Preheat the oven to 350 degrees.
Mix together brown sugar and chili powder in a small bowl.
Spray a broiler pan with nonstick cooking spray.
Cut a pound of bacon strips in half and wrap them around meatballs, securing the bacon in place with a toothpick.
Dredge the bacon wrapped meatballs in the sugar and chili mixture, pressing to coat it well.
Place them on the greased broiler pan and bake at 350 degrees for 30-45 minutes, depending on how you like your bacon.
I like mine crispy, so I baked them for 45 minutes.