Created on Tuesday, 19 November 2013 12:28
The McHenry County Economic Development Corporation held its Annual Meeting of Investors and Annual Board of Directors Meeting on November 19th, 2013.
“McHenry County EDC has been a consistent voice for business for the over 22 years. Our mission is to support the creation of primary jobs by focusing on retention, expansion and attraction” said Chairman of the Board Gary Overbay, as he reviewed activities for 2013.
Two new Board of Directors were elected to the board – Hank Holly, Director of Operations - Aptargroup and Dean Breuer, External Affairs Manager - ComEd. Other Board of Directors also elected and who will be serving from 2014 to 2016 are Brad Heldt - Home State Bank, Dave Johnson – Village of Huntley, Mark Steadman - Stan’s Office Technologies. Elected to serve a second term are Susan Milford – Centegra Health System and John Rung – Shaw Media.
Chairman Overbay continued “MCEDC affects positive change and economic growth; strategic leadership is vital as we move ahead with our 2014 – 2017 Strategic Plan and we are pleased to have the professional acumen of these outstanding leaders”.
The officers of the corporation for 2014 - 2016 were also elected and are Chairman of the Board Susan Milford, Centegra Health System - Vice Chairman James Maravich, BMO Harris – Treasurer David Hubbard, Exemplar Financial and Secretary Mark Saladin, Zanck, Coen Wright & Saladin, PC.
Recognized for their contributions and efforts on behalf of McHenry County EDC was retiring Board Members Joe Foley, Corporate Disk and Gary Overbay, Civiltech Engineering.
McHenry County EDC President, Pam Cumpata, extended her appreciation and thanks to the Board and to all of the investor/members of the organization who have supported our efforts financially, but also contributed over 556 hours of their time to help grow the economy. She reported further that “throughout the year, we have been able to provide customized support to over 700 businesses, municipalities, residents and government entities. We have raised the visibility of McHenry County regionally, nationally and internationally. Our resource capabilities have been broadened with the addition of demographic statistical reporting and economic modeling software enabling us to create over 400 requested individualized reports. Through our business advocacy and customized support, we increased our assistance 56% over 2012 and our support impacted 21,700 employees equaling 30% of the total primary employment in McHenry County. Other highlights include the 6th Annual Business Champions recognition, the Manufacturing Matchmaking event where we facilitated over 600 one to one business appointments to increase supply chain opportunities and began initial work on creating a Comprehensive Economic Development Strategy (CEDS) for McHenry County. We continued to work steadily on infrastructure including the ongoing fiber optic broadband project, and are proud of our contribution to the creation of the full interchange at IL 47 and I 90 in Huntley.
Cumpata commented further “2013 was very successful and with the leadership, guidance and support of our Board of Directors and investor/members, and our collaborative partners. We look forward to 2014 as we continue to advance business and help build the economic wealth of McHenry County.”
Created on Wednesday, 13 November 2013 12:45
Harry Kraemer, Board member of Sage Products, Executive Partner of Madison Dearborn, Clinical Professor of Mgmt and Strategy, Kellogg School of Management and former Chairman and CEO of Baxter International, was the keynote speaker at the November 5th, 2013 MCEDC Annual Dinner. View his speech by clicking the video player above.
Please contact MCEDC for a copy of the video at 815.893.0895.
Created on Thursday, 07 November 2013 11:32
McHenry County Economic Development (MCEDC) announced the 2013 Business Champion Award winners at the MCEDC Annual Dinner on November 5, 2013. Over 400 business leaders attended the event which culminates with the Business Champion Award presentations
Pictured L-R: Bill Lewis, Advanced Flexible Composites, Lake in the Hills, Sandra Pierce, Phoenix Woodworking, Woodstock, Karl Schult, Covidien, Crystal Lake, and Nathan Frost, Watlow, Richmond.
For the past six 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 9 independent and unbiased business leaders residing outside of McHenry County. Pam Cumpata, President of MCEDC commented “ McHenry County is fortunate to have so many outstanding companies. There were 15 business champion finalists.” The 2013 Business Champions were presented their awards by Harry Kraemer, (Board Member of Sage Products, LLC, Executive Partner, Madison Dearborn Partners, Clinical Professor of Management and Strategy, Kellogg School of Management, Former Chairman and CEO of Baxter International) keynote speaker at the Annual Dinner and by Gary Overbay, MCEDC Chairman of the Board.
Phoenix Woodworking, Huntley was selected in Category 1 (less than 25 employees). Faced the many challenges of the recent recession, this company worked hard to keep everyone employed by reducing hours and using downtime to provide training and build on certifications. Sandra Pierce, President, accepted the award. Cumpata noted that Sandra not only has an outstanding company, but she is active leader in many organizations and a long time investor/member in MCEDC.
In the mid-size company category of 25 to 100 employees, Advanced Flexible Components, Lake in the Hills, is the 2013 Business Champion. This company is a family owned business who really believes in family. They have been in business in McHenry County for over 25 years, have had double digit growth and grown their businesses into a multi-site facility. Cumpata noted that not only were they a family owned company, but they believe in hiring family members – brothers, sisters, husband/wife, etc. and have found it to provide a stable work environment. Bill Lewis, President accepted the award with Vice President Dale Lewis cheering him on.
Watlow of Richmond is the winner in the category 100 to 299 employees. This company was nominated by an employee who began as a temp employee in 1993 and who wanted to recognize the tremendous employee support and training this company provides. Cumpata commented that this company has a culture that recognizes the employees as team members and provides them with on-site education opportunities to help them develop and grow professionally. They have been a strong partner with MCEDC in its effort to help inspire young people to go into manufacturing as a career. Nathan Frost, Director of Operations accepted the award on behalf of the entire team.
