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The staff of the Tampa Bay Times

State sweetens deal to bring T. Rowe Price to Pasco



Florida has added a tax credit potentially worth millions of dollars in its bundle of incentives to persuade investment company T. Rowe Price to move to Pasco County.

The latest lure — a 20-year credit on corporate income taxes — could take the total offer to the Baltimore-based company well above the $26 million total revealed last month.

County officials defended the increasingly rich financial package from taxpayers as worthwhile to bring a major employer to Pasco.

"In the scheme of things, it's a good deal," County Commissioner Ted Schrader said of the financial package. "If it didn't go to this project, it's bound to go to someplace else in the state."

Read more here.

David DeCamp, Times staff writer


[Last modified: Wednesday, May 26, 2010 11:44am]


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