Thursday, July 19, 2018
Business

Medical manufacturer to add 116 jobs in Pasco County expansion

NEW PORT RICHEY — TouchPoint Medical, an engineering and manufacturer of high-tech hospital equipment, plans to put its global headquarters into a 125,000-square-foot industrial and corporate office building in Pasco County.

Tuesday morning, county commissioners approved an incentive package of nearly $1.7 million to lure the privately-held company to a location at the northwest corner of State Road 54 and the Suncoast Parkway in Odessa. The deal includes $980,000 in property tax rebates, $464,000 for creating 116 new full-time jobs over eight years, $150,000 in permitting costs and $100,000 for worker training.

TouchPoint Medical plans to consolidate operations currently in Oldsmar, Atlanta and Connecticut into a new $23 million building. Its average annual wage for the news jobs is listed at $57,546, or nearly 60 percent higher than the countywide average, according Florida Enterprise data. The company expects to employ 228 people initially but acquired enough space for a future 100,000-square-foot expansion, said Brian McNeill, president and CEO of TouchPoint Inc., the parent company of TouchPoint Medical.

The company’s products include high-tech medication dispensing equipment, work stations and mobile monitor carts.

Over the past two years, Pasco County and the EDC have announced a number of incentive-laden relocations or expansions including Mettler Toledo, which moved from Hillsborough County; Meopta U.S.A. an optics manufacturer which relocated from Long Island, N.Y; and expansions by pilot trainer TRU-Simulation, and Welbilt, builder of food service equipment. Combined, the four companies are supposed to bring 874 jobs to the county.

The activity came after the county began dedicating a portion of its voter-approved Penny for Pasco sales tax to economic development beginning in 2015. The sales tax is expected to generate $56 million over 10 years specifically for job creation projects.

RELATED: Mettler Toledo building $30 million plant.

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