Thursday, September 20, 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.

MORE: Go here for more Business News

Comments
Publix has pumpkin spice everything on sale, and other deals this week in coupons (Sept. 20-26)

Publix has pumpkin spice everything on sale, and other deals this week in coupons (Sept. 20-26)

Sometimes the coupon gods align. And, man, that’s beautiful because everyone loves so-cheap-it’s-almost-free stuff.Vegetarians rejoice, this week’s steal of a deal is for you. Publix has Quron "chick’n" nuggets and patties on BOGO (buy one, get one) ...
Updated: 1 hour ago
Floridan hotel misses deadline, faces hearing on repairs to keep more concrete from falling

Floridan hotel misses deadline, faces hearing on repairs to keep more concrete from falling

TAMPA — When a chunk of concrete fell off the Floridan Palace Hotel last month, injuring a woman who was struck by debris, city officials gave the historic building’s owners a deadline to submit an engineering report and make repairs.That deadline ca...
Updated: 2 hours ago
Too many homeowners forced to tap home equity to pay for day-to-day expenses

Too many homeowners forced to tap home equity to pay for day-to-day expenses

Tapping home equity to pay for day-to-day expenses like groceries and utilities is a recipe for financial peril. It can work for a while, especially if home prices are rising. Eventually the spigot runs dry, bills pile up and your home can be lost to...
Updated: 5 hours ago
Pinellas County strikes bed tax deal with VRBO, HomeAway and other AirBnb competitors

Pinellas County strikes bed tax deal with VRBO, HomeAway and other AirBnb competitors

The Pinellas County Tax Collector’s Office will start collecting bed tax dollars from a slew of home rental apps that operate similarly to AirBnb starting Oct. 1.Prior to the new partnerships with TripAdvisor and Expedia, only AirBnb had set up to pa...
Published: 09/19/18
Study: Tampa International Airport ranks fourth best for satisfying travelers

Study: Tampa International Airport ranks fourth best for satisfying travelers

Times Staff WriterTampa International Airport was named the fourth-best large airport in the U.S. at keeping travelers satisfied, according to a study by J.D. Power released Wednesday.Meanwhile, the study ranked Orlando International as the country’s...
Published: 09/19/18
Valet parking? A concierge? Midtown Tampa outlines plans for an amenity-rich office building

Valet parking? A concierge? Midtown Tampa outlines plans for an amenity-rich office building

TAMPA — A sudden boomlet in premium office space is getting boomier as developers detail their plans for the first of three office buildings planned at Midtown Tampa, a $500 million mixed-use development near Interstate 275 and N Dale Mabry Highway.M...
Published: 09/19/18
Home refinancings up dramatically in the Tampa Bay area

Home refinancings up dramatically in the Tampa Bay area

Counter to the national trend, refinancings in the Tampa Bay area increased in the second quarter of this year. According to ATTOM Data Solutions, lenders originated 41 percent more refinancing loans in April, May and June than they did in the same p...
Published: 09/19/18
Daniel Ruth: City owes Gonzmart and Princess Ulele more than a notice of code violation

Daniel Ruth: City owes Gonzmart and Princess Ulele more than a notice of code violation

This has to be height of bureaucratic pettiness, especially for a city whose track record in promoting quality public art falls somewhere between stick figures and finger puppets.Richard Gonzmart is a community treasure. As the force behind a number ...
Published: 09/19/18
‘Something fishy’ about sale of a golf-course villa in Seminole

‘Something fishy’ about sale of a golf-course villa in Seminole

SEMINOLE — There were so many unusual aspects to the sale of a certain Seminole villa that it’s hard to know where to begin. Is it with the fact the villa sold for $100,000 despite a cash offer of $128,700? Is it that the buyer was a Realtor in the s...
Published: 09/19/18
New restaurants: Olivia from Chris Ponte, Crabby Bill’s Off the Hook

New restaurants: Olivia from Chris Ponte, Crabby Bill’s Off the Hook

COMING SOON: OLIVIAChris Ponte, right, has been a steady and notable culinary leader in our area for more than a decade with his flagship restaurant Cafe Ponte in Clearwater. A couple of years ago he mixed things up a bit by debuting On Swann in Hyde...
Published: 09/19/18