General business news, trends and information.
MCEDC held its Spring Muni Roundtable last week for local municipal economic development managers. The guest speaker was Tom Hulseman, Executive Director of Chicago Metro Exports. (Metro Chicago Exports is an unprecedented collaboration between the seven counties in Northeastern Illinois - Cook, DuPage, Kane, Kendall, Lake, McHenry and Will) and the City of Chicago.)
The goal of this program is to increase exports from small and medium-sized companies which will ultimately support regional job growth. And while exporting often evokes images of mind-boggling paper work, complex logistics and a host of new costs and headaches, Metro Chicago Exports and MCEDC can help take those first steps into exporting.
Right now, Metro Chicago Exports is offering grants up to $5,000 to small and medium sized companies to help implement an export plan.
Grant funds can be used to cover a myriad of exporting costs including: interpreter services in foreign markets, participation in group and individual trade missions and related costs and fees, professional customer “matchmaking “ services, participation in U.S. Dept. of Commerce certified trade shows and related costs and fees, international certifications, legal fees associated with intellectual property protection, trademark protection and registration, international credit reports, letter of credit fees, web presence/e-commerce, professional translation of marketing collateral and websites, development of international product marketing campaign, economy class international airfare for one individual including related taxes and fees and more.
The grant application is a no brainer, and MCEDC will help complete the short 2 page application. The grant application deadline is May 26, 2017.
MCEDC 25th Anniversary Dinner - October 12, 2016
McHenry County, IL – McHenry County Economic Development (MCEDC) announced the 2016 Business Champion Award winners at the MCEDC 25 th Anniversary Dinner on October 12, 2016. Over 450 business leaders attended the event with keynote speaker, Kevin Lobo, CEO of Stryker Corporation. The McHenry County Community Foundation (MCCF) presented their first Philanthropist of the Year award to Don and Chris Schellhaass for their dedication to making a difference. They represent the spirt of philanthropy and have given of their time, expertise and experience to many organizations. The evening culminated with the presentation of the 2016 Business Champion Awards.
Pictured L-R: Keith Wagner, Fabric Molded Plastics – Gary Reece, Heartland Cabinet Supply – Robert Jessup, Jessup Manufacturing – Jill Dinsmore, JA Frate Companies – Michael Eesley, Centegra.
For the past nine years, MCEDC has recognized outstanding companies who have positively contributed to McHenry County’s economy and who have exhibited business acumen and vision. Judging is conducted by a panel of independent and unbiased business leaders residing outside of McHenry County. Pam Cumpata, President of MCEDC commented “McHenry County is fortunate to have so many exceptional companies who not only have outstanding business expertise, but also give back to our community in so many ways.”
In the category of fewer than 24 employees, Heartland Cabinet Supply of Crystal Lake received the award. Like many others, they faced the many challenges of the economic downturn of 2009 but they faced those challenges by investing in new equipment and in employee training and learning opportunities. They also shifted their customer base focusing more on commercial clients, such as banks, schools and libraries with a product line includes custom cabinets, plastic laminates, solid surface fabrication and architectural millwork. Their residential side of their business offers custom cabinets and countertops. With their 200% growth over the last few years and increased profitability, they are an outstanding business deserving of recognition. Gary Reece, owner accepted the award.
LAST CALL! We have a few remaining seats for the Premier Executive Networking Event of the year – the MCEDC Annual Dinner, October 12th, 2016 from 5 to 8:30 pm, at the Holiday Inn in Crystal Lake.
Please join us as we celebrate our 25th anniversary, hear from our keynote speaker, Kevin Lobo, CEO & Chairman of Stryker Corporation and recognize the 2016 Business Champions.
To register, click here or call Jean at 815.893.0895.
Deadline October 1, 2016
McHenry County Economic Development Corporation (MCEDC) is proud to announce the nominees for its 2016 Business Champions. In its ninth year, MCEDC recognizes outstanding companies who have made a positive impact on McHenry County’s economy and who are exceptional primary employers. (A primary employer is defined as one creating a product or service that is principally sold outside of a region, thereby generating new money and profits into the region.) Examples include manufacturing, back-office operations, service center, professional services, corporate headquarters distribution facilities and research and development entities to name a few.)
