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Medical manufacturer to add 116 jobs in Pasco County expansion

This is a rendering of the planned 125,000-square-foot building that will be home to TouchPoint Medical's global headquarters in Odessa, Pasco County. The site is at the northwest corner of State Road 54 and the Suncoast Parkway in the South Branch Ranch development.
Published Jun. 19, 2018

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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