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Paris Economic Development Corporation reports $100M in new investment, 540 direct jobs supported in 2024
Summary
Maureen Hammond, executive director of the Paris Economic Development Corporation, presented the PEDC’s 2024 annual report, highlighting $100 million in new capital investment, 540 direct jobs supported and federal EDA infrastructure funding that enabled a private employer to locate in the city.
Maureen Hammond, executive director of the Paris Economic Development Corporation, presented the PEDC’s 2024 annual report to the Paris City Council on Feb. 24 and highlighted major projects the agency supported last year.
"The mission of the economic development corporation is to promote the retention, growth and attraction of businesses that elevate employment opportunities, expand the economic base and enhance the quality of life for citizens of Paris and Lamar County," Hammond said.
Hammond told council the PEDC secured a $1,300,000 grant from the U.S. Economic Development Administration to fund…
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