06 - Minutes and Reports from Boards-Commissions

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PEDC Board Meeting Minutes January 23, 2018 Page 3 of 4 system. Mr. Stout stated that we do not have a server onsite, so that would keep costs down. Mr. Hamill reminded everyone that the political side of this will need to be addressed. Mr. Paris suggested having a couple of public sessions. Mr. Hughes asked about making the restrooms more accessible to our office. Ms. Brownfield saw blueprints showing plans for two bathrooms in our office space, We looked into tuming the file room into a bathroom. Mr. Paris told us the Historical Society has conditions to follow in order to do renovations. The discussion ended with the PEDC looking at all its options. Discuss and possibly approve an Economic Impact Study beginningZ in 1993 to present dgy. Mr. Paris said that during to election we found that projects from the beginning of the PEDC had not been researched to show the impact the PEDC has had on the City of Paris. We would like to start at 1993 going through 2017. Frisco just completed a study from when they began to see the overall impact of their economic development and have been using a template of the study to show the current impact on a yearly basis. A study for the PEDC would be used to report to the citizens of Paris how their tax dollars are used and the impact to Paris. The first prospect suggested to do an impact study is Insight Research Corporation who has done work for both Frisco and Alliance Airport. The packet has a list of clients Insight Research has worked with. Elizabeth Morris is the CEO and Chief Economist for the fin -n. The second prospect is Impact DataSource from Austin. A principal of the company is Jerry Walker, Economist, This group was offered to us by Oncor to do the economic impact of American SpiralWeld we submitted to the Texas Enterprise Fund. Mr. Paris would recommend Insight Research; either company would do a good job. Mr. Manning asked if this could be used to show the public what impact we have on a yearly basis in terms of jobs and money, Mr. Paris answered that it could. There are three Cost Elements: 1. the EDCs impact since 1993; 2. the 2017 impact which would have a template to use in the coming years; 3. a Project template that shows the value of the project in relation to jobs and incentives. An impact study would give us a bar to work with. Mr. Paris asked the Board if he could talk to Insight Research about the costs and negotiate with thern. The Board would like to have a formal presentation at the next Board Meeting. Mr. Paris said he would invite Insight Research to talk to the Board. No motion needed to be made at this time. Executive Director's Monthly Report. PAVED was held today at Love Civic Center for bUSUICSS, 1111 n01-1 ty-O"'lled bUsilless 01" wonian-o%viwd business to learn about Nddlrig on loc,,fl prolccts In and around 1.anlar COLH-ity. 50+ attended the TxDot event highlighting upcoming subcontracting opportunities for highway and building construction in Northeast Texas. Plastec Conference will be February 6"'-8"' in Anaheim, California. Oncor invited us to participate with them, • TEDC Winter Conference will be held February 21 "-23'"d in San Antonio. • Evaluating properties for future industrial development, If American takes most of the Business Park, we will need to look for future industrial space. Phase I environmental is complete on the NW comer of the Industrial Park. We are working on the biotechnical now. One thing we have found is that we need to be more site ready with ground ready to break. a Travel schedule for 2018 Team Texas events, Will have this for the next meeting.