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<br /> <br /> PARIS 1125 Bonham Street <br /> ECONOMIC Paris. Texas 75460 <br /> DEVELOPMENT 903.784.2501 <br /> CORPORATION Fax: 903.784.2503 <br /> <br /> 2003-2004 <br /> PROGRAM OF WORK <br /> <br /> Executive Summary <br /> <br />What an exciting time it is to be a part of the Paris Economic <br />Development Corporation. All indications point to great things ahead <br />for Paris and Lamar County as we embark on some exciting new <br />projects that will lead to new primary jobs for the residents of our <br />community. The past year hàs been a very trying but exciting time. A <br />weakened national economy has affected us at the local level, but we <br />are extremely blessed that our local economy has been amazingly <br />strong through this down business cycle. It appears that the worst is <br />probably behind us, and with a committed community effort, 2004 <br />should be one of the best years our community has ever experienced. <br />Work is moving ahead on the Northwest Industrial Park as we <br />have completed the design phase and are moving into the infrastructure <br />development stage. Hopefully, by the end of the year, we will see one <br />of our first tenants moving in. The list of prospective companies that <br />want to build in the industrial park has grown to five. That response is <br />greater than anticipated and demands our most diligent effort to <br />complete this project. When completed, the Northwest Industrial Park <br />will be one of the finest in Northeast Texas. <br />One of the most critical issues facing our community is finding <br />ways to diversify our economy. Our country is moving toward a <br />service oriented economy and Paris must not be left behind. The C- <br />Tech Project is a great stride in the right direction that will allow our <br />workforce to develop new skills. Also, we will be able to tap into a <br />segment of our workforce that is currently not being utilized. <br />Despite a record $10 billion budget shortfall, the Texas <br />legislature made some of the most sweeping and significant changes to <br />the state's economic development program in over a decade. <br /> <br />www.paristexas.com <br />