified Opportunity Zone Funds, which consist of funds generated by investor capital gains, are available to fund development within the County's Opportunity Zones. The Pasco County Office of Economic Growth has access to the listing of Qualified Opportunity Zone Funds available for County specific projects and is available upon request.
How Were the Locations of Opportunity Zones Determined?
The Federal Statute required the Florida Governor to nominate Opportunity Zones in each County using the U.S. Census Tracts which are occupied by a large percentage of low-income households. The state nominated Opportunity Zones were then officially designated by the United States Department of Treasury.
Pasco County hopes to leverage Opportunity Zones as an important tool to support the development of jobs, affordable housing and economic vitality in these areas.
Pasco County is now the 11th largest county in Florida with a population of approximately 553,947 with an increase of 2.65%. The home-ownership rate in Pasco County, FL is 74.9%, which is higher than the national average of 64.1%.
Other Resources: Department of Housing and Urban Development
