2002-10-09-Minutes - Laserfiche WebLink

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818 President. Guest called for the Director's report. Mr. Vest said since the last meeting, there have been ten inquiries to the advertisement program. Two proposals have been submitted for food processing through the Texas Department of Economic Development. Mr. Vest advised that Eric has submitted a proposal on the Oliver Rubber building from a prospect that came from the Texas Department of Economic Development. Mr. Vest said on September 3, 2002, they had a rather large Fortune 500 Company looking at a site just north of Kimberly Clark. He said this project is called Project Winner and it came through the Texas Department of Economic Development, which is highly confidential. Mr. Vest advised that it is a tremendous project and they would need a million square feet of building, and it would create several hundred jobs. Mr. Vest said he was furnishing this company with additional information. In the next several weeks, he is going to have to put the PEDC's proposal in writing to them as for as incentives, and will continue to pursue this project. Mr. Vest said he would keep the Board posted on the progress of the project. Mr. Vest advised that he met with Senator Ratliff on August 30, 2002 about some of the legislation coming down, and he assured him that if Mark Homer can get his legislation through the House, he will push it through the Senate. Mr. Vest said he has been concerned about a lot of the bills that are being proposed to do away with the Economic Development sales tax and Senator Ratliff is going to really keep a watch on that. Mr. Vest said he met with Ralph Bill and Bill Dickey about the medical development north of Paris. Mr. Bill asked him about the PEDC doing the infrastructure out there, and Mr. Vest said he told him the PEDC could not do that and gave him the AG's opinion where Sweetwater, Texas was asked to do that for a medical facility and the AG's said no, they could not do that.