Jim Reum outlines Bay Future's economic development initiatives at community presentation

In the heart of Bay City, under the warm glow of city hall lights, a pivotal discussion unfolded as Jim Reum, the president and CEO of Bay Future, presented an update on the organization’s efforts to drive economic growth in Bay County. With summer festivities in full swing, Reum emphasized the importance of community engagement and the role of Bay Future in enhancing the local economy.

Reum introduced his dedicated team, highlighting their commitment to fostering development in the region. He outlined Bay Future's mission: to increase the tax base, which in turn enhances municipal services for residents. This mission is supported by a strategic plan that was initially crafted in 2020, with a new plan currently in development to address ongoing challenges.

A key focus of the presentation was workforce development, which Reum described as essential for attracting and retaining businesses. He noted the success of the Going Pro Talent Fund, which has provided over $2.5 million in training funds to local companies since 2020. Partnerships with educational institutions like Delta College and Saginaw Valley State University are crucial in creating pathways from education to employment, ensuring that the local workforce is well-prepared for the demands of modern industries.

Reum also shared details about significant infrastructure projects aimed at making Bay County more attractive to investors. With over $4.8 million in grants secured since 2020, Bay Future is actively working to improve site readiness for potential businesses. One notable project involves a $4.1 million grant for sanitary sewer improvements in Monitor Township, which will not only support existing businesses but also attract new ones.

Highlighting specific success stories, Reum mentioned H.L. Mechatronics, a global company that chose to expand in Bay County despite competitive offers from other states. Their new project is expected to create high-paying jobs, with an average wage of $56.40 for new hires. Similarly, the revitalization of the Bay Valley resort, led by StoryCo, aims to restore the property and enhance Bay County's appeal as a tourist destination.

Reum concluded with a call to action for local municipalities to collaborate with Bay Future in developing strategic plans that address the region's economic challenges. He emphasized that waiting for large corporations to arrive is not a sustainable strategy; instead, a proactive approach is necessary to stimulate growth and recovery.

As the meeting wrapped up, the sense of optimism was palpable. Bay Future's initiatives reflect a commitment to not only revitalize the local economy but also to create a thriving community where residents can prosper. The future of Bay County, as outlined by Reum, is one of collaboration, innovation, and resilience.