Abbreviation | SFI |
---|---|
Formation | 1992 |
Type | Economic development organization |
38-3021995 | |
Legal status | 501(c)(3) |
Region | Saginaw County, Michigan |
President | JoAnn Crary |
Dan George, Chairman | |
Revenue (2014) | US$729,193 |
Expenses (2014) | US$1,107,428 |
Website | saginawfuture |
[1] [2] [3] |
Saginaw Future Inc. (commonly referred to as Saginaw Future or SFI) is a private nonprofit economic development organization that encourages investments in Saginaw, Michigan. [1] It is an Accredited Economic Development Organization (AEDO) by the International Economic Development Council (IEDC). [4] While the organization is private, it is primarily funded by area governments. [3]
Saginaw Future was founded in 1992. [1] [2]
In May 2008, the organization, along with the Michigan Economic Development Corporation, won the CoreNet Global Economic Development and Leadership Award for the two organizations collaborative work securing a planned US$1 billion expansion in Saginaw County by Hemlock Semiconductor Corporation. [5]
In May 2016, the City of Sagianw renewed a US$102,500 per-year agreement, set to expire on December 30, 2020, to support the organization's efforts. While the city has had a relationship with the organization since its founding, the contract was expanded to include coordination of the Sagianw Downtown Development Authority. [1]
Saginaw Future is an alliance of businesses in the Saginaw area, the Saginaw County Chamber of Commerce, labor organizations, Saginaw area foundations, 15 local municipal governments, and the governments of Saginaw County and the City of Saginaw. [1] [2]
As of May 2016 [update] , the Saginaw city government contributes US$102,500 annually, and the Saginaw county government contributes US$200,000 annually to the organization. [1]
Saginaw Future encourages economic investments in the Saginaw area through incentive programs, site allocation and development assistance, business advocacy, and community liaison assistance. [4]
The Lower Peninsula of Michigan – also known as Lower Michigan – is the larger, southern and less elevated of the two major landmasses that make up the U.S. state of Michigan; the other being the Upper Peninsula, which is separated by the Straits of Mackinac. It is surrounded by water on all sides except its southern border, which it shares with Indiana and Ohio.
Kalamazoo is a city in and the county seat of Kalamazoo County, Michigan, United States. At the 2020 census, Kalamazoo had a population of 73,598. It is the principal city of the Kalamazoo–Portage metropolitan area in southwestern Michigan, which had a population of 261,670 in 2020.
Flint is the largest city and seat of Genesee County, Michigan, United States. Located along the Flint River, 66 miles (106 km) northwest of Detroit, it is a principal city within the region known as Mid Michigan. At the 2020 census, Flint had a population of 81,252, making it the twelfth-most populous city in Michigan. The Flint metropolitan area is located entirely within Genesee County. It is the fourth-largest metropolitan area in Michigan with a population of 406,892 in 2020. The city was incorporated in 1855.
Saginaw County, officially the County of Saginaw, is a county located in the U.S. state of Michigan. As of the 2020 Census, the population was 190,124. The county seat is Saginaw. The county was created by September 10, 1822, and was fully organized on February 9, 1835. The etymology of the county's name is uncertain. It may be derived from Sace-nong or Sak-e-nong, as the Sauk tribe is believed by some to have once lived there. A more likely possibility is that it comes from Ojibwe words meaning "place of the outlet" –sag and ong. See List of Michigan county name etymologies.
Bay County is located in the U.S. state of Michigan. As of the 2020 Census, the population was 103,856. The county seat is Bay City.
Bay City is a city in and the county seat of Bay County, Michigan, United States. The population was 32,661 as of the 2020 census. The city is located just upriver from Saginaw Bay on the Saginaw River. It is the principal city of the Bay City metropolitan area, which is coterminous with Bay County as part of the larger Greater Tri-Cities region of Central Michigan. Several historic bridges cross the Saginaw River in Bay City, including Liberty Bridge, Veterans Memorial Bridge, Independence Bridge, and Lafayette Avenue Bridge.
Charter Township of Grand Blanc is a charter township of Genesee County in the U.S. state of Michigan. The population was 39,846 at the 2020 census, a slight increase from 37,508 at the 2010 census. The city of Grand Blanc was formed out of part of the township's survey area. The Charter Township is the largest suburb of Flint.
