03/21/2023 Minutes - Laserfiche WebLink

Home Browse Search

PEDC Board Meeting Minutes Tuesday, March 21, 2023 Page 2 of 4 Discuss and Consider Approval of the Minutes of the Regular Meeting held February 21, 2023 Mr. Roddy made a motion to approve February 21, 2023, minutes. Mr. Coleman seconded the motion. Vote: 4-ayes to 0-nays Discuss and Consider Approval of the February 2023 Financial Statements Secretary/Treasurer Chase Coleman presented financial reports ending February 28, 2023. Mr. Coleman noted February’s sales tax revenue came in at $205,618, which is the highest recorded monthly sales tax revenue within the last 10 years. Mr. Bray inquired about the PEDC investment account, currently being managed by the City through the Texas Investment Pool. Mr. Roddy inquired about the PEDC’s deposits in reference to the depository bid recently issued and awarded to Liberty Bank by the City. Following discussion, Ms. Hammond agreed to research and report back. Mr. Terrell moved to approve the February 2023 financial reports. Mr. Roddy seconded the motion. Vote: 5-ayes to 0-nays Report by Executive Director Maureen Hammond Workforce Solutions Northeast Texas 2022 Partnership Award: Ms. Hammond highlighted that during a recent ceremony in late January, Workforce Solutions Northeast Texas presented a 2022 Partnership Award to the PEDC. She continued by reading the following statement from Mr. Bart Spivey of Workforce Solutions to the board: “The Workforce Solutions Northeast Texas Partnership Award is given to those partners that support the mission of workforce development in Northeast Texas. The Paris Economic Development Corporation has been a strong advocate for Workforce Solutions Northeast Texas in our efforts to serve the businesses, workers, and job seekers in the area. The PEDC has provided $80,000 towards the High Demand Job Training grant program over the last five years. These funds have allowed the Board to apply for an additional $80,000 from the Texas Workforce Commission. Every dollar of these funds has been invested into local training initiatives, aimed to create a more skilled workforce for area employers. Additionally, the PEDC and Workforce Solutions Northeast Texas worked together in 2022 to support a group of dislocated workers in their efforts to find new careers after a business closing. This type of collaboration is essential to the mission of workforce development and we are incredibly fortunate to have partners such as the Paris Economic Development Corporation to help carry out this mission.” EDA Grant for Northwest Industrial Park: Ms. Hammond reported on the current status of the grant. She noted that the environmental assessment was completed on Mar. 13 and that notification of the EDA’s decision to grant funding should occur in the coming weeks. Lionshead Specialty Tire & Wheel, LLC.: Ms. Hammond gave an update on Lionshead by stating they have executed a contract with their local contractor and should be sending a notice to proceed any day. She also noted that the company is working on a development agreement with the city and are in the process of ordering equipment. Hiring is not anticipated to start until 2024.