Fullerton Tool West Facility is one of the latest to locate in Great Lakes Tech Park. (SFI Photo)
SAGINAW CHEERS: $174 Million in Economic Development Celebrated
March 14, 2016
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By: Dave Rogers
Saginaw Future Inc. (SFI) has recognized 32 economic development projects from 2015 that led to more than $174 million invested in Saginaw County.
SFI's 24TH Annual Awards Luncheon recently at Saginaw Valley State University was attended by more than 400 business and community leaders, along with special guests Congressman Dan Kildee, Congressman John Moolenaar and Lt. Governor Brian Calley.
Along with the Economic Excellence Awards, The Standing Company was selected as the Saginaw Future Procurement Technical Assistance Center Contractor of the Year.
Said 2015 Saginaw Future Chairman Joseph Perkins. "The quality and diversity of the economic development projects celebrated today are evidence of the outstanding leadership that we have in place and the talent of our workforce."
Growth and excitement in Downtown and Old Town Saginaw continue to surge with nine projects in 2015. Saginaw County's traditional strengths in advanced manufacturing and logistical opportunities resulted in 19 projects and more than 1,100 jobs.
Saginaw Future President JoAnn Crary stated, "The interest in Saginaw's Downtown and Old Town districts continue to build and you can really feel the energy and a sense of community spirit. When you combine that with significant growth in manufacturing and transportation related projects, it has been a great year for Saginaw County business."
The luncheon featured speaker was Matthew Cullen, president and chief executive officer of Rock Ventures and chief executive officer of Rock Gaming He highlighted Rock Ventures and its Family of Companies -- efforts to spark development and revitalization in the City of Detroit.
Established in 1992, Saginaw Future Inc. is a public-private alliance of local businesses, the County of Saginaw, City of Saginaw, 15 local municipalities and the Saginaw County Chamber of Commerce. SFI's strategic partners also include education, labor, and government. Since its beginning, SFI has remained dedicated to fostering quality job creation through expansion of local industry and attraction of new business projects to the community. www.SaginawFuture.com
Construction has begun on a FedEx Ground distribution center in Buena Charter Vista Township. The new 213,500 sf facility will be near I-75 and M-81 (Washington Avenue) and is expected to be completed for move in by early Summer 2016.
The FedEx center is expected to employ 117 full and part time positions, with a majority of these positions (18 full-time and 68 part time) retained from the current Buena Vista location. The company expects to invest nearly $20.3 million in the new facility and equipment, including a state-of-the-art material handling system. Saginaw Future is assisting the company and Buena Vista community with an abatement on real property improvements. SFI also assisted with site location and development with the property owner and a commercial realtor, who represented
The Saginaw Downtown Development Authority (DDA), now administered by Saginaw Future, received a $1 million grant to help develop a group of downtown properties for the Downtown Saginaw Farmers Market group and SVRC Industries. The funding will come from the Michigan Department of Environmental Quality (DEQ) Brownfield Grant program.
The Saginaw DDA requested the state grant to help cover the cost of environmental cleanup at the former Saginaw News and Firestone Tire buildings located at 203 S. Washington Ave. and 134 S. Water St. The grant will be used to determine the extent of contamination, disposal
of contaminated soil, capping, and partial building demolition according to the DEQ. The Saginaw DDA has partnered with the Downtown Saginaw Farmers Market and SVRC Industries to redevelop the building, including a year-round farmers market, food hub, commercial kitchen space, ballroom and conference space and offices.
For photos, videos and more, go to www.SaginawFuture.com/news-center and click Awards Luncheon.
Dave Rogers is a former editorial writer for the Bay City Times and a widely read,
respected journalist/writer in and around Bay City.
(Contact Dave Via Email at firstname.lastname@example.org)
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