Mettler Toledo

Mettler-Toledo located it's operations in Pasco County, constructed a 250,000 square foot state of the art manufacturing facility, hired new employees for their expanding operations, and pays an average annual wage (for all jobs created) of at least $51,578 which, at the time of application, was one-hundred and fifty percent (150%) of the Pasco County average annual wage.

An independent report, determined the potential economic benefits of the Mettler-Toledo relocation would lead, directly or indirectly, to the creation of about 775 new jobs, provide salaries (direct and indirect) of approximately $41 million, and add approximately $79 million to the Gross County Product.

The approved Economic Incentive Agreement commits Pasco to provide numerous economic and development incentives:

Economic Development Agreement
Roadway Agreement

Funding: $7,672,000
a. Roadway infrastructure $3,050,000
b. Impact, permitting, connection, and mobility fees
c. QTI local match $555,000
d. JCI $1,972,000
e. HIJCB 75% of project’s tax for 10 years
f. Training Funds $200,000

Date: 10/14/2016  
Board Approved Action: OEG17-002
Funding: $4,556,000
Description: Complete the extension of the NorthPointe Parkway roadway as a four lane divided public roadway for 1,673 feet with a maintenance and warranty agreement for three years.

Payment: Jobs and Economic Opportunities Trust Fund: $7,672,000
Job Creation Incentive (JCI) 25% for 4 years after the 1^st year of documentation; payment within 90 days of receipt the documentation, less the QTI match
High Impact Job Creation Bonus (HIJCB) after Certificate of Occupancy, jobs created and maintained for the calendar year, receipt of current real and tangible taxes
Training Funds a reimbursement for employee training costs.

Progress Report

Date: 9/20/2018
Description: Mettler Toledo submitted requests for reimbursement on several employee trainings which included new products, customer service and sales. Reimbursement was provided for allowable expenses (not including food) related to trainer and trainee (employee) travel.
Payment:  FY2018 23005096-588200 for $123,838.93

Date: 3/27/2018
Description: Mettler Toledo is open for business!

Date: 1/23/2018
Board Approved Action: OEG18-1012
Description: Mettler Toledo Roadway Agreement Amendment: This amendment did not require additional funding. The construction actual costs were lower than estimated, therefore making the design and permitting costs a higher percentage of the project. This agreement amendment was to change the design and permitting % cap to fit the new, overall lower project cost. 

Date:   11/17/2017
Description:   All taxes paid; QTI payment made to the State of Florida
Payment for QTI was made from the General Fund (not penny funded) 

Date: 8/15/2017
Board Approved Action: NI17-448
Description:  07/06/2017 sign Payment Bond with B. R. W. Contracting, Inc. and Allied World Insurance Company for the Northpointe Parkway Extension

Date: 6/20/2017
Board Approved Action: REA17-064
Description: Accept the deed and easements, adopt the resolution canceling taxes, and execute the resolution