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PEDC to discuss direction for 2014

PEDC_depot_sliderThe Paris Economic Development Corp. board of directors is scheduled to take a look PEDC’s direction for 2014 at Tuesday’s scheduled meeting.

The board is set to meet at 3 p.m. in the community room at 1125 Bonham St. The agenda includes possible action “regarding the program of work for FY 2013-14 and funding of same.”

“The original business plan has been scaled back and is replaced by the 2014 plan of work,” PEDC Director Steve Gilbert said. “The approved budget has $75,000 of discretionary funding that the board will consider allocating to fund the 2014 plan of work implementation.”

The PEDC business plan was a three-year program of work put into action in 2012. Changes to the board have taken the economic development corporation in a different direction.

The agenda also includes reports from subcommittees. One is from board members Bruce Carr and David Turner, who have worked to review PEDC’s budget and accounts. The other is from Vicki Ballard and Carr, who are expected to propose changes to operating policies and procedures.

Gilbert is set to discuss grant opportunities from the Economic Development Administration, which is part of the United States Department of Commerce.

Steve Gilbert_3“They have a wide range of grants that are open from time-to-time, and we keep a watchful eye for any opportunities that may fit our organization,” he said.

Other possible action items include continued discussion of a marketing video that could include the use of a drone for aerial shots and the revised tax abatement policy. Both were discussed in December, but without the full board present, Gilbert said.

For companies that have received tax abatements and incentives in the past, the board is scheduled to look at an “incentive and abatement agreement compliance monitoring report.”

“We will report on a proposed monitoring letter that we will send to all companies that have either an abatement or incentive agreement to request appropriate documentation for their obligations such as capital investment and new jobs,” Gilbert said.

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