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EDA Finance Committee Minutes Page 2 <br />July 25, 2007 <br />THE MOTION CARRIED 5-0. TOM MCNAIR ABSTAINED. <br />4. Micro Loan Portfolio Report <br />Ms. Mehelich provided a status report on the existing eight loans and the cash balance in the fund <br />of $897,842.06. The Committee discussed ideas for marketing the program with a focus on <br />industrial manufacturing innovation and new equipment. A direct mail and follow up campaign to <br />local manufacturers and bankers was suggested, along with a feature story in the Chamber <br />newsletter. <br />5. Closing <br />The EDA Finance Committee meeting ended at 7:50 a.m. <br />Respectfully submitted by, <br />Heidi Steinmetz <br />Assistant Director of Economic Development <br />