Bay City and Saginaw Metro Areas Ranked in Top 10 for New Investment
21 Mar 2017
Bay City and Saginaw, Mich., part of the Great Lakes Bay Region, March 21, 2017 – The Bay City and Saginaw metropolitan areas both tied for ninth in Site Selection magazine's Top 10 Metro Areas: Tier Three New and Expanded Facilities in 2016 (Metros with population less than 200,000). The rankings are part of the overall Governor's Cup Awards and the State of Michigan ranked 10th.
The 63-year-old Atlanta-based magazine has awarded the Governor’s Cup annually since 1988, based on new and expanded corporate facilities as tracked by the proprietary Conway Projects Database. Site Selection, published by Conway Inc., is the senior publication in the corporate real estate and economic development fields and is the official publication of the Industrial Asset Management Council.
The Bay City and Saginaw metro area projects included medical device manufacturing, aerospace, automotive and new office facilities. The rankings are based on new corporate facility projects with significant impact, including headquarters, manufacturing plants, R&D operations and logistics sites, among others. It does not track retail and government projects, or schools and hospitals. New facilities and expansions included in the analyses must meet at least one of three criteria: (a) involve a capital investment of at least US$1 million, (b) create at least 20 new jobs or (c) add at least 20,000 sq. ft. (1,858 sq. m.) of new floor area.
Established in 2004, Bay Future, Inc. is a public-private alliance of government, business and other organizations that support economic growth in Bay County and the Great Lakes Bay Region. Bay Future, Inc. is dedicated to facilitating economic development strategies that promote and secure opportunities for business retention, growth, and the attraction of new industries that create quality jobs for community residents. www.bayfuture.com
Established in 1992, Saginaw Future Inc. (SFI) is a public-private alliance of local businesses, the County of Saginaw, City of Saginaw, 15 local municipalities and the Saginaw County Chamber of Commerce. SFI’s strategic partners also include education, labor and government. Since its beginning, SFI has remained dedicated to fostering quality job creation through expansion of local industry and attraction of new business projects to the community. www.SaginawFuture.com