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<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 />funding 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 váll bring Paris the desired primary employers to <br />move our economy forward. <br />