Economic Growth Projects Monthly Report

OEG-Nov.

November Highlights

Now, the Office of Economic Growth has Board approval to invite Urban Land Institute (ULI) to conduct a two-day Technical Assistance Panel (TAP) that will provide analysis to Overpass Business Park’s market and development potential. The TAP will be used to develop a future Request for Proposal (RFP) to select a developer to bring the Overpass Business Park to fruition. In addition, the Office of Economic Growth has applied for a competitive United States Economic Development Administration planning grant to offset up to fifty percent (50%) of the cost of the study.

The Pasco County owned 99.66 acre land, best known as Overpass Business Park, located at 7529 Old Pasco Road, was formerly used as a wastewater rapid infiltration basin. The Office of Economic Growth facilitated the completion of Phase I and II environmental assessments and engineering designs are 80% complete. The Board has approved an Overpass Business Park Master Planned Unit Development (PDD18-7291), with targeted industrial and office development entitlements of 2,250,000 square feet.

A new Workforce Re-Entry Training program received an approved funding agreement for up to $350,000 from the Jobs and Economic Opportunities Trust Fund (Penny for Pasco).  This program, administered by CareerSource Pasco Hernando, is aimed to get adult, unemployed or underemployed residents back to work.  During the first year, this program is expected to have a minimum of 50 resident participants who will have the opportunity to achieve technical skill proficiency, build a resume and receive on-the-job training with Pasco County employers to get back into the workforce.

The Board of County Commissioners agreed to modify and extend the existing Pasco Economic Development Council (Pasco EDC) agreement funded through the Jobs and Economic Opportunities Trust Fund (Penny for Pasco). The new Agreement will run through FY2021 at a cost of $2,028,000. The Pasco EDC will continue its work on established programs including Entrepreneur and Business Incubation/Education (SMARTstart), Microloan Funds, International FDI and Trade, and the Ready Sites. Additionally, the PEDC will initiate the Pasco Pipeline 3-Year Pilot Program which is designed to bridge the workforce gap between employers and potential employees. This new program will establish a dedicated central resource talent pipeline website using multiple data collection platforms designed to match corporate and industry needs to Pasco residents requiring new workforce skills and training.