Saginaw Future Inc.

Saginaw Future Inc. is a private nonprofit economic development organization dedicated to promoting investments in Saginaw, Michigan. Established in 1992, it is an Accredited Economic Development Organization (AEDO) as recognized by the International Economic Development Council (IEDC).

History and Formation

Saginaw Future was founded by a collaborative effort involving the City of Saginaw, Saginaw County, and the Saginaw County Chamber of Commerce. The organization is primarily funded by local governments and serves as a unified force for economic development in the region.

Mission and Objectives

The mission of Saginaw Future is to enhance the economy of Saginaw County by facilitating business retention, expansion, attraction, and development. It achieves this through strategic initiatives aimed at creating a positive business environment, attracting investments, and fostering economic growth. Key objectives include:

• Strengthening Existing Businesses: Providing support and resources to help local businesses grow and expand.
• Attracting New Investments: Leveraging major corporations and assets to attract world-class businesses to the area.
• Promoting Saginaw County: Showcasing Saginaw County as a premier location for local and foreign investment.
• Improving Quality of Life: Engaging in local and regional initiatives to enhance quality of life for residents.
• Talent Recruitment: Demonstrating opportunities available in Saginaw County to attract talent.

Structure and Partnerships

Saginaw Future is an alliance of local businesses, the Saginaw County Chamber of Commerce, labor organizations, educational institutions, local foundations, and 16 municipal governments in Saginaw County. This collaborative structure allows the organization to effectively address economic challenges and opportunities.

Programs and Initiatives

Saginaw Future offers a range of programs designed to support businesses and investors, including:

• Financial and Incentive Packaging: Helping businesses navigate state and local incentive programs.
• State Business Opportunity Programs: Identifying opportunities for businesses to access government contracts.
• Site Location Assistance: Providing assistance with site selection and development.
• Workforce Development: Addressing workforce needs through training and recruitment initiatives.
• Community Liaison Assistance: Serving as a liaison between businesses and community stakeholders.

Achievements

Under Saginaw Future's leadership, over $8.5 billion has been invested in Saginaw County, leading to the expansion of nearly 900 businesses. These investments have contributed significantly to the economic growth of the region, enhancing the quality of life and creating opportunities for residents.

Recognition and Funding

Saginaw Future has received notable recognition for its collaborative efforts, including the CoreNet Global Economic Development and Leadership Award in 2008 for its role in securing a major expansion by Hemlock Semiconductor Corporation. The organization is primarily funded by local governments, with annual contributions from both the City of Saginaw and Saginaw County.