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143 <br /> <br /> RECOMMENDED GUIDELINES: The Paris EConomic <br /> Development Corporation wants to encourage the <br /> development of vigourous, competitive businesses and to <br /> maximize the impact of the funds generated by the economic <br /> development sales tax. Therefore, the PEDC will make its <br /> investment decisions in accordance with the following <br /> principles: <br /> <br /> a) Businesses must demonstrate financial health and the ability to <br /> remain financially sound. <br /> <br /> b) Funds committed by the Paris Economic Development Corporation <br /> should be used to enhance or leverage commitments from private <br /> sector lenders and/or other public sector programs including: <br /> <br /> * enterprise zone <br /> * SBA 7(a) loan guarantees <br /> * SBA 504 fixed asset loan <br /> * Texas Capital Fund <br /> * Texas Leverage Fund <br /> * Texas Smart Jobs Fund <br /> * Exporters Loan Guarantee Program <br /> * Ark-Tex Regional Development Company Revolving Loan Fund <br /> * Economic Development Administration and other new state and <br /> federal programs. <br /> <br /> c) Techniques which provide substantial support to businesses in the <br /> job creation process and at the same time preserve capital for <br /> future use with other businesses will be used whenever possible. <br /> Such techniques could include loans rather than grants, loan <br /> guarantees, interest rate write-downs, subsidized rent during a <br /> start-up or relocation time frame, leveraging bank loans by taking <br /> a subordinated position, etc. <br /> <br />__ d) The project must be located within Lamar County. <br /> <br /> <br />