Friday, May 25, 2018
News Roundup

Mystery company holding Pasco job fair

NEW PORT RICHEY — A mystery company that expects to create 50 jobs is likely coming to the area and has set up a job fair for this weekend.

The company, whose name economic development officials won't reveal, is looking for insurance agents with a license that allows them to sell life and health insurance as well as fixed annuities, or people willing to obtain the license to sell such products. Other jobs include information technology, trainers, quality assurance agents and administrative workers.

"There's a lot of moving parts," said John Hagen, president and CEO of the Pasco County Economic Development Council, the public-private partnership that recruits business to the county. "They don't want to get ahead of themselves."

Hagen said the EDC got involved in the process about six months ago when the company was looking for office space to lease. He said the firm provides business services for companies that were looking to outsource them.

"They have some major clients in the financial industry," he said.

He said the company plans to apply to the county for economic incentive money and that executives expect to go public soon.

"By Saturday, the identity of the company will be revealed," he said.

Florida law allows companies to shield their names from public view for up to two years after applying with an economic development agency.

"My rule was always once they asked for county tax dollars, it had to be public," said former County Commissioner Michael Cox, who served the liaison to the EDC and who helped broker a $30 million incentive deal to lure financial giant T. Rowe Price to the Long Lake Ranch area off State Road 54. The company bought 94 acres in 2009 but has yet to begin construction. Under the county's agreement, the first building must be completed by 2015.

Hagen said he expects the deal with the mystery company to be firm, unlike some past prospects that used Pasco as leverage to get sweeter deals from larger counties.

"They seem dead-on serious," he said.

Pasco County Commissioner Ted Schrader, who currently serves on the EDC board, said he had not been briefed on the matter.

"But when it comes, we'll review it and welcome them to Pasco County," he said.

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