Page 28 - FDI Alliance International Magazine | September 2018 1

START. MOVE. GROW.

in P AS c O cO un T y , Fl OR id A

Formed in 1987, the Pasco Economic Development Council (Pasco EDC) is the lead economic development
About Pasco EDC organization. Being dedicated to the overall growth and prosperity of Pasco County through the development
Pasco County is a business-friendly community with of a sustainable and diversified economy. Pasco EDC is a private, non-profit organization that promotes
strong, proactive governmental support of five elected countywide economic development. They continue to be a strong partnership funded by corporate and
County Commissioners and a County Administrator. public investors focused on the economic vitality of Pasco County. Pasco EDC is committed to positive
With lower tax rates, Pasco corporations and residents growth to make Pasco County a great place to live and work. You will not find a more supportive county
benefit. to do business. - Work together

Florida’s corporate Our Mission:
income taxes are 5.5 Our overall mission is to stimulate balanced
percent, with a $5,000 Retail sales tax is 7% and diversified business growth in our
exemption. Also, with no sales or use tax
S-corporations are on the labor component community.
State personal income exempt from corporate of qualified research
tax is 0%. income tax. and development. Our Vision:
To be known as Florida's most competitive
climate for business growth and development.
Our Values:
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● Integrity - Do the right thing.
● Innovation - Deliver creative solutions.
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Florida has no inventory Total ad valorem ● Accountability - Achieve successful results.
tax on raw materials, mileage rate in Pasco ● Leadership - Initiate positive action and
work in progress or County is 13.0279%.
finished goods in There are no state level change.
inventory. ad valorem taxes on ● Collaboration - Work together for
buildings or land.
ulimate and valuable progress.

28 FDI ALLIANCE | SEPTEMBER ISSUE 2018