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DRAFT <br />Paris Economic Development CorForation <br />Business Plan - 20I2-2014 <br />I <br />s <br />A Model of Success ta Be Shared <br />The "four-leg stool" of econamic development provides a basic idea of the key components that <br />a local economic development organization should address wiih its plan af work. With adoption <br />of this proposed 3-Year Business Plan the PEDC Board strives to be a best practice model of <br />successful economic development in a rural community and region. This business plan will <br />make strides to restoring the competitive advantage of Paris and Lamar County and Northeast <br />Texas. Our plans, strategies, processes and methods will be shared to assist other communities <br />create their own local economic future by recognizing their assets and caming together as civic <br />Ieaders to create success unique to their community. <br />Economic Development <br />Four-Leg Stool <br />ff , <br />Small Business <br />& Entrepreneurial <br />Support <br />Pro-Business <br />Public Policy <br />Business • Marketing, <br />Retention Recruiting & <br />& Expansion: Attraction <br />~ <br />24 <br />36 <br />