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- Paris Flash
A question about whether the Paris Economic Development Corp. can legally fund the local business incubator came as a surprise to its director.
“I was shocked,” said Hank Betke, executive director of the Red River Region Business Incubator. “This came out of the blue.”
The issue came up this week at a PEDC board meeting when its newest member, Rebecca Clifford, asked whether a 4A corporation like PEDC could legally provide money for R3bi.
State law allows counties to collect sales tax for economic development. There are two types: 4A, which is limited to funding manufacturing and industry; 4B, which can also provide funds for community development and retail endeavors.
“I think we could do it if we were a 4B corporation, but not as a 4A corporation,” Clifford said at Tuesday’s meeting.
“I’m not against small business. I believe in small business, and I realize that small businesses are the backbone of a community, and I’m not opposed to that.”
PEDC board member Bruce Carr suggested asking the Texas attorney general for an opinion on the matter, although that can take several months.
Paris EDC has provided the majority of the incubator’s funding for the last couple of years. This year’s budget includes about $95,000 for R3bi. The proposed budget for the next fiscal year includes about $90,000.
“We appreciate input from everyone,” Betke said. “I’d love for any board member who has questions to come and see for themselves what we’re doing here.”
Betke said he feels sure the legality issue will resolve itself.
“We’ve done a lot of good things for the community,” he said. “We’ll put our track record for successful job creation against anyone’s.”
The PEDC board has another budget workshop scheduled for 1 p.m. June 11. PEDC Director Steve Gilbert plans to research and put together a report to answer the board members’ concerns.
North Lamar High School senior, Jessica Roberts, has been awarded the LMS Restoration scholarship for 2013.
Applicants were considered based on grade performance, extracurricular involvement, and future plans. According to Don Preston, owner of LMS Restoration, “Jessica’s application stood out due to her strong and committed work ethic, her many community service contributions, and her sincere confidence in achieving her elevated goals.”
Jessica is the daughter of Glenn & Suzanne Roberts of Paris. She is ranked 3rd in her graduating class of 224 students and has a GPA of 4.00.
Throughout high school, Jessica has been involved in Beta Club, Yearbook, Key Club, National Honor Society, UIL Science, Project Graduation, Spanish Club, Bible Club and Zone 32.
She has contributed to our community through peer mentoring and through numerous roles in her church, as well as demonstrated her determination to further her education by saving the money she has earned through two jobs her junior and senior years. Jessica plans to pursue a career as a doctor or nurse practitioner in the field of pediatric oncology, rheumatology, or obstetrics.
LMS Restoration is proud to support and encourage this outstanding young leader in our community of Paris.
New Millennium Marketing: Leveraging the internet and social media to grow your business
Greg Wilson of Hometown Web Media presents the Brown Bag Seminar in May. When advertising your business, have you considered who the new generation of customers is? What about websites vs. social media? What resources are available to promote your website, both locally and nationally?
Greg will answer these questions and more, leaving you with more answers about how to promote your business!
Spend your lunch hour with us!
Wednesday, May 15th at the R3bi From 12:00 to 1:00 and its FREE!
Red River Region Business Incubator
Paris, TX 75460
Phone: 903 905-4979
Sponsored by Lamar National Bank
Dr. Colton Wicks and wife, Dr. Katie Wicks were the recipients of the first awarded BIG (Building Improvement Grant) check for their historic preservation efforts at their Paris Optical office downtown – 15 E. Plaza.
The Building Improvement Grant was made possible by the efforts of the Paris Main Street program, the Historic Preservation Committee, and a large donation by the Paris Downtown Association.
The Wicks updated the storefront of their office with ‘true to history’ style improvements. The building, which now houses Paris Optical, is an early 20th century structure that was the original home of the American National Bank.
“We are proud to be receiving this, and would like to thank Paris Main Street and the Historic Preservation Committee,” stated Dr. Colton Wicks. ”I had no idea what the original building looked like. It was really neat to see the historical architecture and learn about the history of our building.”
“Cheri Bedford (director of Paris Main Street) helped make the process very easy for us,” he continued.
Main Street, HPC and City officials were invited to Paris Optical last week for the presentation of the check to the Wicks, while introducing the new modifications to the public.
The Main Street BIG check was a 50/50 matching grant in the amount of $5000, and the Historical Preservation Committee presented the Facade Grant check for $2500.
After winning Anita Perry’s First Lady Texas Treasure Award for our preservation efforts, downtown and great community, it is safe to say that Paris has one of the best downtowns in Texas. Without the efforts of people like the Wicks and other downtown business and home owners, as well as the Historical Preservation Committee and the Paris Main Street program, we wouldn’t have the downtown that we do.
Seifried & Brew LLC, a community bank risk management firm, named Lamar National Bank in its 2012 Top 15th Percentile of Community Banks. To gain entry into this distinguished ranking, the Bank demonstrated exemplary performance of balancing risk and reward based on the Bank’s S&B Total Risk/Return Composite Ranking. This is no small feat considering that the Bank not only survived the Financial Crisis but actually thrived. This supports Seifried & Brew’s belief that conservative, traditional community banking is the strength of our financial system.
“We are pleased to be recognized for the performance of Lamar National Bank. This is a reflection of our outstanding staff’s adherence to our motto of “Relationship Banking at its Best,” stated Michael Rhodes, President. “There is an intense regulatory burden placed on community banks in a very challenging banking environment. We are proud that despite these challenges we have continued to be considered among the best community banks in the nation.”
In S&B’s newest book, The Art of Capital Planning – The “How-To” Guide, the authors clearly demonstrate that the difference between the banks that failed and those that survived the Financial Crisis, or even those that prospered, was each bank’s ability to optimize risk. While the word “optimize” sounds incongruous with the threats of risk, the truth is that community banks make money from managed risk. Those banks ranking in the 2012 S&B Top 15th Percentile of Community Banks epitomize such optimization of managed risk.