
Corning Incorporated, Facebook
In the heart of Saginaw County, an ambitious endeavor is poised to significantly bolster Michigan's position in the renewable energy sector, making it an attractive prospect for those living in Michigan or considering moving to Michigan. Corning Incorporated, a global leader in materials science, is at the forefront of this transformative project with plans to establish a state-of-the-art solar component manufacturing facility. This venture is not just a leap towards meeting the burgeoning demand for solar power across the United States but also a major economic catalyst for the region, promising to bring over 1,100 high-skilled job opportunities and a staggering capital investment of up to $900 million.
The initiative has garnered substantial support from both state and local entities, underscoring the project's significance to Michigan's economic and environmental landscape. In a bid to secure the necessary backing, Corning has sought a $68 million grant from the Critical Industry Program (CIP), alongside a 15-year exemption from the State Essential Services Assessment, valued at approximately $12.3 million. Further bolstering the project's foundation, Thomas Township has put forward a request for a $29 million grant from the Strategic Site Readiness Program (SSRP). This funding is earmarked for critical public infrastructure enhancements, road improvements, and other pivotal expenses, as detailed in a memorandum from the Michigan Economic Development Corp. (MEDC) dated February 27.
