Quality of life is the X factor for entrepreneurs and tech companies

“One of the most often cited reasons for the location of a new business is quality of life.” – Area Development Online

Entrepreneurs want to start a business in a location that makes economic sense. Low taxes are often a factor, but according to Area Development Online, quality of life matters, and the CEO must also want to live there. When it comes to technology related companies, this is especially true because they can work from anywhere in the world!

“Quality of life, though not always the first consideration in deciding where to start a business, can be the X factor that differentiates two competitive metro areas.” - Area Development Online

With the competition to bring companies to a region becomes more competitive, areas are offering more like incentives and workforce training. Many locations have some of these factors but not all.

What if there was a place that had everything the company needed as it relates to low taxes, training grants, incredible job creation incentives, and fast permitting, AND had a quality of life that was second to none? Impossible one would think, but simply check out Pasco County, Florida.

Pasco County's Quality of Life is what every CEO is looking for.

Florida is one of the lowest tax states for businesses in the United States. On top of it, CEOs pay no personal state income tax. Workforce training grants are readily available and Pasco County works with several partners including CareerSource to help businesses obtain the training they need. Over the last few years the County worked with local contractors through a roundtable, listening to their needs in order to streamline the permitting process and create a walk-through permitting process. As for job creation incentives, Pasco County has perhaps the most aggressive incentives in the State of Florida. Companies in Pasco’s qualified targeted industries that are hiring 10 or more people at wages above their average county wage, can apply to receive anywhere from $2,000 to $5,000 per new employee depending on the average wage. For high-tech companies this is an incredible incentive.

How is Pasco County’s quality of life?

Ask one of the many CEOs that have chosen to live in Pasco County. Pasco County sits at the top of the Tampa Bay super-region within 20 minutes of the Tampa International Airport. To the east of Pasco County is Disney World and to the west is the ocean, with several golf courses and nature parks in between. A CEOs dream really. No wonder Pasco County is booming!

In Wesley Chapel, Trinity and Odessa, several new developments are planned to meet the growth the County is experiencing. Wesley Chapel has recently added the high tech Florida Hospital Wesley Chapel, a brand new state of the art campus for Pasco-Hernando State College, and just this week it was announced that Wesley Chapel will soon be home to Florida’s largest ice hockey complex, suitable for Olympic teams.

Is your company looking for a location with that quality of life “X” factor?

Look no further than Pasco County.

Source:  The Regional Impact of Quality of Life on Entrepreneurial Decisions, Area Development Online

People in America’s biggest cities are migrating to Tampa Bay

Tampa Bay Ranks in the Top 20 Fastest Growing Metros in the United States.

Population shift: People moving from America's biggest cities to Tampa Bay

Recent numbers from the U.S. Census Bureau suggest a large population shift of people from America’s biggest cities to cities like Tampa Bay, according to a recent article by Bloomberg Businessweek. This is no surprise to us here in Pasco County as the Wesley Chapel area has quickly become a hotbed for young entrepreneurs moving to Tampa Bay.

What is driving people and their businesses to Florida?

According to Bloomberg Businessweek, one of the driving factors seems to be real estate affordability according to data they found on the real estate site Trulia. But we think there is more to it than just that.  Here is why many CEOs are choosing to relocate their company to Florida:

  • #1 for Individual Income Tax (Tax Foundation’s 2014 State Business Tax Climate Index)
  • #1 Tax Climate in the Southeast for Business (Tax Foundation)
  • #1 for Individual Capital Gains Tax Rates (No Tax) (Small Business & Entrepreneurship Council)
  • #1 for Individual Dividends and Interest Tax Rates (No Tax) (Small Business & Entrepreneurship Council)
  • #2 Best State for Business (Chief Executive)
  • #2 Best Business Climate (Business Facilities)
  • #5 Best Business Tax Climate (Tax Foundation and Business Facilities)
  • #6 (up from #10 in 2013) Unemployment Insurance Tax Rank

Tampa Bay is Second to None

Pasco County is in the heart of the Tampa Bay Super RegionAlthough the article refers to Tampa Bay as a “second-tier” city, we believe that Tampa Bay is truly “second to none”.  Not only do we live in the region with some of the best beaches in America, with some of the nation’s favorite theme parks and warm weather year-round, but Tampa Bay is also home to 35 of the Fortune 1000 companies, and is quickly becoming a hub of entrepreneurial activity for tech companies and other startups.

Pasco EDC made the decision four years ago to concentrate on entrepreneurship and small scalable business development. This is paying off handsomely as the economy resurges to former levels, and the boom is really just starting to take off. There’s plenty of room to grow in Tampa Bay.

Source: http://www.businessweek.com/articles/2014-04-08/austin-or-bust-americas-biggest-cities-lose-people-to-the-urban-b-list

Want to relocate your business to Florida? Contact us today and we will put together a customized savings and benefits sheet for your company.

Site Selection: The Importance of locating your company near a world class airport.

“How important is it for a business to locate in an airport city?” is the question asked in the March 2014 edition of Site Selection Magazine.

According to Site Selection magazine, “in the past, it was assumed that the competitive advantage of airport cities as office locations would be air connectivity and proximity to the airport terminal.” However, the companies interviewed in its survey showed that, “air connectivity in general was desired, and companies consider a travel time up to 30 minutes to the airport adequate.”

Tampa International AirportPasco County is less than 30 minutes from one of the world’s most admired airports, Tampa International Airport (TIA). In an effort to further entice companies to locate their business to Tampa Bay, on March 5, Gov. Rick Scott announced $194 million in State funds to help pay for the biggest expansion in TIA’s history.

