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DRAFT <br />Paris Economic Development Corporation <br />Business Plan - 2012-2014 <br />L . <br />s <br />Purpose, Goals & Duties (2014 Updated Bylaws) <br />The fo)Iowing information describes the Paris Econamic Development Corporation (PEDC). The <br />purpose, goals and duties are defined in our bylaws and is consistent with the desire of the voters of <br />Paris, Texas when they approved the Type A local $.0025 (]l4 penny) sales tax that provides operating <br />funds for PEDC. The PEDC board of directors is appointed by the Paris City Council. The board <br />approves the annual budget, plan of work and manitors finances of ihe organization. <br />PEDC's Purpose <br />To promote, stimulate and enhance economic <br />development in Paris and Lamar County. <br />PEDC's Goals <br />1. Ta create new jobs and retain existing jobs. <br />2, Conduct planning, research and job training <br />activities to promote: <br />A. Business retention and expansion. <br />B. Formation af new business. <br />C. Business attraction. <br />3. Develop and implement marketing strategies <br />to promote PEDC's programs and services <br />and educate stakeholders. <br />3. Listen to Business and industry and <br />Champion Pro-Business Public Folicy. <br />PEDC Basic Duries <br />The following duties will be the focus of the <br />PEDC Board and Staff: <br />Strategic Platining <br />1. Develop an overall ED pian far the City, <br />including long- and short-term gaals to be <br />approved by City Council. <br />Managing Resources <br />2. Manage finances within the law for <br />econamic development goals that have a <br />clirect benefit to the citizens of Paris, Lamar <br />PEDC's Core Business <br />To Drive the Econamic Development Process <br />for Paris and Lamar County. We will strive to: <br />Earn our Role as Paris' Lead Organization <br />for Business Recruiting, Retention, <br />Expansion and Job Creation. <br />A. Serve as the Single Point of Contact for <br />Prospects. <br />B. Develop & Nurture Collaborative <br />Partnerships. <br />2, Pramote and Market the Faris, Texas Brand <br />and our Lacation Advantages. <br />A. Lauxxch Targeted Marketang to Fill <br />Praject Pipeline. <br />B. Create a Quick Respanse Proposal <br />Management Engine. <br />C. Provide Information and Tools for the <br />Development & Real Estate Community. <br />4 <br />1.6 <br />County, Texas. <br />Develop parameters for ED funding requests <br />and collaborate with the City and County to <br />negotiate and implement ED funding <br />agreements. <br />Accountability Reporting <br />4. Prepare & submit to City Cowncil by June <br />30"' annually: <br />A. Updated ED plan. <br />B. Proposed annual budget and plan of <br />work with programs, projects and tasks <br />for the fiscal year. <br />Present Quarterly Reports (Jan., Apr., Jul., <br />Oct.) and an Annual Report to City Council <br />by Feb. 1$`. <br />