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717 <br /> <br /> PEDC <br /> Executive Summary <br /> 2002 - 2003 <br /> Page 2 <br /> <br /> This next year will bring tremendous challenges to the very <br /> existence of the economic development corporations across the state. <br /> The Texas Legislature has undertaken many interim studies about <br />the Sales Tax for Economic Development. With the State facing <br />budget shortfalls, as well as our local and.national governments, the <br />finding of economic development will be an issue. <br /> There are certainly isolated instances of abuse and misuse of <br />the sales tax for economic development, which will inevitably be <br />used against the entire economic development community. Our <br />position should be for maintained local control and continue to <br />follow the letter and intent of the law, as we have always done here <br />in Paris, Texas. Through the Texas Economic Development Council <br />and the Texas Economic Development Sales Tax Association we can <br />support efforts to keep the economic development sales tax in place. <br /> Preparedness and aggressive marketing is the order of the day <br />for the Paris Economic Development Corporation. 'Marketing of the <br />existing properties we have and being prepared to facilitate future <br />locations is what will bring Paris the desired primary employers to <br />move our economy forward. <br /> <br /> <br />