Saginaw Future Inc. (commonly referred to as Saginaw Future or SFI) is a private nonprofit

economic development organization An economic development organization (EDO) is an organization dedicated to the economic development of a region, be it a subnational area such as a town, city, county, province, or state; a whole nation; or transnational regions unified through econ ...

that encourages investments in

Saginaw, Michigan Saginaw () is a city in the U.S. state of Michigan and the seat of Saginaw County. The city of Saginaw and Saginaw County are both in the area known as Mid-Michigan. Saginaw is adjacent to Saginaw Charter Township and considered part of Greater ...

. It is an Accredited Economic Development Organization (AEDO) by the

International Economic Development Council The International Economic Development Council (IEDC) is a non-profit membership organization serving economic developers. With more than 5,000 members, IEDC is the largest national and global organization of its kind. IEDC is located in Washin ...

(IEDC). While the organization is private, it is primarily funded by area governments.

History

Saginaw Future was founded in 1992. In May 2008, the organization, along with the

Michigan Economic Development Corporation The Michigan Economic Development Corporation (MEDC) is a public-private partnership agency and economic development corporation dedicated to job creation in the U.S. state of Michigan. Operating under the slogan "Pure Michigan", the MEDC attemp ...

, 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 Hemlock Semiconductor (HSC) is the largest and only producer of hyper-pure polysilicon headquartered in the United States. Founded in 1961, it is owned by Corning Inc. and Shin-Etsu Handotai and named after Hemlock, Michigan, the location of its f ...

. 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.

Structure

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 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 orga ...

and the City of Saginaw. , the Saginaw city government contributes US$102,500 annually, and the Saginaw county government contributes US$200,000 annually to the organization.

Programs

Saginaw Future encourages economic investments in the Saginaw area through incentive programs, site allocation and development assistance, business advocacy, and community liaison assistance.

References

{{reflist 1992 establishments in Michigan Economic development organizations in the United States Economy of Michigan Non-profit organizations based in Michigan Saginaw, Michigan