Saginaw Future wins for excellence in economic development: U.S. Commerce Secretary Gary Locke announced that Saginaw Future Inc., the Michigan Economic Development Corporation and the Saginaw County Chamber of Commerce of Saginaw, Mich., received the 2009 Excellence in Economic Development Award for Excellence in Environmental or Energy Economic Development for their commitment to research-based, market driven economic development in helping grow the local economy. "Saginaw Future Inc., the Michigan Economic Development Corporation and the Saginaw County Chamber of Commerce represent the best and brightest in 21st century economic development," Locke said. "Excellence Award winners exemplify the importance of supporting regional strategies to ensure American communities succeed in the global marketplace and create higher-skill, higher-wage jobs." The Saginaw Future led team worked together to assist Dow Corning Corporation and Hemlock Semiconductor Corp. in a global site search in late 2007 for its next poly-silicon expansion project. The challenges were energy costs, infrastructure needs and investment diversification -- needed incentives to level the playing field. The economic team effort resulted in a HSC investment of up to $1 billion and 300 new permanent jobs and 800 construction jobs to expand poly-silicon production. Saginaw County, the Great Lakes Bay Region and the State of Michigan brought a diverse group of influential leaders and organizations together to support bringing this project to Saginaw County. Saginaw Future Inc., the Michigan Economic Development Corporation and the Saginaw County Chamber of Commerce were the driving force and the organizers behind this regional and state effort.
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