06-B PEDC Budget 2007-2008 - Laserfiche WebLink

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Lamar County - Paris Economic Development Plan Task Completed By Completed When 4. In order to expand the existing economic development program, more funding is necessary. A. Within six months, an approved budget, which will cover the increased costs of the expanded economic development program for the next three years, shall be PEDC, City of Paris January, 2008 secured. 5. To be competitive in the economic development marketplace, a Business Incentives Program is needed. A. Within six months, the community shall establish criteria to determine the conditions under which a primary employer will receive an incentive to expand in or PEDC January, 2008 locate to Paris. 6. Most businesses looking to locate would prefer to lease or purchase an existing building which exactly meets their facility needs. A. Within one year, the community should create a "virtual building" and use it PEDC Marketing June, 2008 in its recruitment program. B. Within two years, the community should design and construct a speculative PEDC Marketing June, 2009 building. 7. The availability of a trained or trainable workforce is one of the most important issues to a company. A. Within two years, the community will develop a comprehensive worker training system which has the ability to create and fund customized training programs Paris Junior College June, 2009 for qualified primary businesses. 8. A commercial airport, one which provides direct jet air service to major hubs, is essential to most businesses today. A. Within one year, the community will devise an ongoing plan to create more PEDC, City of Paris June, 2008 air traffic at Cox Field. 9. High speed telecommunications capability will become even more important in the future. A. Within one year, the community will create a "Telecommunications Task Special Task Force created Force" to evaluate the current telecommunications system in the area and devise a plan by PEDC June, 2008 to create a "21 st Century" system in the future. Paris Economic Development Corporation Page 37