Economic Development Corporation

The Economic Development Corporation (EDC) is governed by a seven (7) member board of directors, who are appointed b the City Council.

• A director may either be a resident of the City of Paradise or a resident of Wise County.
• Members of this board serve staggered two-year terms. 
• The EDC submits an annual budget for approval by the Council, and their financial records are included in the City’s annual audit. A monthly report is included in the Council’s agenda packet.
• The EDC operates through incorporation papers filed with the State of Texas and locally developed by laws.
• They operate off of public funds received through an approved local ) cent sales tax, through section 4B of the Development Corporation Act Funds may be used to provide loans to businesses; to promote tourism development; provide needed infrastructure improvements; hiring a director of economic development; and a wide range of other municipal projects.
• Projects should promote economic or industrial development.
• All such expenditures must be made pursuant to majority vote of the EDD Board and pursuant to approval by the City Council. 

When:

EDC meetings are held on the first Monday of each month at 6:00 p.m.

Where: City Hall – 218 Main St, Paradise, TX 76073.

MEMBERS