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<br /> <br /> f <br /> <br /> TEXAS <br /> P R I S <br /> <br /> Flur Awr FOR &VIEW AND COMMENT X--540) Economic Development Corpowtion <br /> PEDC Plan of Work <br /> (Fiscal Year 2010-11) <br /> <br /> PURPOSE, GOALS & DUTIES <br /> <br /> (2010 Updated Bylaws) <br /> <br /> PEDC's Purpose <br /> To promote, stimulate and enhance economic development in Paris and Lamar County. <br /> <br /> PEDC's Goals <br /> 1. To create new jobs and retain existing jobs. <br /> 2. Conduct planning, research and job training activities to promote: <br /> <br /> i. Business retention and expansion. <br /> ii. Formation of new business. <br /> iii. Business attraction. <br /> <br /> 3. Develop and implement marketing strategies to promote PEDC's programs and <br /> services and educate stakeholders. <br /> <br /> PEDC Duties <br /> The following duties will be the focus of the PEDC Board and Staff: <br /> <br /> 1. Strategic Planning <br /> A. Develop an overall ED plan for the City, including long- and short-term goals to be <br /> <br /> approved by City Council. <br /> 2. Managing, Resources <br /> <br /> A. Manage finances within the law for economic development goals that have a direct <br /> benefit to the citizens of Paris, Lamar County, Texas. <br /> B. Develop parameters for ED funding requests and collaborate with the City and <br /> <br /> County to negotiate and implement ED funding agreements. <br /> 3. Accountability Reporting <br /> <br /> A. Prepare & submit to City Council by June 30th annually: <br /> i. Updated ED plan. <br /> ii. Proposed annual budget and plan of work with programs, projects and tasks for <br /> <br /> the fiscal year. <br /> B. Present Quarterly Reports (Jan., Apr., Jul., Oct.) and an Annual Report to City <br /> Council by Feb. 1St <br /> <br /> <br /> 2 <br /> <br /> nP.q 11 <br />