Paris Economic Development Corporation drops funding for local Incubator

PARIS, TX-- The Paris Economic Development Corporation has dropped funding for the Red River Region Business Incubator.

At Tuesday's meeting, the PEDC board sided with the Paris City Council and removed the $89,000 for the incubator.

Executive Director Steve Gilbert says many board members felt it didn't meet the responsibilities of the PEDC and it will be taken out of next years budget.

Gilbert says the incubator board will now request city funds for the next nine months.

The board also dropped the $33,000 for retail attractions and $10,000 for grant writing.

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