The Paris Industrial Development Board is a public entity, chartered under State statute with the powers to finance, develop and own industrial and commercial property. The Board most often serves as the owner of property which has been granted tax abatement via a Payment in Lieu of Tax (PILOT). In Tennessee, property must be held in public hands to be tax exempt. The lessees normally have the right to purchase the property at the end of the agreement. The Board may also facilitate Bond or other forms of capital financing.
The Industrial Development Board is a seven member board. Each member is appointed for a six year term. Appointments are made by the City Commission.
Industrial Development Board Members:
Troy Buttrey, Chairman/Treasurer July 2, 2024
Traci Templeton July 2, 2028
Bo Caldwell, Secretary July 2, 2028
Charles Wilson July 2, 2028
Michael Murphey July 2, 2024
Moshin Virani July 2, 2024
Bruce Reed July 2, 2026