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<br />PEDC BUDGET WORKSHEET
<br />Acct #
<br />Account Name,'—
<br />BUDGET
<br />VOR,2017-
<br />2018,
<br />BUDGET
<br />FOR,2018-
<br />� � � 2019
<br />CHANGE
<br />CLTRR NT N©TES
<br />ITEM DESCMPT ©N
<br />MARKETING AND PROMOTION
<br />Secure Jobs/Retention/Bus.Retention & Expansion
<br />5,000.00
<br />5,000.00
<br />0%
<br />Was not spent.
<br />Emergency fund for hosting C -level executives of our local plants. Includes emergency
<br />travel for PEDC board members and City Council members.
<br />Lamar County Days 2019
<br />-
<br />10,000.00
<br />9DIV/0!
<br />Every Two Years
<br />Expenses are directed towards tent & parking meter rental; Grounds rental/trash removal;
<br />reception fees; two night hotel for Executive Director and PEDC Board member.
<br />MarketingAirport as Industrial Site
<br />rp
<br />10,000.00
<br />10,000.00
<br />0%
<br />Was not spent.
<br />Approved by the PEDC board and the Paris City Council. Plan not articulated yet with the
<br />Cox Airport advisory group.
<br />Industry Attraction Video
<br />10,000.00
<br />10,000.00
<br />0%
<br />Was not spent.
<br />Approved by the PEDC board and previously approved by the Paris City Council. Working
<br />with LCCC, Downtown Development and VCC on a comprehensive theme.
<br />Marketing and Promotion
<br />75,000.00
<br />90,000.00
<br />20%
<br />Extra Marketing funds needed for: video work;
<br />mail campaign; out town presentations in
<br />California and Illinois .
<br />Leverage marketing efforts by participating in Team Texas. Travel can include:
<br />XPONENTIAL; TEDC Mid -year Conference; IFT Conference & Expo; Westec; IAMC
<br />Annual Forum; Team Texas Road Show; TEDC Annual Conference, Fab Tech and other
<br />conferences.
<br />0315
<br />TOTAL MARKETING AND PROMOTION
<br />$ 100,000.00
<br />$ 125,000.00
<br />25%
<br />$ 25,000.00
<br />TOTAL OPERATING EXPENSES
<br />$ 417,100.00
<br />$ 451,300.00
<br />8%
<br />$ 34,200.00
<br />JOB TRAINING -DIRECT INCENTIVES -DEBT SERVICE -CAPITAL
<br />INCENTIVES
<br />JOB TRAINING
<br />Campbell's/KC-ACT WorkKeys
<br />1,000.00
<br />500.00
<br />-50%
<br />ACT WorkKeys is offered to area high school students for application to Campbell Soup.
<br />50,000.00
<br />-
<br />-100%
<br />Paid before the end of Sept. 2018
<br />Reimbursement for Results training programs.
<br />High Demand Job Training & Recruiting Match Gra
<br />-
<br />25,000.00
<br />9DIV/0!
<br />Paid on 3 occasions - 9/2015, 6/2017, 9/2017
<br />TWC matching grant (50/50) for training equipment (CNC machine) bought for PJC.
<br />0318
<br />TOTAL JOB TRAINING
<br />$ 51,000.00
<br />$ 25,500.00
<br />-50%
<br />DIRECT BUSINESS INCENTIVES
<br />American Spiral Weld -Upfront
<br />$ -
<br />$ 1,500,000.00
<br />9DIV/0!
<br />In anticipation of new business.
<br />Payable 14 days after construction begins. PEDC $500,000.00 and $1,000,000.00 from
<br />Local Banks loan to PEDC.
<br />American Spiral Weld -Jobs (See Footnote 91)
<br />$ -
<br />$ 1,000,000.00
<br />9DIV/0!
<br />In anticipation of new business.
<br />$25,000 per job payable on jobs over 60.
<br />J. Skinner
<br />$ -
<br />$ 400,000.00
<br />9DIV/0!
<br />Incentive agreement.
<br />Incentive agreement, if completed, is payable after September 30, 2018.
<br />0044
<br />Pa-fis Lakes
<br />$ 250,000.00
<br />$ -
<br />-100%
<br />Did not complete incentive agreement
<br />Taken back out of Direct Business Incentives.
<br />0047
<br />$ 25,000.00
<br />$ -
<br />o
<br />-100%
<br />Incentive completed
<br />Bodyguard hired and employed a total of twenty-five FT persons, exceeding their goal of
<br />fifteen persons.
<br />0053
<br />fs liAti.tfies
<br />$ 8,000.00
<br />$ -
<br />-100%
<br />Incentive completed
<br />Last payment towards current incentives. Compliance good.
<br />$ -
<br />9DIV/0!
<br />Promissory note was paid in 2017-2018 year.
<br />Plum Line.
<br />Daisy Dairy
<br />$ 94,900.00
<br />$ 113,150.00
<br />19%
<br />Did not complete incentive to receive the 2017-18
<br />payment.
<br />Portion allotted according to their incentive agreement.
<br />TOTAL DIRECT BUSINESS INCENTIVES
<br />$ 377,900.00
<br />$ 3,013,150.00
<br />697%
<br />PAGE 2 August 7, 2018 PEDC Board Approved the 2018-2019 Budget
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