07-PEDC Executive Director quarterly reportCITY COUNCIL AGENDA ITEM BRIEFING SHEET
Submittal Date:
04/08/2010
Council Date:
04/ 12/2010
Originaring Department:
Paris Economic
Development Corp.
Presented By:
Steve Gilbert
Agenda Item No.:
7.
RECOMMENDED MOTION:
Not an action item.
POLICY ISSUE(S):
Fiscal oversight
BACKGROUND:
PEDC Executive Director Steve Gilbert will present their quarterly report.
BOARD/COMMISSION RECOMMENDATION:
EXHIBITS:
2010 Plan of Work; Community Highlights
ACTION:
BUDGET INFO:
F] Financial Report ❑ Minute Order
Expense
$
❑ Department Report ❑ Resolution
Budgeted Amt.
$
Z Presentation ❑ Ordinance
y'I'D Actual
$
❑ Public Hearing ❑ Other
Acct. Name
Acct. Number
FISCAL NOTES:
REVIEWED AND APPROVED BY:
Z Administration 2 City Clerk ❑ Communiry Development ❑ EMS/IT ❑ Eng. ❑ Finance
❑ Fire ❑ Municipal Court ❑ Legal ❑ Library ❑ Police ❑ Public Works ❑ Utilities
City of Paris FIl; Revised 2/04/08
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A
1_1 R I s
2010 Plan of Work
PURPOSE, GOALS & DUTIES (Based on Staff Reorganization and Updated Bylaws)
PEDC's Purpose
To promote, stimulate and enhance economic development in Paris and Lamar
County.
PEDC's Goals
l. To create new jobs and retain existing jobs.
2. Conduct planning, research and job training activities to promote:
i. Business retention and expansion.
ii. Formation of new business.
iii. Business attraction.
3. Develop and implement marketing strategies to promote PEDC's programs and
services and educate stakeholders.
PEDC Duties
1. Strategic Planniniz
A. Develop an overall ED plan for the City, including long- and short-term
goals to be approved by City Council.
2. Managiniz Resources
A. Manage finances within the law for economic development goals that have a
direct benefit to the citizens of Paris, Lamar County, Texas.
B. Develop parameters for ED funding requests and collaborate with the City
and County to negotiate and implement ED funding agreements.
3. Accountability Reportin~
A. Prepare & submit to City Council by June 30"' annually:
i. Updated ED plan.
ii. Proposed annual budget and plan of work with programs, projects and
tasks for the fiscal year.
B. Present Quarterly Reports (Jan., Apr., Jul., Oct.) and an Annual Report to
City Council by Feb. 1 S`
t
a 01 0 0 f,?5
a0~_
2010 Plan of Work
PEDC'S CORE BUSINESS: TO DRIVE THE ECONOMIC DEVELOPMENT PROCESS
1. Earn Role as Lead Organization for Business Recruiting, Retention, Expansion and
Creation.
A. Single Point of Contact for Prospects.
B. Develop & Nurture Collaborative Partnerships.
2. Brand Management for Paris, Texas' Location Advantages.
A. Launch Targeted Marketing to Fill Project Pipeline.
B. Create a Quick Response Proposal Management Engine.
C. Provide Tools for Development & Real Estate Community.
3. Listen and Champion Pro-Business Public Policy.
2010 PLAN OF WORK ACTION STEPS (January to September 2010)
1. Business Attraction & Marketing
4. Business Incubator & Entrepreneur
A. Pursue Targets and Prospect Deal
5upport
Flow
A.
Director On-Board (PEDC's on-
B. Sell Paris' Competitive Advantages
going funding commitment...)
C. Complete Content & Design Update:
B.
Business Plan Completed
i. Sales Pitch & Proposal
C.
Facility Underway
Template
ii. Website & Social Media
5. Site Ready Industrial Parks
Strategy
A.
Grounds Maintenance &
iii. Collateral & Ad Placement
Beautification
B.
Existing Land Assets & Future
2. Business Retention & Expansion
Expansion
A. Prove PEDC's Value
C.
GTech Spec. Building
B. Manage Existing Incentive
D.
Airport Master Plan & Airpark
Agreements
Development
C. Identify Prospects for Retention &
Expansion (Synchronist Prime)
6. PEDC Reporting
D. Host Industry Appreciation Week
A.
