LAND O’ LAKES — Encompass Health. a provider of patient rehabilitation, home health and hospice services, is bringing its regional business office and 179 jobs to Pasco County.
The company plans to build a 37,000-square-foot office and administrative building within the Bexley by Newland Communities on the north side of State Road 54, just east of the Suncoast Parkway. The capital investment, including land purchase and construction, is listed at $15.2 million.
The company currently is operating in rented space in Hernando County.
"We’re really excited. There’s something to be said about a publicly traded company choosing Pasco,'' said Bill Cronin, president/CEO of the Pasco Economic Development Council.
To entice the company, Pasco offered an incentive package totaling $983,000. It includes $234,000 for 117 of the new jobs; $329,000 for the county’s transportation fee, $290,000 for a 10-year tax reimbursement, up to $80,000 in building permit fees and $50,000 to train Pasco-based employees.
The county’s job incentive program offers $2,000 for each created job that pays at least 15 percent above the county’s prevailing annual wage of $37,315. That means Encompass will be creating 117 jobs paying at least $42.912, under the county formula.
The site, on the west side of Bexley Village Drive, currently is owned by Newland’s NNP-Bexley LLC.
Encompass Health will serve its facilities in 25 states and Puerto Rico from the Pasco location, Cronin said. Encompass Health is a national leader in integrated health care services and has 133 hospitals 245 home health locations, and 82 hospice locations in 37 states and Puerto Rico.