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06-B PEDC Budget 2007-2008
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06-B PEDC Budget 2007-2008
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8/23/2007 5:44:56 PM
Creation date
8/23/2007 5:44:49 PM
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AGENDA
Item Number
06-B
AGENDA - Type
RESOLUTION
Description
Approving the Paris Economic Development Corporation budget for FY 2007-2008
AGENDA - Date
8/27/2007
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<br />Lamar County - Paris Economic Development Plan <br /> <br />Recommendation: Paris must make every effort to maintain the existing scheduled air service <br />and to increase market demand for flights to Paris. One means to do this would be to expand the <br />educational outreach program at the Paris Junior College. <br /> <br />The Task: Within one year, the community will devise an ongoing plan to create more air <br />traffic at Cox Field. <br /> <br />Seaport: <br /> <br />There is no seaport in Paris. <br /> <br />Motor Carriers: <br /> <br />Due to the large agricultural industry in the county, the area is served by several freight haulers. <br /> <br />Recommendation: There is no specific action the community needs to take regarding this issue <br />relative to economic development. <br /> <br />Utilities: <br /> <br />For many industries, "utilities" are an integral part of the production process. Communities <br />which have an abundant supply of inexpensive energy and large volumes of water have a <br />competitive advantage. <br /> <br />Utilities RESEARCHER Community <br />Electric power 2.0 3.0 <br />Sanitary sewer 3.5 3.9 <br />Potable water 4.0 3.7 <br />Natural Gas 4.0 3.8 <br />Telecommunications 4.0 3.6 <br /> <br />Electric Power: <br /> <br />Paris has sufficient electric power capacity to service heavy industry users. Businesses which <br />use extremely large amounts of electricity in their process (electric fired steel mill) often seek a <br />lower cost state such as Texas, and the cost in Paris is not competitive with surrounding states. <br />More generation is needed to offset demand, and by cheaper means. Recently TXU discontinued <br />the construction of several new coal fired plants in north Texas. Nuclear powered plants would <br />now be a good alternative. <br /> <br />Recommendation: PEDC needs to articulate and lobby this issue relative to economic <br />development with area electrical generation companies. <br /> <br />Paris Economic Development Corporation <br /> <br />Page 26 <br />
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