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Pasco County pledges incentives to lure 75 manufacturing jobs from China

Pasco County commissioners on Tuesday approved a tax-incentive package to entice a manufacturer of aluminum castings for the auto industry to bring at least 75 manufacturing jobs to Pasco — work that's now being done in China.

John Steifel, president of SB Manufacturing, said his company is still evaluating several sites in Pasco in addition to locations in other states. "Our preference is to locate in Dade City," he said.

The project qualifies to receive tax refunds under Florida's Qualified Targeted Industry program as well as getting a bonus for creating jobs in a brownfield industrial site. Pasco County committed $83,500 as its share of a state/local incentive package worth at least $412,500.

To qualify for incentives, SB would need to keep a commitment to pay average wages of $40,000, or about 126 percent of average wages in Pasco.

Pasco County pledges incentives to lure 75 manufacturing jobs from China 09/11/12 [Last modified: Tuesday, September 11, 2012 6:09pm]
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