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Paris Economic Development Corporation <br />May 21, 2003 <br />Page 5 <br /> <br />Mr. Vest advised that their prospect activity has been excellent. They have had <br />five prospect visits since the last meeting. That number included the company <br />with which the Board is negotiating and they had been here twice recently. <br /> <br />Mr. Vest advised that they also had a company called Project Steel that came <br />through the Department of Economic Development and was handled by Oncor. <br />He said this is a company out of Indianapolis, Indiana that rebuilds electric <br />transformers. Mr. Vest advised that they showed them the Oliver Rubber <br />building. <br /> <br />Mr. Vest said they also met with Gene Calloway who is in the jewelry <br />business. Mr. Vest advised Mr. Calloway was talking about opening a small <br />manufacturing operation in Paris to manufacture jewelry and they are working <br />with him. They also had a company out of Minnesota that manufactures audio <br />equipment, microphones, and things of that nature. <br /> <br />Mr. Vest said they have been contacted by a company that is looking for a <br />distribution center. He said that the company sells tires and wheels to go on <br />trailers such as those being built all around our area. He said they have nine <br />distribution systems throughout the United States, and they are out of Thailand. <br />Mr. Vest said this company has visited twice and have been shown a lot of <br />different properties. He said they were going to build a distribution center to <br />serve a four-state area, which would be a sixty thousand square foot building, <br />or they are going to build a distribution center of about one hundred thousand <br />square feet to serve a larger area. Mr. Vest said they have shown them several <br />pieces of property and he should know something from them soon. They will <br />be meeting with their owners in California concerning Paris. <br /> <br />Mr. Vest advised that another prospect that manufactures charcoal grills came <br />to them through their advertisement efforts out of Louisiana. He said that they <br />will continue to work with them and try to get them here for a site visit so they <br />can proceed with that company. <br /> <br />Mr. Vest told the Board that they attended the Texas Economic Development <br /> <br /> <br />