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180 <br /> <br /> <br /> PARTICIPATION: The Paris Economic Development <br /> Corporation will determine on a case by case basis the best way <br /> to encourage job creation by new or existing industry. The <br /> PEDC may participate in any of the following ways: <br /> <br /> * direct loans, including subordinated to bank debt <br /> <br /> * loan guarantees <br /> <br /> * extension of utilities to an industrial site/site development <br /> <br /> * interest rate write-downs <br /> <br /> * rent subsidies <br /> <br /> * land or building purchase/lease (could include <br /> remodeling) <br /> <br /> * build/lease-back <br /> <br /> * job training <br /> <br /> * loans with forgiveness based on job creation <br /> <br /> * reimbursement of relocation expenses <br /> <br /> * issuance of bonds or participation in the Texas Leverage <br /> Fund <br /> <br /> The Laws governing the economic devdopment sales tax are <br /> subject to change. The Paris Economic Development <br /> Corporation should rely on legal counsel in each and every <br /> case to make sure that commitments are within the parameters <br /> of the law. <br /> <br /> <br />