Saginaw, MI, June 18, 2010 --(PR.com
)-- In the 1st quarter of 2010, Saginaw Future (SF) assisted eight companies that invested nearly $7.8 million, creating 58 jobs and retaining 58 jobs.
CIGNYS Corporation invested nearly $750,000 in three Saginaw County projects.
Bridgeport facility purchased a new Hass vertical milling machining center that will help the company be more efficient in working on customer orders in the defense and aerospace markets.
Saginaw site purchased a new ERP accounting software and hardware program that will assist in being more competitive and efficient in project estimation.
Shields location purchased a new milling center that will assist the company with more efficient processing of customer orders in the defense and aerospace markets.
Hausbeck Pickle Company Inc. is developing a two-phase expansion that includes approximately 10,000 sq. ft. of manufacturing space with future plans calling for a warehouse addition and an on-site tank yard. The company anticipates starting construction on the manufacturing space this Spring with the tank yard addition to come in a year or two. Hausbeck will invest $600,000 in the building expansion and $900,000 plus in new equipment purchases that will result in 17 jobs created. SF assisted the company and the City of Saginaw with a Renaissance Zone extension application that required city and county resolutions of support. The application/project received approval by the Michigan Strategic Fund Board in March.
InCal Technologies has added new equipment due to increased business in the aerospace, medical, and defense sectors. The company purchased a Zeiss Prismo Coordinate Measuring Machine, necessary software, and a new computer to operate the machine. This added equipment has helped retain one technician position. The company also added an OGP Vision System for parts inspection that led to additional calibration employees. The total investment is more than $200,000.
Merrill Technologies Group (MTG) and a handful of Michigan companies received an Advanced Energy Manufacturing Tax Credit (48C) through the American Reinvestment & Recovery Act of 2009. MTG was awarded $22,021,500 towards an investment of $73 million in advanced manufacturing equipment to support the production of nacelles for Northern Power’s new 2.2 MW utility-scale wind turbine. The project will progress through prototype and pilot phases into serial production.
U.S. Graphite is a manufacturer of carbide components and a long time City of Saginaw employer. The company purchased the former Kelly Tire building adjacent to its property approximately a year ago and has invested over $1 million in substantial improvements since occupying the building. U.S. Graphite also purchased new presses that will be used to service more clients and retain its workforce.
(One company requested that its project remain confidential at this time.)
Established in 1992, Saginaw Future (SF) is a public-private alliance of local businesses, the County of Saginaw, City of Saginaw, 16 local municipalities and the Saginaw County Chamber of Commerce. SF’s strategic partners also include education, labor and government. Since its beginning, SF has remained dedicated to fostering quality job creation through expansion of local industry and attraction of new business projects to the community.
For more information on Saginaw Future, please contact Greg LaMarr, Communications Manager for Saginaw Future, at 989-754-8222 x 231, e-mail glamarr@SaginawFuture.com or go to www.SaginawFuture.com