The Madison City Council on Tuesday held the first reading on a bill that would create a board to oversee economic development in the city and Jefferson County.

The board is the second step in Mayor Damon Welch's economic development strategy that he unveiled earlier this year. The first step, a restructured Economic Development Partners, has been developing over the past two weeks.

Earlier Tuesday, the Board of Works voted unanimously to fund EDP for another year.

The Jefferson County Indiana Vision and Economic Strategy Team (JC-INVEST) would be an 11-member board consisting of five public officials and six sector representatives who would have oversight on economic development strategies throughout the county.

The adoption and creation of the oversight board for economic development will go on to the second reading and have an opportunity for comment at the March 5 meeting.