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NORTHEAST TEXA.S RURAL COMPETITNENESS &INNOVATION CLUSTER <br />EXECUTIVE SUMMARY AND INTEGRATED SCOPES OF WORK FOR EDA & USDA FUNDS <br />Goa12: Through quality and continuous improvement, we will identify, address and remove barriers and <br />Iirnitation far "project ready" buildings and land, 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 C0.lLITION) <br />The talent pipeline for Paris and the NE Texas Region is prepared to meet the needs, requirements and <br />eacpectations 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 wi11 develop the skills and competencies of our workforce <br />accordingly. <br />Goa12: Ensure that owr people have access to the training, 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 />Wo" r~PanE~~ i~,; s supp0rt of the cu~regiorieo~enoganation 0 i~ <br />~ . . . <br />small lius'~ness an{~ . ' ~repren~urs~ ~ <br />Goal 1: Establish an umbrella organization (a Venture Development Organization - VD4) to facilitate, <br />coordinate and promote various resources and services that assist in creating sustainable businesses in <br />Paris and the region, and enhance economic growth. The VDO will provide a flexible portfolio of <br />services, inclnding: expert assistance to emerging high-growth companies; facilitate or make direci <br />financial investments; and, speed commercializatian of new products and technology to the market. <br />Goal 2: Establish a portfolio of financial resources including, but not Iimited to ventwre capital, angel <br />funds, loan funds and other investment resowces 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 ]ocal and <br />regional presence of the global brands in the food and consumer products manufacturing sector, with a <br />focus on opportunities to serve the current and future vendor/supply chain needs and requirements. <br />Strateg;y 5: Rwral Iunovat~on Int~tai#ve I~vlvo~~~^roN Cornv~rL~ <br />paris ar~0 NE T'ex6s °will lead the State of Texas as a`rural regton comi~utted to building a culfi~e of <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 />Goa12: Create an innovation hub at the Paris EDC's industrial park focused on advanced manufacturing, <br />and launch roral forum on food and production sustainability. <br />3 <br />