|
|
3rd Quarter Saginaw County Business
Attractions
November 10, 2006
The following are companies
Saginaw Future Inc. (SFI) assisted with expansion projects and those firms
locating in Saginaw County during the 3rd quarter of 2006.
Expansions
- Frankenmuth Mutual Insurance is expanding its corporate
headquarters by 47,000 square feet. The company is investing $10 million
in the project, which is expected to create an initial 70 jobs with an
estimated 130 more jobs to follow. The insurance company is constructing
a new fitness center for its employees, renovating office and building
additional office space. The Michigan Economic Development Corporation
granted $330,784 to the City of Frankenmuth to support the project. The
funds will be used to upgrade an adjoining wastewater system and the city
will contribute $323,284.
- Memtron Input Components is purchasing new machinery to support
client growth and needs. The company is investing $175,500 and is
expected to create three new jobs as a result. This is the company's
third major investment in the past six years, which total more than $1.2
million. Memtron designs and manufacturers electronic input components,
membrane switches and control panels. Memtron devices are used in a
variety of applications from hospital surgical equipment to advanced
manufacturing machinery.
- MKR Fabricating purchased a new steel roll-bending machine.
The custom steel fabrication company provides bendings, rolling, shearing,
welding, sawing and punching services for the production of machinery and
parts. MKR's $176,535 investment will lead to the creation of two new
jobs. Saginaw Future assisted the company and the community with an
investment incentive. The Buena Vista Charter Township based company was
established in 1987 and has approximately 18 employees.
- Ranger Tool & Die Co. has purchased nearly $120,000 in new
equipment, which will also lead to the creation of two new jobs. Since
1954, the privately owned company specializes in all varieties of stamped
and machined prototypes, and product development parts. Ranger Tool
possesses a wide range of CNC and manual capabilities along with the
ability to perform complex manufacturing processes with the latest
technology.
- Rico Tool Company, Inc. continues to reinvest in its future.
Rico Tool recently purchased $110,000 in new machinery and is expected to
add one employee as a result. This is the second recent investment for
the company. In 2004, Rico Tool invested $241,000 in new Computerized
Numerical Control equipment due to increased demand for its products.
- Siler Precision Machine, Inc. also continues to reinvest in its
future. The company recently purchased a new $121,000 milling center that
led to the addition of a new employee. This is the third major equipment
purchase for Siler Precision in the past five years, totaling over
$500,000. Saginaw Future has worked closely with Siler as it continues to
grow and open up new markets.
Attractions
-
Lake State Railroad
has acquired approximately 67 miles of CSX Transportation rail properties
in the City of Saginaw area. “The Saginaw Cluster” operates under the
name Saginaw Bay Southern (SBS). The company has officially begun
operations at its newly renovated offices on N. Washington Ave. in the
City of Saginaw. SBS refitted the former CSX facility. The seven-figure
investment and renovation is expected to create 25 new jobs.
-
Winzer Corporation, a
27-year-old national distributor of fasteners, auto repair products,
maintenance supplies and chemicals, has leased the former SFI Speculative
Building. The 40,000 square foot facility is located in the Buena Vista
Commerce Centre Industrial Park. The development and marketing of the
pre-existing Speculative Building was a joint effort of Buena Vista
Charter Township, BV Speculative Building LLC and Saginaw Future Inc.
In the 3rd quarter
of 2006, SFI assisted eight companies that invested over $11 million and
will create more than 233 jobs. SFI
was also able to assist two
organizations and the City of Saginaw through successful grant applications
and advocating for specific projects.
BACK |
|
|
