Pasco Economic Development Council | 16506 Pointe Village Drive, Suite 107 | Lutz, FL 33558

Local & State Incentives

Pasco County supports sustained business growth by offering incentives designed to support target industries locating and expanding within the county. Customized incentive packages provide savings and benefits to companies creating high wage jobs, making capital investments in site development for new facilities, retrofitting existing buildings, new machinery, and workforce training grants. Pasco County’s strategy is to use incentives to foster sustained economic growth for the entire county.

For example, a company creating 100 full time jobs with average salaries of $57,845 could qualify for Pasco County’s Job Creation Incentive equaling $2,000 per job - a total of $200,000 paid direct to the company over four years.

Pasco County’s incentives are awarded in addition to State of Florida programs such as tax credits, tax exemptions and training programs. Pasco EDC gladly assists companies when applying for these state programs.

Pasco County, Florida Incentives






Pasco County Job Creation Incentive (JCI) Grant

This cash incentive program is in addition to the State of Florida's incentive programs. 

  • $2,000-$5,000 cash per job
  • Minimum 10 new jobs created in Pasco County during the first year of operations
  • Average annual wage of at least 115%  of the prevailing Pasco County wage
    $57,845 - Pasco County average annual wage as of January 2024 (source: Florida Department of Economic Opportunity)
  • At least 51% of sales outside of Pasco County
  • Payable to the company at 25% per year over four years

Penny for Pasco

The Penny for Pasco is a three-time, voter-approved Local Government Infrastructure Surtax in Pasco County. This sales tax, at a rate of one cent per each dollar (sale amount up to $5,000), provides designated funds for economic development, public safety vehicles and equipment, conservation of land and natural resources, transportation infrastructure improvements, and enhancements for educational facilities.

Pasco County voters passed the first Penny for Pasco March 9, 2004.  It was in effect from January 1, 2005, through December 31, 2014, and collected over $320,000,000.  In 2012, voters approved the continuation of the Penny for Pasco for another ten years. Between January 2015 and December 2024 proceeds are estimated to be greater than $700,000,000. Most recently, in 2022, 65% of voters supported the renewal of the Penny for Pasco for an additional 15 years – from January 2025 – December 2039. Revenues are estimated to be $1,902,552,316. Funds have previously been used for the following economic development projects:

  • Business Park Development
  • Infrastructure, Permitting
  • Speculative Building Construction
  • Land Assembly

Pasco County Expedited Permitting

Pasco County initiative to streamline governmental review and approval of building permits for new construction of office and industrial buildings. 

  • Rapid Response Team
  • Expedited Permitting
  • Expedited Processing
  • Building Permit Fee Waiver

Other Incentives & Benefits

  • Ad Valorem/Tangible Tax Reimbursement
  • Mobility Fee Waiver
    • 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.

  • Redevelopment Loan Program

    • As Pasco County businesses begin reopening and adjusting operations, the Office of Economic Growth has established a Redevelopment Loan Program (RLP) to provide loans to commercial property owners.
  • Commercial Landscaping Grant Program
    • The Pasco Board of County Commissioners (BOCC) approved funding for the Commercial Redevelopment Landscaping Grant Program as part of its strategy to "fund incentives to promote urban design, and visual, landscaping and aesthetic property improvements for identified (and) targeted redevelopment areas for beautification and property enhancement in commercial districts".
  • Opportunity Zones
    • 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. 

Workforce Training Grants

  • Penny for Pasco Workforce Training Grant
  • On the Job Training (OJT)
  • Employed Worker Training (EWT)
  • Incumbent Worker Training (IWT)
  • Veterans Florida Business Training Grant
  • Quick Response Training 

State of Florida Incentives

Select Florida - Why Florida?

  • 4th Best Tax Climate in the United States
  • Sales & Use Tax Exemptions on Manufacturing Equipment
  • Capital Investment Tax Credit
  • Tax Exemption for R&D Equipment
  • Clean Energy Incentives
Local & State Incentives
Tom Ryan, CEcD
Vice President, Business Development

Email: .(JavaScript must be enabled to view this email address)
Telephone: +1 813 355 0646

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