Pasco's Job Creation Incentive Funding Program
Pasco County Board of County Commissioners adopted the Pasco County Job Creation Incentive Ordinance to promote the attraction and expansion of target industries or businesses within Pasco County by providing cash payments directly to the Company. These businesses can be new to Pasco or existing companies ready to expand. Qualifying companies are eligible for the following cash payments for new full-time positions created:
|Average Wage||Incentive Award Per Job Created|
Application for the Job Creation Incentive (JCI) (PDF) must be submitted prior to making a location decision or hiring new employees for expansion projects.
Companies must meet one or both of the following industry classifications and meet the job creation requirement:
Primary Target Industry is Defined as: Pay an average annual wage of at least 115% of the prevailing Pasco County average wage of $36,365 (As of January 2018 this amount is equal to $41,820) and must sell at least 51% of products or services outside of Pasco County.
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. What is a targeted 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 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 Fee.
Completed applications along with supporting documentation must be submitted to Pasco Economic Development Council to qualify for these easy to get incentives.
Ready Sites and Shell Building Loan Program
Many developers have a tight timeline to get their business running, so even if they choose to come to Pasco, the process to develop the land might be longer than the business timeline permits. For this reason, Pasco has entered into financing agreements with several private investors and developers, such as Harrod Properties and Land Investment Partners, to add more sites and shell buildings to our County in order to support growth at the speed of business. Check out some of our funded projects.
Learn more about Pasco's Ready Sites and Spec Building Programs.