General business news, trends and information.
The McHenry County Economic Development Corporation is pleased to announce that Jim McConoughey, has been named President. Chairman of the Board Mark Saladin, stated "we were fortunate to have Jim step in as our interim President over the past few months and are pleased that he has accepted our offer to continue his service as President."
The Board of Directors agreed that Jim's leadership experience coupled with his strategic thinking and proven ability to deliver results makes him the right person to help execute MCEDC's strategic priorities and to help build a positive environment for business growth in McHenry County. His extensive economic development career includes hands on experience with county wide organizations and as a CEO has helped dozens of communities be more effective at economic development. His skills include strategic planning, deal execution, fundraising, project planning and implementation, policy interpretation, community education, workforce development, and key other aspects of Economic Development organizations.
During his tenure as interim president, Jim has met with hundreds of local business & community leaders and is excited about the future of MCEDC and the collaborative and visionary thinking of McHenry County's leadership. Jim currently sits on the McHenry County Workforce Investment Board, as well as the Board of Visit McHenry County. Additionally, he has invested in several businesses that are related to agricultural economic development. Jim has an MBA and has taught Economic Development to a national audience and written extensively on contemporary practices for economic growth. His business acumen includes local and regional economic development projects, infrastructure development, regional planning scenarios, and experience with incubators, research facilities, industrial/commercial parks.
"There have been over 200 board members, hundreds of investors, several highly qualified presidents and talented staff-- that have built a foundation of success for economic growth in McHenry County. I am pleased to be appointed as the next President and take the responsibility for continuing that effort and expanding it. The future is exciting and I am confident that together we'll do great things for our community and for our children's future economic opportunities." -Jim McConoughey
MCEDC’s Solar Energy Forum with over 72 attendees heard presentations from MCEDC’s Solar Partners.
Call MCEDC if you are interested in learning more.
Left to Right: John Buffington, SOL America Scott Vogt, Com Ed Ben Adamich, Geronimo Energy Jon Carson, Trajectory Energy Partners Jim McConoughey, MCEDC Interim President
Solar Energy Forum Presentations
The Northwest Herald published an article on November 26, 2017 about MCEDC's longtime leader, Pam Cumpata.Link to the article "Longtime McHenry County Economic Development Corp. leader lifted area's profile" written by Brett Rowland
The work Pam Cumpata did to raise the profile of McHenry County, encourage workforce development and forge lasting partnerships won’t soon be forgotten, local leaders said.
Cumpata, 54, served as president of the nonprofit McHenry County Economic Development Corp. for eight years. During that time, she helped primary employers in many ways.
“As a business operating in five locations, four of which are outside McHenry County, we have interacted with many economic development teams, [and] none we have dealt with have been as proactive, professional and involved in building the business community as Pam,” said John Cain, CEO and board chairman of Scot Forge. “Her approach ranged from helping businesses expand, as she did for us four times, to getting literally thousands of McHenry County high school students to the International Manufacturing Technology Show in Chicago while connecting business and McHenry Community College with the concept so our local students could dream about how their careers could start and flourish right here at home.
The Annual Meeting of the McHenry County Economic Development Corporation Investors
will take place on:
Date: Tuesday, December 12, 2017
Time: 3:30 pm - meeting to be followed by networking
Location: MCEDC Offices - 620 Dakota St., Crystal Lake (Mental Health Building - park & enter in the rear - 2 story building)
McHenry County Economic Development Corporation (MCEDC) is accepting nominations for the 2017 Business Champion Awards. In its tenth 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 the 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 or service centers, professional services, corporate headquarters, distribution facilities and research and development to name a few.)
Business Champions are typically companies with strong vision, a solid long range business strategy, as well as best practices that make them stand out among others. They may be a corporate park neighbor, a supplier or customer that you find exceptional or you may be an employee who feels your employer provides a great work environment or goes the extra mile to help the employees. As a CEO or a member of the executive team of a company that is proud of recent expansion, acquisition, special project or growth, your self-nominations would also be welcomed. Nominations are being accepted for the 2017 Business Champion Awards until September 25, 2017
All nominees are introduced during the MCEDC Annual Dinner Tuesday, November 7, 2017 at the Holiday Inn in Crystal Lake. The 2017 Business Champions will be announced at the dinner and presented with their awards by our keynote speaker, Diane Hendricks, Chairman ABC Supply, an accomplished business leader with a wealth of experience as a business owner, an entrepreneur, an investor, visionary, developer, philanthropist and civic leader.
Nominations categories are based on the number of employees - small -24 or less, medium – 25 to 100, large - over 100, as well as a special category for those companies who have over 300 employees. Judges are business leaders from outside of the county.
Pam Cumpata, MCEDC President stated “MCEDC’s previous Business Champions - Heartland Cabinet Supply, Jessup Manufacturing, JA Frate Companies, Centegra Health System & Fabrik Molded Plastics in 2016; Cideas, Black Diamond Plumbing & Mechanical, Marix4, Home State Bank, Intren and Sage Products in 2015; Radicom, Tegel Design, Mac Automation, Metalmaster Roofmaster, Claussen Pickles and Charter DuraBar in 2014, Phoenix Woodworking, Advanced Flexible Composites, Watlow and Covidien in 2013; Chroma Corporation, All-Rite Spring, Impact Plastics in 2012; Other World Computing, Dordan Manufacturing, Joule Technologies in 2011; Scot Forge, Jan Air, Astro Craft in 2010; Medela, Millennium Electronics, Stan’s Office Technologies in 2009; Pioneer Center for Human Services, Prairie Ridge Media/McHenry County Living, & New Concepts Development Corporation/Other World Computing in 2008 are all exceptional primary employers and valuable corporate citizens. We look forward to adding to this prestigious list of McHenry County employers”.
For additional information about this event (participate or attend):
Carl D. Vallianatos, Ed.S.
McHenry County Economic Development Corporation, a private/public non-profit, is seeking a dynamic, results oriented individual to lead economic development in McHenry County, Illinois. This visionary leader must possess strong financial and political acumen, exceptional written and verbal communication skills and possess a proven track record of formulating and executing strategic plans, building consensus and growing the impact of an organization.
Key leadership activities of this role include, but are not limited to: overall budget and revenue generation responsibilities, active leadership on initiatives to expand the regional tax base, initiating and collaborating on programs that strengthen the quality and quantity of workforce and providing connections and insights that promote business development and retain existing businesses. This innovative leader will work in collaborative partnership with business and community leaders, governmental officials and numerous local and regional allies as the economic development representative for McHenry County.
Interested applicants must possess a Bachelor’s degree, preferred to be in business, economics, finance, real estate, urban regional planning or related field and have a minimum of five years of mid to senior level management experience. Strong leadership expertise and exceptional communication and people skills are required. Volunteer management/board experience and intimate knowledge of McHenry County and the State of Illinois are highly preferred. Advanced degrees - MBA and CEcD a plus.
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.