The nominees for the 2016 Business champion exhibit the qualities that make a business champion – strong vision, a solid long range business strategy, as well as best practices that make them stand out among others. Nominations categories are based on the number of employees, small 24 or less, medium 25 to 100, large over 100 and over 300 employees. Judges are business leaders from outside of the county.
The 2016 nominees are:
Division I – Small – less than 24 employees - Crystal Lake Brewery, Crystal Lake; DeMarco Industrial Vacuums, Crystal Lake; Heartland Cabinet, Crystal Lake; Rock Solid Builders, Inc., McHenry; Vo-Tech, Crystal Lake
Division II – Medium – 25 to 100 employees - Burnex Corporation, Ringwood; Chas. Herdrich & Sons, McHenry; Jensen’s Plumbing & Heating, Woodstock; Jessup Manufacturing, McHenry Miller Formless, McHenry; Rita Corp, Crystal Lake; Serv-All Die & Tool Company, Crystal Lake Studio 2016/Dougherty Enterprises, Woodstock
Registration for the MCEDC Anniversary dinner on October 12th is open!
For easy registration, just click here.
View the Expo Participant Letter or Parent/Student Letter to learn more
Click to view the Parent/Student LetterClick to view the Expo Participant Letter
McHenry County Economic Development Corporation (MCEDC) with our partners at DMDI (Digital Manufacturing Design Innovation Institute) and NIU EIGERlab Innovation Network is hosting an informational innovation roundtable on Wednesday, August 24, 2016 from 7:30-9 am at our offices at 620 Dakota St., Crystal Lake.
Small or mid-sized manufacturers or manufacturing service suppliers will be able to learn more about DMDII; how to create an innovation culture and build an innovation footprint; identify regional mentors, partners and resources through the NIU EIGERlab Innovation Network; hear testimonials and updates on tools, software and expertise available from DMDII.
(DMDII is a federally-funded research and development organization of UI LABS, it encourages factories across America to deploy digital manufacturing and design technologies so those factories can become more efficient and cost competitive.)
Learn more about the Innovation Culture, Best Practices and DMDII.
As part of our 25th Anniversary year, MCEDC recognizes our many Road Warriors and Better Roads Coalition volunteers who successfully advocated for transportation funding for McHenry County. The attached slide shows highlights the march down Rt. 31, the demonstration, the trip to Springfield providing ‘road kill’ lunches and meetings with legislators.
Pam Cumpata, MCEDC President (left). Bill Strauss, Senior Economist and Economic Advisor Federal Reserve Bank of Chicago (right).
The first of the 2016 MCEDC Enhancing Excellence Breakfast Speaker Series, featured a Midwest Economic Update by William A. Strauss, CBE a Senior Economist and Economic Advisor of the Federal Reserve Bank of Chicago. The well attended event resulted with many attendees requesting access to the presentation. MCEDC is pleased to provide it, please click a link below to download.
The third meeting of McHenry County Makers Movement was held on March 7th. Over 20 entrepreneurs, mentors and potential investors heard from Stan Lynall of the Central Illinois Angels about how they created an angel investment organization.
We are working our way through the process to determine the type of 'makers' entity we wish to become and the steps necessary for its creation. If you are interested in learning more and to be kept informed of future planning meetings, please call or email our office.
With the outstanding response to the first two sessions, the McHenry County Economic Development Foundation has invited Stan Lynall, CPA to speak at the third ‘MeetUp’ session for Entrepreneurs, Business Mentors and Potential Investors. Mr. Lynall is one of the founders and architects of the Central Illinois Angels (CIA). Central Illinois Angels is a nonprofit membership-based angel investment organization composed of business leaders and professionals in Central Illinois. Over the last seven years, the CIA has invested over $8 million dollars in early stage opportunities. Mr. Lynall will discuss how forming the investment group has led to growth in local business opportunities due to the CIA’s investments in a variety of technological advancements developed by entrepreneurs in the area. He will also be discussing how resources such as the Peoria Nest co-working space and the Bradley University Peoria Next Innovation Center further foster the growth of new technological opportunities in Central Illinois. Al Van Maren, a local McHenry County entrepreneur who visited Peoria, remarked “learning from our friends in Peoria will help us here to better devise a plan and organize what would serve the people of McHenry county best.”
