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Request for Action <br />ToItem Number <br />Economic Development Authority6.2 <br />Agenda Section Meeting DatePrepared by <br /> <br />General BusinessApril 17, 2017Amanda Othoudt, EDD <br />Item Description <br />Reviewed by <br />EDA Jobs Incentive Microloan Program and PolicyCal Portner, City Administrator <br />Reviewed by <br /> <br />Action Requested <br /> <br />Approve, by motion, theEDA Jobs Incentive Microloan Program and Policy. <br />Background/Discussion <br />Staff, in conjunction with the EDA Finance Committee, our attorney and financial advisor, reviewed and <br />revised the EDA loan programs and policies. <br />The Jobs Incentive Microloan Program is a program that is seeded by a separate fund account utilizing <br />former state MIF dollars. <br />This program was included in the general microloan policy. Staff has separated this program into a <br />separate policy because funds for this program need to follow spstate guidelines, which includejob <br />listing and prevailing wage requirements. <br />Financial Impact <br /> <br />None <br />Attachments <br /> <br />Jobs Incentive Microloan Program Policy <br /> <br />