§ 22-23. Definitions.

As used in this article:

Annual average wage means the annual average wage paid to workers in Pasco County as published by Enterprise Florida, Inc., and compiled by the State of Florida, Agency for Workforce Innovation, Labor Market Statistics, for the most current year published.

Employee means those individuals working for the target business in positions that are covered under and included on Florida Department of Revenue, Employer's Quarterly Report Form UCT-6.

Job creation incentive the monetary award based on the percentage of the Pasco County average annual wage paid for new jobs created in Pasco County for target businesses.

Operation means the target business is open and conducting business at a Pasco County location.

Pasco Economic Development Council is a not-for-profit corporation within Pasco County responsible for promoting and furthering business and economic development within the county including, without limitation, engaging in marketing, advertising, promotional and other efforts to attract new businesses and industries to locate within the county, and further engaging in such efforts to encourage existing business and industries located within the county to expand, and further engaging in such efforts to improve the county's industrial and business property tax base, and further engaging in such efforts which further the creation of new jobs within the county which pay greater than the annual average wage for Pasco County.

Primary target industry (PTI) are those new or existing businesses or industries that sell at least 51 percent of their product or services outside of Pasco County (and specifically excluding all retail activities, utilities, mining and other extraction or processing business, and activities regulated by the Division of Hotels and Restaurants of the Department of Business and Professional Regulation); and will pay at least the annual average wage for Pasco County and which have been certified as a PTI by the staff of the Pasco Economic Development Council. In determining whether a business or industry initially qualifies as a PTI, staff of the Pasco Economic Development Council shall be guided by whether said business or industry is listed in the list of target industries prepared by Enterprise Florida, Inc., in connection with the QTI program.

Promotion means to encourage the existence or progress of industrial, office, research and development, life-sciences and other business development within Pasco County, Florida.

Qualified target industry (QTI), as defined by the state, are those businesses or industries serving multistate and/or international markets (and specifically excluding all retail activities, utilities, mining and other extraction or processing business, and activities regulated by the Division of Hotels and Restaurants of the Department of Business and Professional Regulation) and that are able to create new jobs at greater than the annual average wage for Pasco County and which have been further approved by the state as a QTI pursuant to F.S. § 288.106.

Target businesses are those industries or businesses that meet the definition of qualified target industry or primary target industry or both.

(Ord. No. 10-08, § 3, 5-25-10)