Results
E. The Chamber, Industrial Mgr's Grp.,
B.
Financial
Red River Valley HR Assoc., etc.
C.
Relationships (City, County, State,
Regional, National)
3. Develop and Promote a Positive, Pro-
D.
Pursue Accredited ED Organization
Business Climate for Paris and Lamar
County (Strategic Planning).
2
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COMMUNITY HIGHLIGHTS
(MARCH 2010)
Numerous manufacturing plants and a diverse mix of other companies believe Paris, Texas is an ideal
location for them to produce and distribute their goods and services to national markets. Manufacturing,
food processing and other production industries, as well as distribution centers based in Paris make and
distribute goods throughout Texas and principal markets throughout the Southern United States.
Paric_ TPxac ic
_ _ _
Top 20
1.
- - -
The Count Seat of Lamar Count .
Location
Advantages
2.
The business, retail and healthcare hub for the surrounding region of Northeast
Texas and Southeastern Oklahoma.
3.
Borderin a four State Re ion: Texas, Oklahoma, Arkansas, and Louisiana.
4.
Strategically situated to serve the Northeast Texas region, the Dallas-Ft. Worth
Metro lex (100 miles to the east) and the Southern United States.
5.
In the Central time zone.
6.
Midwa between the East and West coasts for national distribution.
7.
Easily accessible to major Texas markets (DFW, Houston, Austin, San Antonio)
and the entire Southern US and Mexico.
8.
A atewa to the South and Southeast United States.
9.
Attractive to a diversified mix of business and industr
10.
Home to four FORTUNE 500 Companies (Campbell's Soup, Kimberly Clark, Sara
Lee, Florida Power and Li ht).
11.
A central location to ma'or consumer markets.
12.
An excellent multi-modal trans ortation network (hi hwa s, air, rail).
13. Sitting on industrial land and sites to meet the needs of both large and small
industrial users.
14.
Home to an available, skilled workforce.
15. Willin to rovide s ecialized and customized trainin b Paris Junior Colle e.
16. An abundant water su 1 from Pat Ma se Lake - now and in the future.
17. A lace that rovides a rich ualit of life for our citizens.
18.
Home to the Tour de Paris Bike Tour and numerous events, festivals and
celebrations.
19. A lace of rich and colorful histor .
20. Waitin to make our location decision uick, eas and en'o able.
Shovel-Ready Paris PEDC has developed 200 acres of light industrial and commercial land in
Industrial Park the City of Paris. This property is shovel-ready with all utilities and roads
in place. It also offers rail access and frontage to four-lane divided
highway. Lot sizes are flexible to accommodate a variety of projects and
can ran e from 1 to 40 acres and above.
Highways Paris is 38 miles from Interstate 30
Paris is the intersection of US Highways 82 and 271 and Texas Highways
19 and 24
Paris is surrounded by a divided 4-lane, controlled access loo
W.!t OUOn? ;
COMMUNITY HIGHLIGHTS
(MAxcx 2010)
Commercial Airport
Cox Field (In Paris City Limits)
Service
• 6,000 ft. asphalt, lighted runway
• 2 crosswa s of 4,500 ft. each
Dallas/Ft. Worth International Ai ort (114 miles)
Dallas Love Field (112 miles)
Rail Service Paris is served by the Kiamichi Short Line Railroad Company with services
linking to major rail carriers.
Post-Secondary Schools
Paris Junior College (PJC)
• Excellent collaboration with many local business and industry clients.
• Approach is to listen to and understand your talent needs and deliver
value-added, flexible workforce tools & services to your business,
including:
- Hiring
- Training
- Human Resources Services
Texas A&M - Commerce
• Located 40 miles south of Paris in Commerce, Texas.
• Four-year University with a wide range of undergraduate and graduate
de ree ro rams.
