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<br /> <br /> a <br /> iIXAS <br /> <br /> P R I S <br /> FIRST Pwr FOR REVIEW AN0 COMMENT X-5-101 Economic Development Gorp(mition <br /> <br /> PEDC Plan of Work <br /> (Fiscal Year 2010-11) <br /> <br /> FY 2010-11 BUDGET HIGHLIGHTS <br /> 1. Conservative projected revenues based on '/4 cent City of Paris Type A Local Sales <br /> <br /> Tax approved by voters in 1993. <br /> 2. Strong cash reserves of approximately $2.6M. <br /> 3. Slight decrease in major medical insurance costs with reduced benefits for staff. <br /> <br /> 4. 3% cost-of-living increase budgeted for Administrative Staff only. Requires Board <br /> approval to implement. <br /> 5. Staff training will be provided to cultivate critical economic development knowledge, <br /> <br /> skills, abilities and certifications. <br /> 6. Year 2 of Chamber Administrative/Rent Fees. <br /> 7. $30,000 cash matching funds and in-kind support for Red River Region Business <br /> <br /> Incubator. <br /> 8. Increased engagement and support of the Diversity Taskforce. <br /> 9. Transition financial management in-house by October 1, 2010. <br /> <br /> <br /> PEDC's CORE BUSINESS <br /> TO DRIVE THE ECONOMIC DEVELOPMENT PROCESS FOR PARIS AND LAMAR COUNTY <br /> <br /> 1. Earn our Role as Paris' Lead Organization for Business Recruiting, Retention, <br /> Expansion and Job Creation. <br /> <br /> A. Serve as the Single Point of Contact for Prospects. <br /> B. Develop & Nurture Collaborative Partnerships. <br /> <br /> 2. Promote and Market the Paris, Texas Brand and our Location Advantages. <br /> A. Launch Targeted Marketing to Fill Project Pipeline. <br /> <br /> B. Create a Quick Response Proposal Management Engine. <br /> C. Provide Information and Tools for the Development & Real Estate Community. <br /> <br /> 3. Listen to Business and Industry and Champion Pro-Business Public Policy. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 3 <br /> <br /> 0234 <br />