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Bay Future | Bay Future Focus: September 2021

08.21.19 -- BayFutureDriveForward.

President & CEO’s Message

With the announcements of nearly $400 Million of investments in Monitor Township, August proved to be a very exciting month in Bay County, Michigan!
 
Our team at Bay Future has had the pleasure to work alongside Michigan Sugar Company and SK Siltron CSS leadership to make these announcements along with many partners in the community including, Monitor Township Officials, the Monitor Township DDA, Bay County Officials, Great Lakes Bay Michigan Works!, the Michigan Economic Development Corporation, and more!
 
These are two of the largest investments that Bay County has seen, following the announcement of a $150 Million investment by Wilkinson Minerals earlier this Spring.
 
We are grateful and excited these companies are choosing to invest here and are assisting us in our efforts to continue to Drive Bay County Forward!
 
 
 
Happy reading,
 
-Trevor Keyes, EDFP
President & CEO
Bay Future, Inc.

 
Michigan Sugar Company Investing $65+ Million
Michigan Sugar Investment Announcement
 
Michigan Sugar Company announced plans to invest more than $65 million to construct a desugarization facility at its factory located at 2600 S. Euclid Ave. in Bay County’s Monitor Township (commonly known as the company’s Bay City factory).
 
The facility will allow Michigan Sugar Company to produce up to an additional 80 million pounds of pure, all-natural sugar annually from molasses that is a byproduct of the process through which sugar is extracted from sugarbeets. Currently, Michigan Sugar Company has the capacity to extract additional sugar from 60% of its molasses. The new facility will allow the company to extract additional sugar from 100% of its molasses.
 
This $65+ million announcement follows the company’s announcement of a $2 million investment to expand their packaging operation at the Bay City facility. The project also includes installation of a new brown sugar packaging machine, sugar transport system and the infrastructure to add another line in the future.
 
Bay County Leaders Tour SK Siltron CSS
 
Pictured above (left to right) Megan Manning, Bay Future, Inc.; Madison Jarmon, Consumers Energy; Duane Gohr, Valley Center Technology Park Owner’s Association/ Lyondellbasell; Terry Spencer, Monitor Township Supervisor; Jim Barcia, Bay County Executive; Vaugh Begick, Bay County Commissioner; SK Siltron CSS: Jianwei Dong, CEO; Richard Groves, Capital Projects and Facility Leader; Tiffany Kukla, HR Leader; Ed Sanchez, VP of Technologies and Operations; Ilgoo Jeong, Corporate Officer
 
Last month, SK Siltron CSS shared news of a $302 million investment in Bay County, Michigan. The silicon carbide (SiC) wafer manufacturer has plans to create 150 high-paying, skilled jobs over the next three years, to support U.S. electric vehicle production. Read full press release here.
 
Bay County community leaders had the opportunity to meet with SK Siltron CSS leadership facility last week. During the meeting they learned about the history of the organization as well as plans for growth, details of the cutting edge silicon carbide wafer technology, along with an opportunity to tour the current manufacturing space.
Bay Future SK Siltron Announcement
 
Bay County Featured in Business in Focus Magazine
 
In a state that is known for its automotive history, leading the charge to drive the local economy forward in Bay County, Michigan is Bay Future, Inc. The economic development organization has found ways to rally communal support for the local economy and community well-being at a time when it was needed most, during the COVID-19 pandemic.
 
Read the full article below!
 
 
Investor Spotlight
 
Independent Bank – Meet Mike Stodolak
 
Bay Future, Inc. Meet Mike Stodolak
 
 
Learn more about Mike Stodolak, Bay Future, Inc. Board of Director and Market President at Independent Bank
 

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