K-12 Public Schools
Paris Independent School District (PISD)
• 3,794 Students; 641 Faculty; Budget: $30,726,371
• Hi hli hts: Academicall Unacce table State Ratin
North Lamar Independent School District
• 2,973 Students; 477 Faculty; Budget: $24,165,847
• Hi hli hts: Reco nized State Ratin
Chisum Independent School District
• 900 Students; 137 Faculty; Budget: $8,963,650
• Hi hli hts: Academicall Acce table State Ratin
Prairiland Independent School District
• 1,125 Students; 137 Faculty; Budget: $10,853,414
• Hi hli hts: AcademicallAcce table State Ratin
2
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COMMUNITY HIGHLIGHTS
(MARCH ZOlO)
Population
Cit of Paris (2000)
25,898
(US Census Bureau)
Lamar Count (2008)
49,286
NETEA 13 County Region
706,062
Anderson Count (Palestine)
Gre Count (Kil ore)
Henderson Count (Athens)
Ho kins Count (Sul hur S rin s)
Hunt Count (Commerce)
Lamar Count (Paris)
Titus Count (Mt. Pleasant)
Cam Count
Delta Count
Franklin Count
Smith Count
U shur Count
Wood Count
Labor Force
Statistics
Location
Labor Force
Unemployment
Rate
Median HH
Income
(December 2009)
Cit of Paris
12,568
8.1 °Io
$35,044
Lamar Count
25,164
7.9°Io
$40,487
Lamar County
# Households
Per-Capita
Median
% of Adults 25 +
Statistics
Personal
HH
HS
Bachelor's
Income
Income
Di loma +
De ree +
19,077
$27,500
$38,110
76.3°Io
14.5%
(As of)
F
(2000)
(2007)
(2007)
(2000)
(2000)
Tax Rates
Corporate Tax
For reports originally due on or after January
l, 2008, the tax rate is 1% for most taxable
entities. Significant changes were recently
made to Corporate Franchise Tax, see:
www.window.state.tx.us/taxinfo/franchise
Sales and Use Tax
Total Rate
8.25%
State
6.25%
Cit
1.5%
Count
.5%
Pro ert /Inventor Tax
Cit
$0.52
Count
$0.4226
Paris Jr. Colle e
$0.1850
Paris Ind. School District
$1.3250
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COMMUNITY HIGHLIGHTS
(MARCH 2010)
Major
Industries
(2008 Paris
Industry 5ector
# of
Companies
# of
Jobs in
Count
% of
Jobs in
Count
Avg.
Annual
Wa e
and Lamar
Manufacturin
67
4,434
21.7%
$48,057
County)
Retail, Accommodation, Food Svc.
273
4,045
19.9°Io
$17,986
Healthcare & Social Services
171
3,184
15.6%
$30,612
Construction
114
1,307
6.4%
$35,191
Finance, Insurance, Real Estate
107
880
4.3%
$27,624
Administrative, Waste Services
50
869
4.3%
$24,711
Trans ortation/Distribution/Lo istics
61
759
3.7%
$31,318
Professional & Technical Svc's., IT
188
639
3.1 °10
$35,992
Utilities
8
336
1.6%
$79,114
Wholesale Trade
54
328
1.6%
$40,538
Arts, Entertainment, Recreation
15
129
0.6%
$19,927
Total Private Sector
1,108
16,910
82.8%
$35,552
Total Education & Public Sector
56
662
3.2%
$23,366
1. 000030
COMMUNITY HIGHLIGHTS
(MARCH ZOlO)
Attractive to Business and Industry
Ma'or Em lo ers
Com an
Industr
No. Em loyees
Healthcare
1,000
Paris Re ional Medical Center
(Two Hos iral Cam uses)
Manufacturing - Food Processing/Production
900
Cam bell Sou Com an
(Sou s/ 7uice/Sauces)
Manufacturing - Paper Products
800
Kimberl -Clark Co oration
(Dis osable Dia ers)
Manufacturing - Metal Fabrication
700
Turner Industries
(Pi e Products)
Education
640
Paris ISD
(K-12 Public School)
Education
500
North Lamar ISD
(K-12 Public School)
Professional/Technical Services
480
TCIM
(Telecom/Call Center)
Manufacturing - Food Processing/Production
425
Sara Lee Baker Grou
(Snack Cakes/Bread)
City of Paris
Government
320
Transportation/Distribution/Logistics
300
We-PaCk Lo 1St1CS InC.
