SAGINAW FUTURE DEVELOPMENT NEWSLETTER |
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New Housing and Commercial Space in Old Town Saginaw |
Hall Commercial Properties, with Alex de Parry as project manager, are renovating three historic buildings adjacent to Jake’s Old City Grill in Old Town Saginaw. Phase One of the project includes the construction of 11 two and three bedroom condominium units and three first floor commercial units. A parking garage will be located at the rear of the building facing Niagara St. Total investment for the development is estimated to be $4.1 million. Saginaw Future assisted in securing an Obsolete Property Rehabilitation Act Exception for the project, as well as assistance in the planning process with the City of Saginaw.
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DuPont Healthcare Industries Material Site Invests Millions |
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SFI assisted DuPont Healthcare Industries Materials Site and Thomas Township by applying for an amended tax abatement certificate for its 2020 Elastomer manufacturing process expansion. The construction started in 2020 and was completed in the spring of this year. The project costs increased from $4.8 million to $6.8 million and the Michigan Department of Treasury allows for amendments to Industrial Facilities Exemption Certificates within the first two years of construction.
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DTE Energy to Double its Renewable Energy Generating Capacity |
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DTE Energy is Michigan’s leading producer of and investor in renewable energy. As the company looks ahead to a decarbonized future, DTE will double its renewable energy generating capacity over the next two years while investing an additional $2 billion in renewable energy assets and infrastructure. DTE believes the move to clean energy is the right thing to do for its customers, our state’s economy, the environment and our company. DTE is committed to strengthening our state’s economy and has invested $13.7 billion with Michigan businesses since 2010, creating 44,000 jobs. In Saginaw County, DTE has begun construction on its Meridian Wind Park, which will include portions of Porter and Mount Haley Townships in Midland County and Jonesfield Township in Saginaw County. In addition, DTE will build a new substation in Richland Township to support the wind park, which represents an investment of an additional $3.5 million. The projects will be constructed over the next two years and will bring much-needed tax base to the Great Lakes Bay Region.
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MoCoco's Coffee Roasters Coming to Merrill |
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MoCoco’s Coffee Roasters will be located at 104 E. Saginaw St. (M-46) in the Village of Merrill. The long-time vacant blighted building is now owned by Maureen and Aubrey Woods. Their plans are to renovate and convert the building into a location for roasting coffee beans and operating a coffee house. There will also be a shop that will offer specialty coffees from their roasts, baked goods and light food. The renovations are expected to cost approximately $300,000 with three full time and six part-time jobs created after fully operational. Saginaw Future assisted the developers and community with creating Commercial Rehabilitation districts. |
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The Poplars Apartments Going High Efficiency |
The Poplars Apartment building is located at 4444 State St., in Saginaw Charter Township. Owner Marookeh Nahikian plans to invest $800,000 in high efficiency upgrades that includes windows, boiler, hot water system, toilets, ceiling insulation, lighting, faucets and showerheads, washers PV system, swimming pool heating system, air conditioners and refrigerators. The project is being financed by the Saginaw County Property Assessed Clean Energy (PACE) program. The special designation allows businesses and nonprofits to secure more favorable financing for energy efficiency improvements and renewable energy system projects at their facilities. SFI assisted the company and county through the process.
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Akkadian Development has partnered with WRG Group and Skymint Cannabis to develop a new building at 700 Gratiot. Skymint in one of the largest vertically integrated marihuana establishments in the State of Michigan. The project includes demolition of the existing building and development of a new retail space along with new landscaping and parking lot improvements. Skymint plans to create 15-20 new jobs. The total investment is estimated at approximately $1.5 million. Saginaw Future assisted through the city’s approval and licensing process.
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Akkadian Development also partnered with Lume Cannabis to redevelop the former bank building at 3446 State St. into a Marihuana Retailer. Lume is currently the largest retail marihuana operator in the state and 15 to 20 jobs will be created. The project includes removing portions of the building, redesigning the layout and renovating the exterior façade. In addition, the site includes new landscaping and a reconfigured parking lot. The total investment is approximately $1.1 million. SFI assisted through the city’s approval and licensing process.
