ECONOMIC DEVELOPMENT. This Committee shall:
(1) Receive reports and briefings from the Economic Development Director with respect to the marketing of the County to new and expanding businesses and industry.
(2) Receive confidential reports regarding development prospects and leads.
(3) Receive summaries of approved business loans approved by the Economic Development Department-Loan Committee.
(4) Review and approve industrial revenue bond requests in concert with the Finance Committee.
(5) Review and approve future changes to the boundaries of the American Bottoms Enterprise Zone and the St. Clair County MidAmerica Enterprise Zone and incentives offered within those Zones.
(6) One member will serve on the Economic Development Department-Loan Committee.