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 Saginaw County, Michigan, United States, and its county seat. It had a population of 44,202 at the 2020 United States census, 2020 census. Located along the Saginaw River, Saginaw is adjacent to Saginaw Charter Township, ...

. It is an Accredited Economic Development Organization (AEDO) by the International Economic Development Council (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 in the U.S. state of Michigan. Operating under the slogan " Pure Michigan", MEDC attempts to encourage the tourism po ...

, 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. 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 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