In a large frying pan cook the bacon until crispy. Remove to a paper-towel lined plate.
Drain off almost all the bacon grease leaving about 1 tablespoon behind.
Add the tablespoon olive oil to the pan over medium heat with the bell pepper, onion, carrot, celery, bay leaf and a couple dashes each of salt and pepper. Cook about 10 minutes, stirring often.
Stir in the corn, salsa and chicken broth with about ½ teaspoon salt and ⅛ teaspoon black pepper. Turn the heat up and bring to a simmer, put a lid on the pan and simmer slowly 10 minutes.
After 10 minutes stir in the rice and parsley, put the lid on the pan 5 - 10 minutes until the liquid is absorbed and the rice is tender. Taste and season with more salt and pepper if needed.
Place the shrimp over top of the rice and sprinkle smoked paprika or chili powder and a little salt and pepper on them. Put the lid back on the pan until the shrimp curl up 5 - 10 minutes.
Remove and discard the bay leaf. Crumble the bacon and sprinkle it over the top before serving.