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Paris Economic Development Corp. looks for opportunities to attract new industrial prospects while it gives support to companies already here as Lamar County and the Red River Valley recoup from the challenges of a year-long battle with the novel coronavirus.
Although the local economy may have not suffered as much as other parts of Texas, as indicated by increased sales tax revenue, the lifeblood of the economic engine, future sales tax revenue remains uncertain with the closing of several retail outlets within the city.
To prepare for uncertainties, the newly expanded seven member PEDC board, up from a previous five members, in early February took a look at the organizationâs financial status and has since brought on board both a local accounting firm and a legal firm to ensure the organization stays its course.