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In 2001, the EDA directed staff to provide a letter to the Initiative Foundation denying the <br />request for year 2001. In addition, the EDA recommended that future requests be <br />forwarded directly to the City Council for consideration. <br /> <br />While the Foundation provides several business investment and grant making programs, the <br />Economic Development staff has not had the opportunity in the past year to utilize the <br />economic development programs and services offered as a result of a lack of qualifying <br />projects. The Foundation has participated in the past on an investment level with a few of <br />the EDA's Business Incubator companies and loans for business expansions. <br /> <br />The Foundation has requested the opportunity to make a presentation to the City Council <br />and answer any questions regarding the funding request. <br /> <br /> <br />