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4. Evaluate and pursue opportunities to convene and collaborate on issues and projects of <br />importance to the larger region of NE Texas. <br />Primary Contact: Steve Gilbert, Executive Director <br />Paris Economic Development Corporation <br />1125 Bonham Street <br />Paris, Texas 75460 <br />(903) 495-4647; sgilbcriCioparistexasusa_cgm <br />Badget and Financial Resources <br />Total Grant Fund Request; $215,000 from USDA <br />500,000 from EDA <br />Total $715,000 <br />Matching funds are provided by the Paris Economic Development Corporation's annual sales tax <br />revenue for economic development. Budget documents and SF 424 are attached. <br />Project Impact and Measurable Outcomes <br />As a result of our three-year initiative the following impactful and measurable outcomes are <br />predictecl: <br />1. 2,350 small businesses will be assisted (50% of 2011 new business starts in region) <br />2. 560 new sustainable enterprises will open (20% survivai rate doubled to 40%) <br />3. 2,800 jobs will be created (8 new jobs per startup) <br />4. $28,000,000 will be generated for the economy ($50,000 per company) <br />5. The requested $715,000 in grant funds will be matched and leveraged: <br />a. $804,750 in local Paris EDC funds will be matched. <br />b. $2,680,000 in private capital will be leveraged <br />Please forward any questions or advice at your convenience. <br />Submitted with Kindest and Sincere Regards, <br />A;V_6Aa4"r <br />Executive Director <br />Paris Economac Development Corporation <br />].5 <br />176 <br />