Phosphate giant Mosaic is moving its headquarters to Hillsborough County

Mosaic is relocating their headquarters to Hillsborough County. Their selection of Hillsborough County reinforces and proves that this community offers the business climate, talent, cost advantages and quality of life that a Fortune 500 global headquarters operation requires. No tax incentives were offered for this move.

By Janelle Irwin  – Reporter, Tampa Bay Business Journal

The Mosaic Company (NYSE: MOS) will move its corporate headquarters from Minnesota to Hillsborough County, the company announced Monday evening.

Details of where the company will locate, when the move will occur and how many employees will be added remain under consideration, but the company intends to move all of its senior executives and their related functions to the new location once it’s determined.

The Fortune 500 phosphate mining company is currently headquartered in Plymouth, Minnesota.

Mosaic already has its largest domestic presence in Florida, including in Tampa. The company employs 3,000 Floridians and another 3,000 contractors.

The company’s 2017 economic impact in Florida included:

• $465 million in payroll
• $307 million in capital expenditures
• $41 million in land reclamation
• $28 million in county tangible and real estate taxes
• $40 million in state severance and sales taxes
• $1.1 million to United Way organizations in Florida

“Recruiting corporate headquarters is a top priority of our three-year strategic plan,” said Dr. Alan F. List, chairman of the Tampa Hillsborough Economic Development Corp. and president and CEO of Moffitt Cancer Center, in a statement announcing the move. “Mosaic’s selection of Hillsborough County proves that this community offers the business climate, talent, cost advantages and quality of life that a Fortune 500 global headquarters operation requires.”

Moving to Hillsborough County means Mosaic will have a closer proximity to Mosaic Fertilizantes, which it acquired from Vale Fertilizantes in Brazil. The company will also be able to increase its presence in Central Florida.

“We believe locating our corporate office there will give us opportunities to amplify Mosaic’s presence and engage more closely with communities where we operate. With the cost savings we expect to achieve and the closer proximity to our Mosaic Fertilizantes business in Brazil, this move will drive improved efficiency and good value,” Mosaic President and CEO Joc O’Rourke said in a statement.