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Pierce Powerline purchased a building in Kochville Township and are in the process of remodeling it to house the company offices and store all of the storm restoration equipment. This expansion resulted in an investment of $150,000, has retained 9 jobs and created12. The business has expanded its services from performing exterior overhead electrical distribution construction and maintenance services, storm restoration and electrical utility project to include interior residential, commercial and industrial wiring. Pierce Powerline has been working with the community to increase the available information about lineworkers as a career growing in demand. SFI assisted the business by providing available sites for the new location and making connections to assist the business in attracting talent.
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McDowell Healing
Arts Center
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McDowell Healing Arts Center (MHAC) purchased the former Westlund Guidance Center located at 3254 Congress Ave. in the City of Saginaw. MHAC was established 2015 by Melvin C. McDowell Jr. inside of World Overcomers Church in the City of Saginaw with one therapist and very few clients. Today MHAC is a multi-county agency (Saginaw, Cheboygan, and Genesee Counties) and is a fully licensed mental health center with therapists who focus in social work, psychology, and counseling.
MHAC has contracts to train Saginaw County juvenile detention staff and consultants, and provides training for multiple school districts including Saginaw ISD - Head Start. The group invested $250,000 in the new location and anticipates adding seven new jobs.
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Hey Blue! is a new storefront in Downtown Saginaw’s Bancroft building owned by the Saginaw Sugar Beets youth baseball/softball organization. The Sugar Beets expanded its services to include the retail sporting goods store to sell its merchandise and other sporting goods products. The store sells top of the line baseball and softball equipment making it the only site in the City of Saginaw to carry this type of equipment and only the second storefront in Saginaw County to sell it. This is the third investment Riverfront Saginaw by the Sugar Beets and its training facility membership has grown 100% since opening in 2017. The total storefront investment is approximately $125,000 and will result in the retention of three jobs and the creation of four. SFI assisted in a variety of ways including the Saginaw Downtown Development Authority’s Façade Grant Program.
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Saginaw Future Procurement Technical Assistance Center (PTAC) assists businesses in identifying and securing government contracts. In the second quarter, the PTAC assisted 25 regional companies that won 97 government contracts valued at more than $15 million.
The federal government is a multi-billion dollar purchaser of goods and services. States and local governments are also major purchasers of products and services. To ensure that Saginaw County businesses have access to these contracts, the Region 5 PTAC was created. The organization is a sub-center of the Northwest Michigan PTAC and services Saginaw, Arenac, Bay, Clare, Isabella, Gladwin, Gratiot and Midland Counties. Housed at Saginaw Future offices, the PTAC can help you understand and take advantage of government contracting opportunities. By expanding your market, your firm will become more diversified and strengthen your customer base.
The Saginaw Future PTAC provides NO FEE assistance to businesses that are interested in tapping this market. We can help your business acquire federal and state government contracts.
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Environmental Clean Up and Redevelopment Grants |
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The Michigan Department of Environment, Great Lakes, and Energy (EGLE) will provide two grants to support environmental related activity in Saginaw County. Those projects include preparation for the new Saginaw High School and continued redevelopment on Washington Ave. in the City of Saginaw for a total of $200,000. Saginaw Future worked with EGLE through the process.
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SFI also assisted the City of Saginaw by leading the application for the 2021 Blight Elimination Grant offered by the State Land Bank Authority. The $200,000 received will fund minor lead and asbestos abatement, followed by the demolition of obsolete portions of the remaining structure, at the former Baker Perkins site, located at 1010 Hess Avenue in Saginaw. This last push will complete the environmental remediation needed on the site and bring the property back to a usable site, eliminating barriers to redevelopment while beautifying the heavily trafficked corridor.
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Saginaw Future's Outstanding Investors! |
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Saginaw Future Inc. | 989-754-8222
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