So far, 2010 is turning into a banner year for Saginaw County. In the first quarter, economic development officials reported a $7.8 million infusion of new investment, new jobs and company expansions.
The first quarter of 2010 also brought good news on the employment front, with the creation of 58 new jobs and the retention of 58, according to
Saginaw Future, the area's local economic development organization.
Here are some of the companies that contributed to Saginaw County's economic growth during the first quarter of 2010:
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Cignys Corp. invested nearly $750,000 in three Saginaw County projects. In Bridgeport and Shields, the company bought new facilities to increase the company's efficiency when fulfilling orders for defense and aerospace clients. New software and hardware programs will help the Saginaw facility develop project estimates.
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Hausbeck Pickle Co. Inc. began a two-phase expansion, which will include the addition of about 10,000 square feet of manufacturing space, a warehouse addition, and the development of an on-site tank yard. The company plans to invest $600,000 in the building expansion and $900,000 in new equipment. Seventeen new jobs will be created.
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InCal Technologies purchased more than $200,000 in new equipment as a result of increased demand from the aerospace, medical, and defense sectors. The equipment purchased also helped the company retain one technician position.
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Merrill Technologies Group (MTG), received an Advanced Energy Manufacturing Tax Credit (48C) through the American Reinvestment & Recovery Act of 2009. The company was awarded $22 million toward an investment of $73 million in advanced manufacturing equipment for production of equipment used to build wind turbines.
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U.S. Graphite, which manufacturers carbide components, invested more than $1 million in improvements for a new building it purchased adjacent to its property last year. New presses also will allow the company to serve more clients and retain its existing workforce.
Writer: Jenny Cromie
Source: Saginaw Future, Steve Jonas
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