Request for Bids: Lot Clearing and Cleanup Services

(12/16/19: Addendum 1)

Meeting Notice: the PEDC Board will conduct a Meeting on January 20, 2020 at 5:30 PM in the Community Room located next to the PEDC Offices at 1125 Bonham Street, Paris, Texas 75460.
View the agendas for this meeting and previous meetings here: Agendas

 

 Request for Bids: Lot Clearing and Cleanup Services

(12/16/19: Addendum 1)

Meeting Notice: the PEDC Board will conduct a Special Meeting on January 7, 2020 at 4:00 PM in the Paris City Council Chambers located at 107 East Kaufman Street, Paris, Texas 75460.
View the agendas for this meeting and previous meetings here: Agendas

 

New Markets Tax Credit (NMTC) – Federal Tax Program

Much of Paris is located within the designated maps of the NMTC program. A NMTC investor receives a tax credit equal to 39 percent of the total Qualified Equity Investment (QEI) made in a Community Development Entity (CDE) and the Credit is realized over a seven-year period, 5 percent annually for the first three years and 6 percent in years four through seven. If an investor redeems a NMTC investment before the seven-year term has run its course, all Credits taken to date will be recaptured with interest.

Click here for more information: CDFI Fund

NMTC Map

The heavily shaded portion of the map represents the area that qualifies for the use of the NMTC Program.