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Paris Economic Development Corporation <br />FY 2013 -14 Plan of Work <br />Board Planning Retreat Notes <br />On November 6, 2013 the Paris Economic Development Corporation (Paris EDC) Board of Directors <br />participated in a planning retreat to discuss the 3 -Year Business Plan and to develop the FY 2013 -14 <br />Plan of Work. The following notes were taken from the discussion. <br />1. Reassess and revise Business Plan with focus on Strategies 1, 2, & 3. <br />a. "Drop back" and assess the status of the plan and focus on 2 -3 items. <br />b. Set specific goals then develop a "road map" with short, medium and long -term priorities. <br />c. Financial considerations. <br />2. Ensure short- and long -terns fiscal sustainability. <br />a. Manage existing scarce resources and find ways to enhance them. <br />b. Operating budget follow- through: allocate budgeted resources ($75,000) to implementation <br />and/or contingency. <br />c. Continue discussion of our financial position and obligations and provide the following <br />follow -up information to the Board. <br />i. Receivables: Skinner loan payoff date and Triton refund of $46,744. <br />ii. Provide information and conduct a risk assessment on loan guarantees for Rogers - <br />Wade Manufacturing and BodyGuard Truck Accessories. <br />iii. Details on term, cost etc. for CapOne $2M line of credit. Is there a $2M cap on the <br />LOC? <br />d. Identify alternative sources of revenue including grant funds availability for industry targets. <br />i. Continuously monitor grant sources and uses, including USDA, EDA and other state <br />and federal agencies. <br />ii. Look for government projects, especially healthcare related (e.g. mental health and <br />drug treatment). <br />3. Discuss formation of Board working committees for the following items. <br />a. Website, Dashboard & Marketing <br />b. ROI & Metrics <br />c. EDO Certification & Site Ready Documentation <br />d. Incentives and Abatement Policies <br />e. Workforce Strategies/Work Ready Community <br />f. Airport Industrial Development Plan <br />4. Cultivate new industry project pipeline to continue our "core business" of industrial <br />development for primary jobs. <br />a. Focus marketing and relationship building efforts on the following industry targets: <br />i. Food and consumer goods manufacturing <br />ii. Water using industries <br />iii. Supply -chain related companies complimentary to existing local industry <br />b. Existing Business Retention and Expansion (BRE) <br />c. Evaluate and identify Airport Industrial Park opportunity costs and prospects: <br />i. Information from Airport 10 -Year Master Plan. <br />ii. Cost of IOK sq. ft. hanger space. <br />iii. Leverage T &K relationships and Mr. McConn. <br />d. Leverage our rail infrastructure with Kiamichi Short-line and their parent company: <br />