04/18/2017 MINUTES - Laserfiche WebLink

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PEDC Board Meeting Minutes April 18, 2017 Page 5 of 5 because of the DHL contract, and we tried to highlight all of our assets. One of the biggest advantages we have in Paris, Texas is the New Market Tax Credits and our location on the map of New Market Tax Credits. Another Value Stream we talked about was our Airport. Paris, Texas has a Quality of Life that we made into a Value Stream and that was because you not only have a unique small town feel, but also the hunting and the fishing in the area. • The second component that we presented to the Governor's Office was how we could participate in the electric vehicle industry. We have a skilled workforce and a college that teaches skills in our area that could refurbish electric engines or transmissions in the electric vehicles. The Governor's Office was very impressed with the thinking on this. Phil Rocha who is with the Economic Development & Tourism Division of the Governor's Office and handles a lot of the automobile recruiting asked Mr. Paris to travel to Detroit to an auto show with him. But it did not fit the PEDC schedule. • Project Wind Cave was an RFI that came from the Governor's Office. They visited Paris and put us on a list of finalists. The New Market Tax Credits are a big incentive to them. • Project Sun Bird is still active and the company is looking at a large project and a large amount of people. • Project Clean Rock is making a commitment to Paris and will be coming back to talk in the near future. • J Skinner addendum was approved by City Council at last meeting. Now J Skinner is moving forward with their investments. • The sign is up at the Build to Suit site. It looks very polished. Convene into Executive Session: The Board convened into Executive Session at 4:57 p.m. Reconvene into Open Session and Possibly take action on item(s) discussed in Executive Session. The Board reconvened back into Open Session at 5:09 p.m. No action was taken from the discussion that took place in Executive Session. Discuss Future Agenda Items. No future agenda items were discussed. Adiourn Mr. Wilson made a motion to adjourn. Mr. Brockman seconded the motion. Vote was 3 -ayes to 0 -nays. The meeting was adjourned at 5:10 p.m. Respectfully submitted, Paula Brownfield Administrative Assistant Paris Economic Development Corporation