Pam Cumpata, President of McHenry County Economic Development Foundation, encourages “anyone who is interested in being a part of a Maker’s Movement right here in McHenry County should plan to join us on March 7th. We are looking for innovators, entrepreneurs, investors as well as mentors in all areas who are interested in helping grow the opportunities available here in McHenry County.”
Please join us on:
Date: Monday, March 7, 2016 Time: 4:30 to 5:00 pm Networking 5:00 to 6:00 pm Stan Lynall Presentation
Location: McHenry County Economic Development Foundation 620 Dakota Street – Mental Health Bld (2 story building in rear ) Crystal Lake, IL
July 16th, OPEN HOUSE...McHenry, Winnebago and Boone Counties are collaborating on a new comprehensive economic development strategy that takes a regional view to pursuing growth, creating jobs and strengthening our local economy.
Local residents, business owners, community leaders and other interested stakeholders are encouraged to attend this community planning event.
• July 16th from 5:00-7:00 p.m. at McHenry County Government Center, 667 Ware Rd, Woodstock, IL
• July 22th from 5:00-7:00 p.m. at Belvidere City Council Chambers, 401 Whitney Blvd, Belvidere IL
• July 23th from 5:00-7:00 p.m. at RMAP Regional Design Center, 315 N. Main St, Rockford, IL
As of Monday, April 13th, 2015 our new offices will be located at 620 Dakota Street, Crystal Lake, IL (Second floor of the Mental Health Building).
Telephone and emails will stay the same.
The MCEDC Transportation & Infrastructure and Legislative & Government Affairs Committees will be meeting on Friday, April 24th at 8:30 am at our new MCEDC offices at 620 Dakota St. (the 2 story Mental Health Building).
Transportation Committee Chairs Charles Eldredge (Harvard EDC) and Gary Overbay (Civiltech Engineering) and Legislative Committee Chairs Tom Zanck (Zanck, Coen, Wright & Saladin, PC) and Conor Brown (Heartland Realtor Organization) will guide the combined committees as they finalize the Transportation and LegislativeAdvocacy Priorities for 2015. After approval by the MCEDC Board of Directors at their May meeting, the Priorities will posted onthe MCEDC website – www.mchenrycountyedc.com.
Want to know more about MCEDC activities? Go to our website, navigate to the library item CONNECT and the drop down will show several blogs. To register, click on the envelope next to any blog item, "subscribe" to on the top right portion of the window. You will receive an alert when a blog is added to the site.
MCEDC will be hosting our Spring Municipal Roundtable on Tuesday, March 31st, 2015 from 11 am to 1:30 pm.
The agenda includes guest speaker, Tom Hulseman, Managing Director of Metro Chicago Exports (MCE), who will provide an update and how MCE might impact companies in their community.
President Pam Cumpata will give details on one of our exciting initiatives, now underway, the Comprehensive Economic Development Strategy (CEDS). She will also share the progress of one of our other projects - the CMMC (Chicago Metro Metal Consortium).
Attendees will receive 2013 IMPLAN data for their municipality (IMPLAN is a subscription based economic impact modeling system which we provide to our partners) as well as other demographic information.
The meeting will be held at our new offices located at 620 Dakota St., Crystal Lake.
The Board of Directors is pleased to welcome Hadley Streng, Vice President Strategy and Development at Centegra Health System to our Board of Directors. Elected at the March 3rd, 2015 Board meeting, Chairman Saladin stated that "as we continue to execute on our mission of creating a positive environment for business growth, Hadley will certainly be an asset. Her input on our Strategic Plan will be very valuable and she will provide additional perspective and depth to our Board".
Congratulations to MCEDC Board of Director Peter Austin on being awarded the American Society of Public Administration Donald C. Stone Practitioner Award.
According to the Association, this award recognizes people who have made major contributions toward relationships between various government bodies and between government bodies and non-government agencies such as non-profits and community groups. Click here for the full Northwest Herald Article.