Local & State Incentives

Businesses like Pasco County's strong employment incentive programs.  County government has $45 million available to help companies locate in Pasco County.  These funds can be used for training, water and sewer extensions, road improvements, or even direct cash payments for companies creating employment opportunities.

For example, a company creating 100 jobs with an average salary of  $46,285 will qualify for an incentive of $2,000 per job - a total of $200,000.  This is paid in four annual payments averaging $50,000.

The State of Florida has similar incentives, including training, road improvements, and state tax credits.  Pasco EDC can help companies apply for these funds.

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
    $40,248 - Pasco County average annual wage as of January 2021 (source: Enterprise Florida)
  • At least 51% of sales outside of Pasco County
  • Payable to the company at 25% per year over four years

Penny for Pasco

In the year 2012, Pasco County residents approved a $0.01 sales tax increase with a portion earmarked specifically for economic development programs.  Estimated to generate approximately $56 million over 10 years, monies can be used for:

  • 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

  • Transportation Mobility Impact Fee Waiver
  • Ad Valorem/Tangible Tax Reimbursement

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

Enterprise Florida, Inc. - 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

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CONTACT ME
Local & State Incentives
Tom Ryan
Director of Business Development

Email: .(JavaScript must be enabled to view this email address)
Toll free: (888) 60-PASCO | (888-607-2726)
Telephone: (813) 926-0827 ext. 228
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