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��i <br /> Eof <br /> lk — - Request for Action <br /> River <br /> To Item Number <br /> Economic Development Authori 6.1 <br /> Agenda Section Meeting Date Prepared by <br /> General BusinessJune 18, 2018 Amanda Othoudt,EDD <br /> Item Description Reviewed by <br /> Modification to the Jobs Incentive Microloan Policy Cal Portner, City Administrator <br /> funded by State DEED money Reviewed by <br /> Action Requested <br /> Approve,by motion,a modification to the Jobs Incentive Microloan Policy. <br /> Background/Discussion <br /> A change to the policy would update the Eligible Activities section to include Working Capital which is <br /> an allowed use of the funds per the state MIF guidelines. <br /> Financial Impact <br /> None <br /> Attachments <br /> ■ Jobs Incentive Microloan Policy <br /> ■ State MIF Guidelines <br /> The Elk River Vision <br /> A Y�elcoming community nvith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r <br /> service, and community engagement that encourages and inspires prosperity ,g /` UR <br />