Mettler Toledo

Progress Report

The remainder of the Economic Incentive Agreement award payments will be paid, upon request, from the Pasco County General Fund for the Job Creation Incentive (JCI), Local Funding Support Qualified Targeted Industry (QTI Match) and the High Impact Job Creation Bonus (HIJCB).

The Jobs and Economic Opportunities Trust Fund total award to the Mettler Toledo project is $1,934,143.53

Date: 6/3/2019
Description: The Office of Economic Growth processed Mettler Toledo's first Job Creation Incentive Award payment. Although this award is paid from the general fund, it is important to report that Mettler Toledo successfully brought more than the required 493 new, full time jobs to Pasco County!

Date: 2/15/2019
Description: Mettler Toledo Training Reimbursement payments for the full award of $200,000 from the Jobs and Economic Opportunities Trust Fund is complete. There were more than 200 employees trained and more than nine classes supported through these funds.
Payments: 9/20/2018 for $123,838.93; 11/28/2018 for $47,973.39; and 2/15/2019 for $28,187.68

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: 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. 
Payments:  Jobs and Economic Oppoortunities Trust Fund: $1,277,406.11  for the Northpointe 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
Payments: Department of Economic Opportunities Grant $1,151,831.00

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 (Jobs and Economic Opportunities Trust Fund)
b. Impact, permitting, connection, and mobility fees (Jobs and Economic Opportunities Trust Fund)
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 (Jobs and Economic Opportunities Trust Fund)

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.