French flavoring company Monin will expand its Florida operations by building a new $111 million manufacturing and distribution facility in the City of Zephyrhills, local and state officials announced Tuesday.
Job Creation and Economic Impact
The global beverage and culinary syrup manufacturer plans to purchase 70 acres at the Zephyrhills Airport Industrial Park Ready Site in Pasco County. The project is expected to create more than 100 full-time jobs during its initial phase, with the company designing the facility to accommodate its projected U.S. growth over the next 10 to 20 years.
Monin executives selected the Pasco County location after evaluating 10 potential sites across four states. The site’s proximity to Monin’s original facility in nearby Clearwater will allow the two locations to share expertise as operations ramp up.
Incentive Package and Economic Projections
The City of Zephyrhills approved an incentive package on Monday totaling $3,289,372 to secure the project. The agreement requires Monin to create 100 new full-time positions with average annual wages of at least $46,760.
Economic projections indicate the project will generate 564 job-years locally during construction and $148.4 million in economic output through 2026. Once operational, the facility is expected to support 173 total ongoing jobs and contribute $53.9 million in annual output.
Original reporting: Tampa Free Press — read the source article.
