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
$47,721 - Pasco County average annual wage as of January 2023 (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

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