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Saginaw Future Fundraising Campaign 2014 - 2016. What is Saginaw Future Inc.?. Non-profit 501(c)(3) corporation Economic Development for Saginaw County Private and public funding stake holders 176 Private Business Supporters and Individuals
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What is Saginaw Future Inc.? • Non-profit 501(c)(3) corporation • Economic Development for Saginaw County • Private and public funding stake holders • 176 Private Business Supporters and Individuals • County & City of Saginaw & Local Units of Government, Foundations • 9 Staff Members (2, totally grant funded for the PTAC)
Our Mission To increase economic opportunity ensuring long term growth and prosperity by fostering investment in area such as advanced manufacturing, professional services, medical devices, high-tech industries and renewable energy (solar & wind). Jobs, Jobs, Jobs New Investment Focus on Creation & Retention of Base Industries
Board of Directors Michael P. Gannon - Nexteer Automotive Chairman Richard J. Garber – Garber Management Group Past Chairman Aaron Howald– Hemlock Semiconductor Group Vice Chairman Chris Furlo – Morley Companies, Inc. Secretary/Treasurer JoAnn Crary – Saginaw Future Inc. President Darnell Earley– City of Saginaw Michael Hanley – Saginaw County Board of Commissioners Bob Van Deventer – Saginaw County Chamber of Commerce Tom Begin – Consumers Energy Mary Lou Benecke – SSP Associates, Inc. • Dan George – Covenant HealthCare Dr. Jean Goodnow– Delta College • John Graham – St. Mary’s of Michigan • John James – The Dow Chemical Company • Paul T. Moore – Village of Birch Run • Ed Oberski – Great Lakes Bay Michigan Works! • Joe Smith – Teamsters Local 486 • Brian Stadler– Wolgast Corporation • Martin Stark – Community Leader • Russell Taylor – Thomas Township • Jim Van Tiflin – Citizens Bank • Chad Wurtzel– United Auto Workers • Robert Yackel – Merrill Technologies Group
Invested $190m over past two years • Created 325 jobs • Retained 1,650 jobs • Buena Vista Charter Twp. & MEDC approved incentives • Launched SunSteerTM • Solar tracking actuator • Utilizing local engineers & expertise
Consolidated in Downtown Saginaw • $1m in building upgrades • Sold its Bay Rd location to Morley Companies • Retained 230 employees • Worked with City of Saginaw • Address project needs • Employee parking
Purchased AT&T Building on Bay Rd • Invested $2.6m • Hired 150 new employees • Continues to grow and expand • Legislative Leaders and MEDC were instrumental in changing MEGA law to include HealthCare Benefits in the Calculation for MEGA Eligibility • MEDC Approved a 5 year MEGA, $2.89m tax credit
CMU College of Medicine • Locations at Covenant HealthCare & St. Mary’s of Michigan • 180,000 sq. ft. of clinical space • $25m capital campaign • 2013 inaugural class
Dow Corning HIMS Dow Corning Healthcare Industries Materials Site • $2.5m investment • 11 jobs created & retained • 175 employees on site • Dedicated to supplying products to health care industry • Multiple investments over the years • Community supportive
NextEra Energy Resources • 7 wind turbines • Operations facility • Blumfield Township • $20m investment • 220 construction workers, 10 technicians • Part of 75 turbine wind farm
Merrill Technologies Group • Expanded at multiple locations • Renovated 2 City of Saginaw facilities • Relocated its Engineering & Integration division & its headquarters • Added new equipment in the City of Saginaw & Village of Merrill • Saginaw Future PTAC Contractor of the Year for 2nd year in a row • 450 employees in Michigan and Indiana • Worked with MTG for years
231-acre shovel-ready Tech Park • FREE parcels with a development agreement • Strategically located within a mile of Hemlock Semiconductor, the world’s largest producer of polycrystalline silicon for the solar and electronics industries • Global headquarters and multiple manufacturing facilities for Dow Corning, Nexteer Automotive and The Dow Chemical Company are located in the region • Nearly 20% of local workforce employed in manufacturing, many with experience in electronics and precision components
Other Initiatives • Downtown Saginaw’s Bancroft and Eddy buildings are being repurposed • The Event Center’s outdoor venue is also being developed • SFI will continue to develop a Regional Revolving Loan Fund • Reuse former industrial sites • Work with Great Lakes Bay Regional Partners to market our assets and assist job providers
www.GreatLakesBaySites.com Free online database to attract and expand businesses and jobs Utilizes Google mapping Features available industrial, commercial, office and retail properties 11 counties, 895 properties listed, 189 developers & realtors, 1,094 searches from 1/1/2013 to 3/10/2013
Fundraising Campaign 2014-2016 • Return on Investment • Every $1,000 donated generates $301,000 in new investment • Every $1,000 donated generates approximately TWO jobs. • SFI’s $1.15m budget is funded 50% public and 50% private • Total fundraising goal for 3 year campaign is $1.7m • Funds Support: • Existing Industry Retention & Expansion • New Business Attraction • Marketing Saginaw County • Targeted Economic Development Initiatives
515 N. Washington Ave. Third Floor Saginaw, MI 48607 (989) 754-8222 (989) 754-1715 (fax) info@SaginawFuture.com Website: www.SaginawFuture.com Sites & Buildings: www.GreatLakesBaySites.com Social: www.facebook.com/SaginawFuture Thank you for your Support!