AEROSPACE,AVIATION & DEFENSEINDUSTRY SNAPSHOT | PASCO COUNTY, FL

The Pasco Economic Development Council (Pasco EDC) is a private, non-profit organization that promotes growth and prosperity through the development of a sustainable and diversified economy.

Our county-wide economic development efforts are funded by corporate and public investors, and represent a strong partnership which is focused on economic vitality and making Pasco County a great place to live and work.

• TALENT — K-12 and post-secondary curriculums provide a talent pipeline focused on Aerospace, Aviation & Defense industry training

• SYNERGY — Regional assets and partnerships with the most innovative leaders in the industry

• BUSINESS CLIMATE — Stable, pro-business government leadership in a right to work state with local incentives

• TAXES — Low operating costs and no personal income tax

• COMMUNITY — A quality of life that attracts and retains top talent

Pasco County, gateway to southwest Florida, is strategically located within 30 minutes of major regional assets including MacDill Air Force Base, Tampa International Airport and Port Tampa Bay.

Over 470 companies statewide work in all areas of space exploration, aircraft maintenance, repair, operations, simulation, cyber security, and intelligence.

Florida is home to the birthplace of commercial aviation and is the transport hub for the Americas, offering historic and cutting edge space launch assets.

Pasco County has the right business infrastructure necessary for companies looking to succeed:

• Three electric providers: Duke Energy, TECO/Emera, Withlacoochee River Electric Cooperative

• Three telecommunications providers

• Two natural gas providers: TECO Gas and Clearwater Gas System

• New investment in public water and sewer utilities

• Building upon the transportation network to increase mobility

TOTAL PASCO LABOR FORCE:

TOTAL MSA POPULATION: 2.9 MILLION

TOTAL PASCO POPULATION: 512,368

MEDIAN AGE: 42 43 44.6 45 46

224,582

TOTAL MSA LABOR FORCE:

Pithlachascotee River near Sim’s Park in downtown New Port Richey

Adams Arms, LLC

1.9 MILLION

TRU Simulation + Training

WHO WE ARE

PASCO’S COMPETITIVE ADVANTAGE

INFRASTRUCTURE

75

4

460

Pasco Co.

Hillsborough Co.Pinellas Co.

1

11

217

13

12

98

5

3

4

6

710

14

15

18

16

75

75

275

10

95

4

JACKSONVILLETALLAHASSEE

ORLANDOPASCO COUNTY

MIAMI

TAMPA BAY

“We met with other counties, but Pasco EDC went above and beyond to make us feel welcome in Pasco County and answer every question we had about the area. When we’d email them we always got a timely response; they were heads above the rest.” – Tom Nihra, Vice President, JTD Enterprises

NOTABLE AEROSPACE, AVIATION & DEFENSE COMPANIES

JTD Enterprises, Inc.

INDUSTRY RELATED AVERAGE WAGESTitle Pasco County

Entry LevelPasco County Experienced

MSA Average

USA Average

Computer and Information Systems Managers $83,700 $158,100 $145,400 $145,700

Atmospheric and Space Scientists $73,900 $120,700 $114,900 $94,800

Avionics Technicians $34,400 $59,400 $56,900 $61,400

Electronic Engineering Techni-cians $55,000 $85,900 $82,400 $103,800

Computer-Controlled Machine Tool Operators $26,300 $38,300 $36,500 $39,600

1. Adams Arms, LLC2. Aeronautical Systems

Engineering, Inc.3. Aircraft Tooling & Design

Group4. Aviation Instrument

Technologies, Inc.5. Bay Tech Industries6. Evolution Trikes 7. Jetline Systems Corporation8. JTD Enterprises, Inc.9. Meopta USA10. Orbital Corporation11. PALL Aeropower12. Seaway Plastics

Engineering, Inc.13. SilverLight Aviation 14. Sunrise Manufacturing

Int., Inc.15. TKM Aviation16. Tony Suits, Inc.17. TRU Simulation + Training, Inc.18. Zephyr Aircraft Engines, Inc.

Defense ContractorAviation RelatedDefense & Aviation

Tampa International Airport

St. Petersburg/Clearwater

International Airport

Port of Tampa Bay

“Pasco County continues to be a great partner for TRU. We see the positive impact that our growth brings to the region’s economy.” – David Smith, Vice President, TRU Simulation + Training

“The support and partnership that we have received from the Pasco EDC team were a big part of why we’re able to invest heavily in building our staff and purchasing the machinery necessary to support our growth.” – Michael Froning, President and CEO, Adams Arms, LLC

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JOB CREATION INCENTIVE PROGRAMIn addition to the State of Florida Incentive Programs, Pasco offers inducements for job creators. The following characteristics apply:

• $2,000-$5,000 per job

• Minimum 10 new jobs created in Pasco County during the first year of operations

• Average annual wage of at least 115% of the prevailing Pasco County wage. As of January 1, 2018, the Pasco County Average Annual Wage is $36,365 per the Florida Department of Economic Opportunity. In order to qualify for incentives a minimum annual wage of $41,820 is required.

• At least 51% of sales outside of Pasco County

• Payable to the company at 25% per year over four years

The State of Florida has similar incentives including:

• Qualified Target Industry Tax Refund• High-Impact Performance Incentive Grant• Capital Investment Tax Credit• Qualified Defense and Space Contractor Tax Refund• Quick Response Training• Veterans Florida Business Training Grant

Pasco EDC can help companies apply for these funds.

PENNY FOR PASCOIn the year 2012, Pasco County residents approved a $0.01 sales tax increase.

A portion of the revenue is earmarked for economic development programs, such as:

• Business Park Development• Infrastructure, Permitting• Speculative Building Construction• Land Assembly

This small tax is estimated to generate approximately $56 million over 10 years.

PASCO COUNTY INCENTIVES

FLORIDA STATE INCENTIVES

PHOTO COURTESY OF VISIT PASCO

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WWW.PASCOEDC.COM