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NORTHEAST TEXAS RUR.AL COMPETITNENESS &INNOVATION CLUSTER <br />EXECUTIVE SUMMARY AND INTEGRATED SCOPES OF WORK FOR EDA & USDA FUNDS <br />Goal 2: Through quaiity and continuous improvement, we will identify, address and remave barriers and <br />limitation for "project ready" buildings and ]and, and also in our permitting, licensing, inspection <br />services and overall business friendly capabilities. <br />Strategy 3: Advanced Manufacturing Academy and "Talent Ready" (MFG. ACADEMY COALITION) <br />The talent pipeline for Paris and the NE Texas Region is prepared to meet the needs, requirements and <br />expectations of current and future business and industry. <br />Goal 1: Advanced manufacturing, and especially food and consumer products, are constantly upgrading <br />facilities, equipment, technologies, processes and operational requirements. In response to these <br />dynamics and constant pace of change, we will develop the skills and competencies of our workforce <br />accflrdingly. <br />Goa12: Ensure that owr people have access to the braining, certification, degrees and updated skills <br />development programs to compete globally, incIuding new, creative ways of delivering a high-quality <br />workforce supply at all levels. <br />Strategy 4: Entrepreneurlal Resources (VE1vT'URE DEVELOpMEvT TF.AM) <br />' Paris EDC wi11 continue support of the Red River Region Business Incubatar {R3bi} and establish a <br />' regional venture development organization to create a dynamic environment (an eco-systean) supporting <br />small business and entrepreneurs. <br />Goal l: Establish an umbrella organizarion (a Venture Development Organization - VDO) to facilitate, <br />coordznate and promote various resources and services that assist in creating sustainable businesses in <br />Paris and the region, and enhance economic growth. The VDO wil] provide a flexible portfolio of <br />services, including: expert assistance to emerging high-growth companies; facilitate or make direct <br />financial investments; and, speed commercialization of new products and technology to the market. <br />Goa12: Establish a portfolio of financial resources including, but not Iimited to venture capital, angel <br />funds, loan funds and other inveshnent resources that will provide capital to potentiai high-growth start- <br />ups and early stage ventures. <br />Goa13: Identify opportunities to create spinoff businesses that support and leverage the local and <br />regional presence of the global brands in the food and consumer products manufacturing sector, with a <br />focus on opportunines to serve the current and future vendor/supply chain needs and requirements. <br />Strategy 5: RwraI Innovation IWtiative (RuRAL INNOVArroN CornvclL) <br />Paris and NE Texas will lea.d the State of Texas as a rural region committed to building a culture of <br />innovadon. <br />Goal 1: Attract the best minds, thought leaders and innovators to our region by opening our community <br />to the newest ideas and strategies that improve upon the competitiveness of our industries and the lives <br />of our citizens. <br />Goal 2: Create an innavation hub at the Paris EDC's industrial park focused on advanced manufacturing, <br />and launch rural forum on food and production sustainability. <br />164 <br />