03-B PEDC (10/9/02) - Laserfiche WebLink

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MINUTES OF THE PARIS ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING October 9, 2002 The Paris Economic Development Corporation met in a regular session on Wednesday, September 9, 2002, 4:00 P. M. at Paris Junior College, Applied Technology Building, Room 1016, 2400 Clarksville Street. President Jay Guest called the meeting to order with the following Directors present: Curtis Fendley, Don Wall, and Mike Dunn. Also present were ex-officio Board Members Bobby Walters, Executive Director Gary Vest, City Attorney Larry W. Schenk, and City Clerk Mattie Cunningham. President Guest called for the approval of the minutes from the meeting. A motion was made by Director Fendley, seconded by Director Wall, for approval of the minutes as presented. The motion carried unanimously. President Guest advised the Board Members that Mr. Anderson was not able to attend the meeting, but he had furnished a statement of the sales tax revenues for fiscal year 2001-2002. President Guest called for consideration of and possible action on a proposal from Cliff Parker for assistance from the PEDC in a manufacturing operation. Mr. Parker told the Board that they wanted to manufacture jewelry. He explained that importers are doing the bead work and the crimp work including a lot of different stones. This is a very simple form of manufacturing and they do some of it in their store. He wants to hire two full time jewelers to do this type of work in the back of his store. The stock will go out with a traveling sales representative who will sell to other businesses in the four-state area of Oklahoma, Arkansas, Louisiana, and Texas. Mr. Parker said he has been wholesaling jewelry to other businesses during most of this year. He started up basically for buying power. Mr. Parker told the Board that stonework has become really popular.