|
Paris Economic Development Corporation
<br />Business Plan - 2012 -2014
<br />9 = k
<br />91IRZA&I Oil
<br />Introduction
<br />In 2011 PEDC Board of Directors engaged the Paris and Lamar County, Texas community leadership in
<br />a community -wide strategic planning process. This process included identifying our strengths,
<br />weaknesses, opportunities and threats (SWOT) and analyzing 7 Critical Issues related to our
<br />community's future. As a result of the process, PEDC engaged Regionnovate, Inc. to facilitate a
<br />"roadmap" to chart a course for future economic development of not only Paris, but the broader Red
<br />River Region.
<br />This three -year PEDC business plan takes into consideration the original SWOT analysis and aligns with
<br />the priorities and 7 critical issues in the community -wide strategic plan. Implementing this business
<br />plan will be a focused priority of the PEDC staff and board from 2012 through 2014, and beyond.
<br />PEDC Business Plan 2012 -2014
<br />Aligning with 7 Critical Issues
<br />Global Manufacturing & Diversity
<br />Retail Development Strategy Initiative
<br />Issue 1. Develop long -range plans to ensure abundant Issue 7. Improve community image on
<br />water for our targeted industries. diversity.
<br />Issue 2. Implement aggressive business retention and
<br />expansion programs and other actions to decrease the
<br />risk of closure of our top employers.
<br />Issue 3. Develop long- and short -range plans to
<br />address aging infrastructure (water, sewer, roads,
<br />etc.) to ensure we are "shovel ready" for new
<br />industry expansions.
<br />Civic Leadership &
<br />Public Policy
<br />Issue 4. Enhance the depth and
<br />consistency of the local leadership pool
<br />with a shared vision of our future.
<br />Issue 5. Advocate for, and develop aggressive plans Issue 6. Cultivate cooperation and
<br />to improve the transportation system, including
<br />priorities of four -lanes for Highway 24 to Commerce, coordination between and among
<br />which will provide better access to Interstate 30 and governing bodies (City, County, School
<br />other improvements as they are identified. Districts, etc.) and civic organizations.
<br />Moving From Traditional Industrial Recruiting to an Innovation -Based Strategy
<br />Historically, PEDC has conducted a very traditional industrial recruiting effort, advertising in regional
<br />and national publications and writing proposals in response to prospects from the State of Texas or from
<br />site selectors. PEDC has participated in a regional marketing alliance called the NE Texas Economic
<br />Alliance that includes Commerce, Mt. Pleasant, Sulphur Springs, Athens, Palestine and Kilgore. Since
<br />the 1990s economic development results have been minimal. More recently Paris has benefited from
<br />intermittent growth of existing businesses. It is easier to keep and grow existing companies than recruit
<br />new. PEDC will continue to visit, listen to and support our existing employers to retain and expand their
<br />local production, jobs and capital investment.
<br />5
<br />P
<br />R
<br />I S
<br />Introduction
<br />In 2011 PEDC Board of Directors engaged the Paris and Lamar County, Texas community leadership in
<br />a community -wide strategic planning process. This process included identifying our strengths,
<br />weaknesses, opportunities and threats (SWOT) and analyzing 7 Critical Issues related to our
<br />community's future. As a result of the process, PEDC engaged Regionnovate, Inc. to facilitate a
<br />"roadmap" to chart a course for future economic development of not only Paris, but the broader Red
<br />River Region.
<br />This three -year PEDC business plan takes into consideration the original SWOT analysis and aligns with
<br />the priorities and 7 critical issues in the community -wide strategic plan. Implementing this business
<br />plan will be a focused priority of the PEDC staff and board from 2012 through 2014, and beyond.
<br />PEDC Business Plan 2012 -2014
<br />Aligning with 7 Critical Issues
<br />Global Manufacturing & Diversity
<br />Retail Development Strategy Initiative
<br />Issue 1. Develop long -range plans to ensure abundant Issue 7. Improve community image on
<br />water for our targeted industries. diversity.
<br />Issue 2. Implement aggressive business retention and
<br />expansion programs and other actions to decrease the
<br />risk of closure of our top employers.
<br />Issue 3. Develop long- and short -range plans to
<br />address aging infrastructure (water, sewer, roads,
<br />etc.) to ensure we are "shovel ready" for new
<br />industry expansions.
<br />Civic Leadership &
<br />Public Policy
<br />Issue 4. Enhance the depth and
<br />consistency of the local leadership pool
<br />with a shared vision of our future.
<br />Issue 5. Advocate for, and develop aggressive plans Issue 6. Cultivate cooperation and
<br />to improve the transportation system, including
<br />priorities of four -lanes for Highway 24 to Commerce, coordination between and among
<br />which will provide better access to Interstate 30 and governing bodies (City, County, School
<br />other improvements as they are identified. Districts, etc.) and civic organizations.
<br />Moving From Traditional Industrial Recruiting to an Innovation -Based Strategy
<br />Historically, PEDC has conducted a very traditional industrial recruiting effort, advertising in regional
<br />and national publications and writing proposals in response to prospects from the State of Texas or from
<br />site selectors. PEDC has participated in a regional marketing alliance called the NE Texas Economic
<br />Alliance that includes Commerce, Mt. Pleasant, Sulphur Springs, Athens, Palestine and Kilgore. Since
<br />the 1990s economic development results have been minimal. More recently Paris has benefited from
<br />intermittent growth of existing businesses. It is easier to keep and grow existing companies than recruit
<br />new. PEDC will continue to visit, listen to and support our existing employers to retain and expand their
<br />local production, jobs and capital investment.
<br />5
<br />
|