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DRAFT <br />Paris Economic Development Corporation <br />Business Plan - 2012-2014 <br />I s <br />Forward <br />The proposed Business Plan will transform the structure, function and operations of the <br />Paris Economic Development Gorparation (PEDC) and have a"world-class" impact on <br />Paris, Lamar County, Texas and the enfiire Northeast Texas Red River Region. Key <br />features and assumptions are as fallows. <br />The Business Plan is: <br />1. Based on the recommendations provided by Richard Seline, Principle of <br />Regionnovate, Inc., and based on work from the original four working groups. <br />2. Implemented by civic engagement and designed around: <br />A. l Civic Leadership Steering Cornmittee. <br />B. 2 Major Initiatives. <br />C. 5 implementation Strategies conducted by 5 Working Groups. <br />3. Supported by the PEDC Staff with minimal additions. <br />4. Zmplemented by five PEDC-appointed working groups, made up of PEDC Board <br />members, volunteer civic leaders and partner groups and organizations. <br />5. Impiemented over a 3-year period (2012-2014). <br />6. PEDC budget neutral and initially funded within PEDC's existing budget of $1M per <br />yeax. <br />7. Expanded through fund raising activities for specific efforts and activities. <br />8. Built on a funding model of: <br />A. 1/3local PEDC and partner funds. <br />B. 1/3 state and/or federal funds. <br />C. 1/3 private funds from foundations and corporate support. <br />For more information about Paris, Texas contact the Paris Economic Development <br />Corporation at (903) 784-6964 and visit www.parisiexasusa.com,. Look for us on <br />Facebook and Twitter. <br />. <br />_ i 401 <br />