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MCEDC Webmaster

Midwest SME Forum on April 11, 2017

Join GACC Midwest's networking event on April 11 at Harper College in Palatine, IL and learn from executives from mhub, BMW Technologies, Ipsen, Winzeler Gear and more about

• Universities & Startups: Driving Innovation Through Partnerships
• Forget Foosball Tables: Effective Ways to Recruit and Retain (Young) Talent
• Business Success on a Budget: International Marketing Strategies
• Successful Growth: Opportunities and Challenges of M&A

With almost 1,400 German businesses operating in the Midwest, the region represents an attractive business location, particular for transatlantic trade. Meet our network and prepare your SME for the future. Sign up here: http://bit.ly/2mIYFia

 

GACC Midwest SME Forum

MCEDC

Workforce Training Available at MCC Shah Catalyst - April-June 2017

The April-June 2017 CATALYST is available!

Schedule your workforce training NOW!

While you wait for it to hit your mailboxesyou can access it on our website

http://www.shahcenter.mchenry.edu/catalyst/catalyst.pdf

Online registration available for non-credit courses at:

www.mchenry.edu/mymcc

For more information:  815-455-8593   This email address is being protected from spambots. You need JavaScript enabled to view it.

McHenry County College Shah  Center

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MCEDC

ComEd 2016 Best in Class Reliability Performance Press Release

ComEd Achieves Industry Leading Reliability Results

ComEd’s improved reliability helps drive economic growth and achieve record customer satisfaction

 

CHICAGO (February 2, 2017) For the last five years, ComEd has updated and modernized its electrical grid to improve the reliability of its service to customers. The work has resulted in record setting performance that is also helping to power economic development and customer satisfaction.

In 2016, ComEd customers experienced a15 percent reduction in the frequency of outages compared to 2015. This was best among all utilities according to Electric Benchmarking. Since investments began in 2012, frequency of outages has been reduced by nearly 34 percent and the duration of outages has been reduced by 48 percent. Additionally ComEd’s customer’s satisfaction ratings are at an all-time high. Market Strategies International, a top market research firm, named ComEd Most Improved Electric Utility of 2016.

“Improving the reliability of our system for our customers has always been the fundamental goal of our smart grid work,” said Anne Pramaggiore, president and CEO of ComEd. “Constant, ongoing review of our system allowed us to strategically invest in areas that would benefit the greatest number of customers. Our record setting performance is the result of that work and demonstrates the commitment of our employees to provide our customers with best in class service.”

Advanced technology like smart switches that reroute power around potential problem areas, new storm hardening solutions and cable replacement have contributed to more than 7.6 million avoided customer interruptions since 2012 – resulting in $1.4 billion in societal savings. Additionally, more than 3 million ComEd customers experienced zero or only 1 outage last year.

“The smart grid investment has vastly improved the infrastructure of our system,” said Terence R. Donnelly, executive vice-president and chief operating officer for ComEd. “On a daily basis and during storms, our customers are seeing less interruption in their lives and their business operations.”

Strong power reliability and Illinois’ low power prices are key attributes why businesses continue to commit to building facilities in our northern Illinois service territory. This is evidenced in the collective 2016 results of ComEd’s economic development allies which supported the announcement of 39,234 jobs, 59 million square feet in facilities, and $6.7 billion in capital investment.

“ComEd’s continued infrastructure investment aimed at modernizing and bringing innovative digital equipment to the grid is an important component to Illinois’ economic growth efforts,” said Jim Schultz, CEO of Intersect Illinois, a privately funded economic development organization. “We are pleased to see utility industry record setting reliability performance which provides businesses the assurance that Illinois is the right place for their continued growth and investment.”

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Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider, with approximately 7.8 million customers. ComEd provides service to over 3.9 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter and YouTube.

 

Contact: ComEd Media Relations

312-394-3500

 

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MCEDC

Novation Industries Receives ISO/TS16949 Certification

MCEDC is pleased to share this release from Novation Industries, one of our valued Investor/members.