Companies that are looking for connectivity to air, rail, and highway access should check out Pasco County – Room to Grow in Tampa Bay

Contact Pasco EDC today to for help finding a location for your business in Tampa Bay.

Source: Tampa Bay Times, Gov. Scott announces $194 million in state funds to help expand Tampa International Airport, March 5, 2014

Future of the Region Awards honors Pasco County with the One Bay award for 3rd time.

Where is the future of Tampa Bay? According to the Tampa Bay Regional Planning Council, it is Pasco County. Pasco swept the Future of the Region Awards winning the One Bay award for the third time.

The One Bay Regional Vision Award is the top award and effectively elevates the County to an elite status among Tampa Bay communities. The One Bay award has drawn upon thousands of citizens to create a shared regional vision to plan where future population and employment growth should occur based upon responsible land use, mobility, economic and environmental sustainability.

Pasco County wins One Bay Award

Also, for the first time in the history of the 22-year awards program, Pasco County was  honored with winning both The One Bay Award and The Charles A. McIntosh, Jr. Award of Distinction, for The Harbors, West Market Redevelopment/Infill Plan. These are the two highest awards handed out each year.

The McIntosh award recognizes outstanding achievement in the community, salutes Charles A. McIntosh who dedicated a major portion of his life to improving the quality of life in the Tampa Bay region.

Ane Hildebrand at the Tampa Bay Regional Planning Council Future of the Region AwardsRetired Pasco County Commissioner Anne Hildebrand also won the prestigious Herman W. Goldner Award for Regional Leadership. The award is presented to an individual who exemplifies the spirit of regional cooperation, dedication to his/her community and notable achievement in encouraging future vision. The award is named after former St. Petersburg Mayor and founder of the Tampa Bay Regional Planning Council, Herman W. Goldner.

Pasco County was also represented well in the following categories:

Community Service Award

  • Second Place – Won by The Beth Dillinger Foundation
  • Honorable Mention – Hacienda Hotel Community Clean-up Project – honored the City of New Port Richey

Cultural, Sports, Recreation Award

  • Second Place- Starkey Ranch District Park – honored Pasco County BOCC, District School Board of Pasco County and Wheelock Communities

Development/Infrastructure

  • Second Place – Tri-County Trail Connection Study – honored Pinellas and Pasco Counties for linking the Pinellas trail to the Starkey and Suncoast trails.

Going Green

  • Honorable Mention – The Urban Agriculture Program honored – the City of New Port Richey.

The Future of the Region Awards Program provides honor and recognition for notable achievement in the public and private sector for resource planning and management in the Tampa Bay region.  The Tampa Bay Regional Planning council’s mission in recognizing excellence is to encourage future vision and cooperation within the regional community.

Tampa Bay on List of Best Cities to Start a Business

Tampa Bay recently ranks #32 out of 150 cities across the nation on the list of Best Cities to Start a Business.

WalletHub used 14 unique metrics to gauge the entrepreneurial opportunities in the 150 largest U.S. cities, based on population. These metrics judge a City’s overall business friendliness from financing and cost of office space to depth of talent pool and cost of living.

Map of Tampa Bay

Recognizing the growing entrepreneurial community in Tampa Bay, the Pasco Economic Development Council, Inc. established an unconventional, collaborative entrepreneurship program called the Pasco Enterprise Network (PEN), which led to the creation of a microloan fund for entrepreneurs and the launch of a new SMARTstart business incubator. By engaging community partners to make start-up and small business resources available through a “No Wrong Door” strategy, the Pasco Enterprise Network had a huge impact on the generation of entrepreneurial leads and economic development growth in the community of Pasco County.

“A large percentage of Pasco County’s economy is supported by small businesses,” said John Hagen, President/CEO of the Pasco Economic Development Council. “For small business owners and entrepreneurs who need help, and don’t know where to turn, the PEN web site connects business owners to free services that can improve their chances of success.”

The SMARTstart Dade City Incubator is an innovative facility-based program to engage entrepreneurs, grow new businesses and create job opportunities in Pasco County. Start-up companies can obtain inexpensive space and technical assistance to ramp up their business. The incubator provides direct opportunities for local business professionals, students and higher education faculty to work with and support entrepreneurs, as well as co-working space for collaboration.

“We know that a successful economy depends on small businesses and the support of entrepreneurship,” noted Hagen.  “Working together as a support network, entrepreneurs will be more likely to succeed. Add to that the financial resource of the microloan fund, networking events, a business incubator to house startups, and a program for companies in their second stage of growth, and the entrepreneur in Pasco County has a solid foundation of resources at his or her fingertips.”

Florida Companies to Watch… We’ve got plenty of those in Pasco!

Pasco County and Tampa Bay as a whole is experiencing a revolution of innovation. Tampa Bay is on fire, really, with exciting an explosion of companies who are making headlines globally. Sure there are many companies to watch in Florida, but we’d bet the majority of them are right here in the Tampa Bay area, and quite a few from Pasco County!

Innovating PascoAfter all our own Odessa-based Dais Analytic just made Forbes Magazine’s #2 Energy Companies to Watch in 2012. We have many other companies here in Pasco that are leaders of innovation their industries like PQI (Power Quality International), PharmaWorks, or Seaway Plastics, and the list goes on and on!

The Florida Companies to Watch program has just opened its gates to begin nominating companies, perhaps even your own!

To be eligible for the award, a company must be headquartered in Florida, be a privately held, commercial enterprise that is currently in a stage of growth and past the start-up phase, with between six and 99 full-time equivalent employees and annual revenue in 2011 between $750,000-$50 million. Companies in all industries throughout Florida are invited to apply.  To apply go to: http://florida.companiestowatch.org/