(Product Packa in , Warehousin & Distribution)
Construction
250
RK Hall Construction
(Hi hwa & Brid e Contractin & As halt Products)
Education
245 FT
Paris Jr. Colle e(PJC)
(2-Year 7r. Colle e)
150 PT
Lamar Count
Government
190
Manufacturing
176
Paris Packa in
(Pa er Cartons)
Manufacturing
90
Sil an Can Com an
(Sou Cans)
Manufacturing
79
T& K Machiner
(Aircraft Machined Parts)
The Paris News
Local News a er
50
NextEra Energy Resources -
33
Lamar Power Partners (Florida
Utilities
Power & Li ht)
(Gas-Fired Electric Generation)
go- 0 0 0 0 3 1
COMMUNITY HIGHLIGHTS
(MARCH ZOlO)
Financial Incentives: Cash, Tax Abatements, Exemntions and Related Programs
PEDC Staff will assist your company with all of the following programs to maximize the financial incentives for
your company. Each project is unique, and PEDC will consider and pursue a variety of options, for exarnple:
direct loans (can be bank subordinate), loan guarantees, interest rate write downs, site development costs,
including extension of utilities, cash grants for job creation, rent subsidies, build-to-suit with lease-back or
purchase options, customized job training, loans with fargiveness based on job creation, reimbursement of
relocation ex enses, and other o tions sub'ect to ne otiation. T ical incentives include the followirr :
Pro-Business
Because of a pro-business attitude, Texas has limited the number of state controls and taxes
Climate
in regulating the activities of business. Texas is a right-to-work State, and has no personal or
cor orate income tax, nor a state ro ert tax.
Tax Abatements
The City of Paris has a proven track record of negotiating tax abatements for up to 10 years
for new and expanding industries. In addition, Lamar County and Paris Jr. College will
consider local tax abatements for projects with significant job creation and private capital
investment.
Local Cash
The citizens of Paris adopted a'/a cent sales tax as an incentive assistance program to
Incentive for Job
facilitate industrial locations and expansions. This program is administered directly by the
Creation
Paris Economic Develo ment Cor oration.
Industrial Dev.
PEDC has a history of providing industrial development bonds as a viable alternative for
Bonds
financin industrial ex ansion and construction.
Skills
An incentive to relocating or expanding businesses through Texas community and technical
Development
colleges and workforce boards to provide customized assessment and training services to
Fund
business in a timel , efficient and res onsive manner.
Enterprise Zone
Depending on the exact site location, Paris is a qualified Enterprise Zone (EZ). If your
development or revitalization project is located in the EZ, the City of Paris can approve
partial or deferred payment of sales and use taxes for qualified purchases, leases, or rentals.
Specifically, the EZ provides sales and use tax rebates on machinery and equipment, building
materials, labor for the rehabilitation of existing buildings, and electricity and natural gas
purchases. The EZ also provides priority job training, and other preferential treatment on
state and federal programs. The tax refund is $2,000 for each permanent job the project
creates or retains during the five year designation period. Qualifying projects may also be
eli ible for franchise tax reduction, ro ert tax abatement and other re lato relief.
Freeport Law
Article VIII, Section 1 of the Texas Constitution has been amended to allow real and
Tax Exemptions
personal property to be tax-exempt (city, county and school districts.) All goods, wares,
merchandise, other than tangible personal property (inventory) acquired in or imported into
Texas to be forwarded outside this state, which is detained for storing, assembling,
manufacturin , rocessin , or fabricatin in Texas for 175 da s or less, ma be tax exem t.
Financial
Local financial services companies in Paris and Lamar County are committed to the
Services
economic growth of the region through aggressive commercial and industrial development.
Paris is currently served by seven commercial banks, two savings & loan associations, and
has access to mort a e bankers, and other creative financial services.
SBA and Other
Small business loans are available through the SBA 504 program. Up to 40°Io of total cost
Loan Programs
can be provided in the form of subordinate debt to SBA for most fixed asset projects at
interest cost of 2 to 3% below market for periods of 15-25 years. This type of financing can
provide 90% of the long-term financing needs of a small business. Also available are the
SBA 7(A) Loan Guarantee program, the FmHA, Paris' local Revolving Loan Fund, various
ro rams of the ArkTex Council of Governments, and the Texas Levera e Fund.
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