 

 

TS 16949 Press Release Final
                                      > Click to View Press Release

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MCEDC

Fabrik Industries Expansion

wagnerFabrik Industries, a 35 year old McHenry County company, has completed its expansion in the City of McHenry with the purchase of a second facility at Miller Parkway and is now operational.   On January 19, it hosted a celebration and tour of the new facility for representatives from the State of Illinois, City of McHenry, McHenry County Board, McHenry County Economic Development Corporation, McHenry School District 156, McHenry Fire Department, McHenry County College and those businesses who helped in the facilities transformation. 

Keith Wagner, President of Fabrik Industries stated “We are excited about the opportunities in manufacturing locally.  The community’s involvement in our growth has been humbling.  The company took 2016 to breathe new life into a vacant building updating and installing new lighting and paint, investing in new molding machines and training of new employees to meet the increased manufacturing demand.”

In 2015, Fabrik’s leadership identified the need to expand operations based on continued increase in their manufacturing business.   The company analyzed expansion opportunities both outside of Illinois and in Illinois specifically the City of McHenry.  As the company began researching expansion opportunities, the collaboration between the State of Illinois, the City of McHenry, the County of McHenry and the McHenry County Economic Development Corporation and other partners proved to make the difference in their decision process. 

President of McHenry County Economic Development Corporation, Pam Cumpata, commented “one of the pillars of economic development is retention because 80% of net new job growth comes from existing businesses.  The expansion of Fabrik Industries is an excellent example of why MCEDC works closely with our primary businesses, our county and municipal partners with the shared goal of retaining our business base.”  Pam stated “Mayor Low and the City of McHenry staff, specifically Doug Martin, Director of Economic Development, worked hand in hand with Fabrik and the MCEDC to make this expansion possible recognizing the significant economic impact it will have on the City of McHenry and the County. ”

“The amazing work the people at Fabrik Molded Plastics are doing every day is a perfect example of what we can achieve here in McHenry County, and we should be doing everything we can to help them grow,” McHenry County Board Chairman Jack D. Franks said. “Reducing the property tax burden employers’ bear and creating conditions that will make more job creators to want to set up shop here must be our primary focus as a board.”

A 3rd generation company full service custom injection molding manufacturer of thermoplastics, Fabrik is recognized globally with its components used in automotive lighting and switches as well as in medical, consumer, and electronic goods.   Recognizing the rapid pace that innovation and automation is occurring in manufacturing, Fabrik developed an internship program for high school and college students to ensure a workforce for the future.  They also participate in the Youth Manufacturing Program through the McHenry County Workforce Network. The goal of which is to expose individuals between the age of 18 to 24 to manufacturing through 6 week internships that could result in full employment.  One of the exceptional aspects of their program was that they rotate these individuals through their entire company so that when the student is offered a job, he or she understood expectations for full time employment.  In addition, this company has worked closely with McHenry County High Schools in the development of their industrial arts programs even providing assistance in development of curriculum.  

In a statement for the City of McHenry Mayor Sue Low, “The city of McHenry is honored that Fabrik chose to remain our corporate partner and expand their company in McHenry.  Fabrik not only provides employment opportunities for our residents, but also educational opportunities for students interested in manufacturing. They are a valuable community asset.”  

Among the many business leaders in attendance, McHenry County Board Member, District 4, and President of the McHenry Chamber of Commerce, Kay R. Bates said “Fabrik Molded Plastics is a recognized leader around the world in molded plastics, a field that demands constant innovation and highly skilled employees. We really appreciate Keith Wagner and the Fabrik team welcoming us to learn about the challenges they face and how we can help them continue to thrive in the highly competitive global business environment.”

At the celebration, Pam Cumpata stated “The success of Fabrik Industries brought about through their own dedicated leadership, employee hard work, and the successful and unpresented collaboration of many partners is a true example that ‘economic development’ is a team sport.”   

For more information, contact Pam Cumpata, President, McHenry County Economic Development Corporation

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