SMARTstartBelmar Pharmacy Opens Pasco County Facility
June 10, 2024
The company has invested $15 million and plans to hire 150 new positions over the next three years.
PASCO COUNTY, FLORIDA (June 10, 2024): Pasco Economic Development Council (Pasco EDC) is thrilled to welcome Belmar Pharmacy to Pasco County. The company has invested $15 million in a 25,000 sq. ft. state-of-the-art compounding facility within Asturia Corporate Center, where they expect to add 150 new professional positions over the next three years.
Pharma is a vital part of the Life Sciences Corridor in Pasco County,” expressed Bill Cronin, President/CEO, Pasco EDC. “The work that Belmar Pharmacy will be doing here by producing compounded medications and other products will help people live healthier lives, as well as providing more business-to-business connections in our growing Life Sciences ecosystem.”
In 2018, Pasco County Commissioners approved a 10-year, $7 million Penny for Pasco loan to HP Asturia, LLC (Harrod Development) to build Asturia Corporate Center, a $26 million, 235,000 square foot speculative “Flex-Industrial” project to meet the demands of Pasco’s rapidly growing industrial sectors.
“We are excited about the potential to establish a future talent pipeline with Wendell Krinn Technical High School thanks to our introduction by the Pasco EDC. This collaboration represents a promising opportunity to nurture and develop young talent, aligning with our commitment to investing in the future workforce,” said Rob Kilgore, Chief Executive Officer. Pasco EDC offers connections between education institutions and target industries to ensure Pasco County maintains a strong talent pipeline where companies create job opportunities and find local quality talent.
Belmar is the largest national compounding pharmacy organization focused on hormone health and wellness. With seven compounding facilities across the country, they are on track to support more than 500,000 patients in 2024, with injectable, oral, and topical personalized medications. Additionally, Belmar upholds an unwavering commitment to education for providers and patients in helping them achieve optimal wellness.
“Pasco County is thrilled to welcome Belmar Pharma Solutions to our community,” said Pasco County Commissioner Kathryn Starkey. “The Board of County Commissioners is always working to find new, innovative companies to set up shop in Pasco, and this is another great example of a reputable company bringing high quality jobs to our community.”
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About Pasco Economic Development Council
The Pasco Economic Development Council is committed to developing Florida's most competitive climate for business growth by providing businesses that seek to start, move, or grow in the North Tampa Bay area, a comprehensive suite of programs that can help them to reach their full economic potential. Since 1987, Pasco EDC has fostered a strong partnership funded by corporate and public investors focused on the economic vitality of Pasco County. Discover more at www.pascoedc.com.