Saginaw Future Inc.

"It is a tremendous honor to be recognized by CoreNet for our economic development leadership success..."

Saginaw Future Inc. is the recipient of CoreNet Global Economic Development and Leadership Award for its role in securing the $1 billion expansion by Dow Corning's joint venture Hemlock Semiconductor Corporation in Saginaw County.

Saginaw Future's chief JoAnn Crary was presented the award during a ceremony at the CoreNet Global Summit in San Diego.

HSC's expanded facility, due to start coming online in 2010, will nearly double the company's total annual output of polycrystalline silicon, a component of photovoltaic cells used to produce solar energy and various electronic devices for the semiconductor industry. It is the company's third expansion in Hemlock in the past three years. Combined, they are expected to generate 1,174 new jobs and up to $1.5 billion in capital investment.

"It is a tremendous honor to be recognized by CoreNet for our economic development leadership success," Crary said. "The HSC expansion is one example of how our collaboration with the MEDC and other partners results in new jobs and a strong economy for our community."