Saginaw Future 19th Annual Awards Luncheon

Saginaw County & the Great Lakes Bay Region - Energizing The New Economy - Saginaw Future 19th Annual Awards Luncheon

Saginaw, MI, February 20, 2011 --( Saginaw Future (SF) honored 34 economic development projects that led to nearly $182 million invested in Saginaw County and the Great Lakes Bay Region. The Economic Excellence Awards were presented today at Saginaw Future’s 19th Annual Awards Luncheon, which was attended by over 400 business and community leaders at TheDow Event Center.

Energizing The New Economy was this year’s theme, which refers to rejuvenated traditional industries and new technology being developed in Saginaw County and the Great Lakes Bay Region.

“Saginaw County and the Great Lakes Bay Region are transitioning to a new economy that blends traditional industry sectors with new technology,” said Saginaw Future 2010 Chairman Ed Bruff. “Our team is working with the State to help advance new economic opportunities and we were very happy to welcome MEDC President & CEO Mike Finney today.”

Michael A. Finney is the President and CEO of the Michigan Economic Development Corporation, the State of Michigan’s lead economic development agency, and is responsible for executing Governor Snyder’s economic development strategy.

Finney formerly served as Assistant City Manager for the City of Saginaw and received the 2008 Saginaw Valley State University Outstanding Alumnus for the College of Business and Management. He gave a presentation on new economic development policies for the State of Michigan.

Saginaw Future President JoAnn Crary stated, “We look forward to working with the MEDC and Governor Snyder to develop new markets in the renewable energy industry and renew investment in agri-business and advanced manufacturing.”

Five dynamic projects had a significant impact on the local economy in 2010:

· Merrill Technologies Group partnered with Northern Power Systems to develop the first large scale production of utility-scale wind turbines in the State of Michigan. Merrill Technologies also had growth as a result of its new solar, wind and defense opportunities.
· Star of the West Milling Company exceeded expectations and amended its 2009 tax abatement for an estimated $5.5 million expansion. The 17th largest miller in the U.S. has invested more than $8.4 million over the past three years.
· Reinvestment and redevelopment is coming to S. Washington Ave. in the City of Saginaw as two companies will expand and bring dozens of jobs to the area. Midwestern Surgical Associates plans to construct a 16,000 sq. ft. two-story building and Gateway Financial is investing $500,000 to expand in the 999 S. Washington building.
· Dow Corning Corporation is slated to invest $3.53 million over the next two years in infrastructure and new equipment at its Thomas Township Health Industries Materials Site (HIMS) facility. This is Dow Corning’s fourth recent investment at the facility totaling nearly $15 million.
· In addition, a Wisconsin based company, Midwest Manufacturing, purchased a formerly vacant facility in the City of Saginaw and began production of landscape block and other products for 26 Menard stores in Michigan.

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.

Saginaw Future
Greg LaMarr
989-754-8222 x 231