Pontiac is a city in and the county seat of Oakland County in the U.S. state of Michigan. Located roughly 26 miles (41.8 km) northwest of downtown Detroit, Pontiac is part of the Detroit metropolitan area, and is variously described as a satellite city or suburb of Detroit. As of the 2020 census, the city had a population of 61,606.
Saginaw is a city in and the seat of Saginaw County, Michigan, United States. The city proper had a population of 44,202 at the 2020 census. Located along the Saginaw River, Saginaw is adjacent to Saginaw Charter Township and considered part of Greater Tri-Cities region of Central Michigan. The Saginaw metropolitan area had a population of 190,124 in 2020. The city is also the largest municipality in the Greater Tri-Cities, with a combined population of 377,474 in the combined statistical area in 2020.
The Overseas Private Investment Corporation (OPIC) was the United States Government's Development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID) to form the U.S. International Development Finance Corporation (DFC). OPIC mobilized private capital to help solve critical development challenges and in doing so, advanced the foreign policy of the United States and national security objectives.
The U.S. Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants and technical assistance to economically distressed communities in order to generate new employment, help retain existing jobs and stimulate industrial and commercial growth through a variety of investment programs. EDA works with boards and communities across the country on economic development strategies.
Saginaw Chippewa Indian Tribe of Michigan is a federally recognized band of Chippewa located in central Michigan in the United States.
The Hsinchu Science Park is an industrial park established by the government of Taiwan on 15 December 1980. It straddles Hsinchu City and Hsinchu County in Taiwan.
The Saginaw River is a 22.4-mile-long (36.0 km) river in the U.S. state of Michigan. It is formed by the confluence of the Tittabawassee and Shiawassee rivers southwest of Saginaw. It flows northward into the Saginaw Bay of Lake Huron, passing through the cities of Saginaw and Bay City, both of which developed around it in the 19th century. The watershed area is 8,595 square miles (22,260 km2). At its mouth, the river's estimated average discharge is 4,827 cubic feet per second (136.7 m3/s).
Bay City State Park is a 2,389-acre (967 ha) state park located on the shore of Saginaw Bay near Bay City in Bay County, Michigan, United States. The Tobico Marsh, one of the largest remaining freshwater, coastal wetlands on the Great Lakes is located in the park. Other natural features of the park include a mile of sandy beach, over 2,000 acres (810 ha) of wetland woods, meadows, oak savannah prairies, and cattail marshes. The park is a haven for migratory birds and wetland wildlife.
Central Michigan, also called Mid Michigan, is a region in the Lower Peninsula of the U.S. state of Michigan. As its name implies, it is the middle area of the Lower Peninsula. Lower Michigan is said to resemble a mitten, and Mid Michigan corresponds roughly to the thumb and palm, stretching from Michigan's eastern shoreline along Lake Huron into the fertile rolling plains of the Michigan Basin. The region contains cities of moderate size, including Flint, Saginaw, and the state capital of Lansing. Generally Central, or "Mid", Michigan is defined by governmental organizations as an area North of Jackson, and South of Clare.
Darnell Earley is an American public administrator and municipal manager. Formerly the city manager of Saginaw, Michigan and emergency manager of Flint, Michigan, Earley served as temporary mayor of Flint after the recall of Woodrow Stanley. Earley was appointed emergency manager of the Detroit Public Schools system in January 2015. He resigned that position in February 2016. In January 2021 he was indicted on felony charges regarding the Flint water crisis.
The Detroit Region Aerotropolis is a four-community, two-county public-private economic development partnership focused on driving corporate expansion and new investments around Wayne County Airport Authority's airports: Detroit Metropolitan Airport and Willow Run Airport. The Detroit Region Aerotropolis promotes greenfield expansion in Southeast Michigan, offering development-ready land centered in an expansive network of transportation infrastructure including two airports, three major interstates, five Class-A rail lines, and the American Center for Mobility.
Hemlock Semiconductor (HSC) is the largest producer of hyper-pure polysilicon headquartered in the United States. Polycrystalline silicon, also called polysilicon, is a high purity, polycrystalline form of silicon, used as a raw material by the solar photovoltaic and electronics industry.
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