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Memo: Economic Development Update <br />August 16, 2016 <br />• 49 program participants have earned their Engineering degree. 14 have achieved an <br />Associate's degree. <br />Next Steps <br />IZil <br />1. Economic Development Strategic Plan - Will be presenting a draft of the Economic <br />Development Strategic Plan prepared by RSG at the August 16th City Council Work Study <br />Session. <br />2. Economic Development Initiatives RFP— Will be presenting the process for soliciting proposals <br />for the $1 million in funding for economic development initiatives at the August 16" City <br />Council Work Study Session. <br />3. Direct Allocation of $1 million funding - Alternative option to allocate $1 million in economic <br />development project funds directly to an organization(s) in a public /private partnership that <br />forgoes the RFP process. <br />7 <br />19G -9 <br />