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City Council Budget Presentation <br />Paris Economic Development Corporation <br />August 13, 2012 <br />New & Existing Industry Projects <br />Budget <br />As % <br />New Industry Recruitinb <br />$ 160,762 <br />8.12% <br />Project Fresh Air lncentive <br />250,000 <br />12.62% <br />Retail Attractions <br />33,000 <br />1.67% <br />Business Plan Implementation <br />115,000 <br />5.81% <br />Research 360/EMSI Tools <br />15,995 <br />0.81 % <br />Sub-Total New Industry <br />$ 574,757 <br />29.02°/a <br />Existing lndustry Support <br />$ 85,762 <br />4.33% <br />Incubator Operations <br />95,500 <br />4.82% <br />Campbells Soup Solar Project <br />100,000 <br />5.05% <br />Rogers Wade ]ncentive <br />60,000 <br />3.03% <br />Business Plan Implementation <br />15,000 <br />0.76% <br />Workforce Training <br />50,000 <br />2.52% <br />Bond Payments <br />355,264 <br />17.94% <br />Sub-Total Existing Industty <br />$ 761,526 <br />38.46% <br />To Reserves <br />199,911 <br />10.10% <br />Depot Lease Savrngs <br />60,000 <br />3.03% <br />To Reserves with Depot Lease Savings <br />259,911 <br />13.13% <br />Total Budget $ 1,980,264 100.00% <br />FY 2012-13 BUDGET HIGHLIGHTS <br />1. Changes to Depot Lease Agreement. development friendly, especially related to permits <br />2. Reduce Fized Overhead Costs. and licensing. <br />3. 10 Yr. Financial Plan Underway (Dority/Carr). <br />4. Communications and Market Positioning Plan <br />(Clem/Wehrman). <br />9. Promote Paris as a prime location opportunity for <br />targeted retail and restaurant development. <br />10. Promote Paris as a regional hub jor world-class <br />healthcare serviees. <br />5. On-going implementation of the 3-Year Economic 11. Promote the needs of Paris and Lamar County to <br />Development Business Plan focused on jood and our local, state and federal elected officials and <br />eonsumer products manufacturing, value-added <br />agri-businesses and water using industries. advocate for pro-business public polieies. <br />6. Market former Sara Lee Plant to a new operator <br />who will bring jobs for our citizens. <br />7. Aggressively retain our major employers, which <br />will allow Paris to remain stable in a constantly <br />evolving rural economy. <br />8. Promote "site ready" sites for new industry <br />expansion and work with the City of Paris to be <br />12. Advocate and partner with business and industry <br />and local educational institutions (school districts <br />and Paris Junior College) to develop and maintain <br />a highly skilled workjoree. <br />13. Develop a community report card to set realistic, <br />attainable goals for our community's economic <br />future. <br />14 <br />