In the category of over 300 employees, the judges had quite a challenge since all of the nominees were exceptional companies who bring value to McHenry County. Karl Schult, Engineering Manager accepted the award for Covidien of Crystal Lake. This company has invested over $17 million in capital over the last four years, developed an initiative which prevented over 6 million pounds of scrap from entering landfills, relocated a subsidiary from Texas to Crystal Lake, increased employment by approximately 100 jobs and developed a new intern program with a local high school. Pam Cumpata commented that Covidien is another strong partner in helping to encourage young people on the value of STEM (Science, Technology, Engineering and Math) education.
McHenry County Economic Development Corporation congratulates all of our finalists: Effective Product Solutions - Lake in the Hills, Radicom - McHenry, Tegel Design - Huntley, Camfil - Crystal Lake, Eisenmann - Crystal Lake, Haiges Machinery - Huntley, Kold Ban International Ltd - Lake in the Hills, Curran Group, Crystal Lake, H.S. Crocker – Huntley, Aptar Group-Crystal Lake, Knaack LLC – Crystal Lake and our 2013 Business Champions - Phoenix Woodworking, Advanced Flexible Composites, Watlow and Covidien.
Created on Friday, 06 September 2013 04:32
The Obama Administration today launched Business.USA.gov/healthcare, a one-stop-shop which will provide employers of all sizes educational materials on how the Affordable Care Act may affect businesses and help them compete. The site includes a wizard tool that is tailored based on size and location, so businesses can learn how the law helps them provide affordable coverage options to their employees while still meeting their bottom line. The site will act as a user-friendly hub that connects employers to informational content on tax credits and other provisions of the law from the Small Business Administration, the Department of Health and Human Services (HHS), and the Treasury Department. As part of the Administration's ongoing dialogue with leaders of our nation's top businesses, this latest tool will help ensure that employers of all sizes know what the Affordable Care Act means for them, and have the information they need to take advantage of the new benefits and opportunities under the law. The Administration will work with the employer community to ensure the site continues to be a helpful resource for businesses and their employees, including updating the site with additional, timely information. Many parts of the Affordable Care Act, which was signed into law in March, 2010, are already in effect, including new consumer protections, and improvements to health care coverage that ensure consumers get more value for their premium dollars. Additional benefits will take effect in late 2013 and beyond. Starting October 1, 2013, individuals, including those who are self-employed, and small businesses looking for a better plan, will have a new way to shop for private health insurance through the Health Insurance Marketplace and the Small Business Health Options Program (SHOP) found at HealthCare.gov. Individuals may be eligible for lower costs on their monthly premiums and self-employed individuals and small businesses may be eligible for tax credits to help with the costs of coverage. To learn more, please visit Business.USA.gov/healthcare.
Created on Wednesday, 31 July 2013 15:11
MCEDC is pleased to invite you to our Annual EDC Legislative Event on Friday, August 23rd, 2013. With the recent redistricting, McHenry County is now represented in Springfield by three State Senators and five State Representatives.
This is a great opportunity to meet with them and to learn about their new districts, committee responsibilities and bills they have sponsored.
Registration and Continental Breakfast is 7:30 - 8 AM and the legislators will begin at 8 AM. There will be an opportunity for Q & A from 9 to 9:30 AM.
Thanks to our event sponsors:
For the second year, we are pleased to hold the event at The Raue Center for the Arts
28 Williams Street in Downtown Crystal Lake.
State Senator Pamela Althoff
State Senator Dan Duffy
State Senator Karen McConnaughay
State Representative Jack Franks
State Representative Mike Tryon
State Representative David McSweeney
State Representative Barb Wheeler
State Representative Tim Schmitz
Reservations are required. Just click here for online reservations
Created on Wednesday, 31 July 2013 14:40
McHenry County Economic Development Corporation (MCEDC) is accepting nominations for the 2013 Business Champion Awards. In its sixth 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, corporate headquarters, distribution facilities and research and development to name a few.)
Nominations categories are based on the number of employees - small -24 or less, medium – 25 to 100, and large - over 100. Judges are business leaders from outside of the county. All nominees are introduced during the MCEDC Annual Dinner Tuesday, November 5th, 2013 at the Holiday Inn in Crystal Lake, with the three 2013 Business Champions announced and presented at that time.
Pam Cumpata, MCEDC President stated “MCEDC’s previous Business Champions - 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”.
The deadline for submitting Business Champion nominations is September 15, 2013. Nomination forms and additional information is available on the MCEDC website home page – www.mchenrycountyedc.com or by contacting the MCEDC office at 815.893-0895.
Created on Wednesday, 31 July 2013 08:52
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.4% in June, to a seasonally adjusted level of 96.0 (2007 = 100). Revised data show the index was down 0.5% in May.
Read more Download this article: Chicago Fed Midwest Manufacturing Index
Created on Monday, 10 June 2013 15:24
At AT&T, we know that diversity and inclusion are essential components of a successful business strategy. Our company is a leader in Supplier Diversity, and we believe that creating opportunities for diverse businesses is a key to our success.
For more than four decades, we’ve been a leader in developing relationships with Minority Business Enterprises, Women Business Enterprises and Service Disabled Veteran Business Enterprises to compete for corporate contracts and succeed in every sector of our business.
Maximum opportunity is given to minority, women and disabled veteran- owned business enterprises to participate as suppliers of materials and services to AT&T. To facilitate access to opportunities here in Illinois, AT&T is hosting a Global Supplier Diversity Matchmaker on Wednesday, June 19, 2013 in Hoffman Estates.
AT&T is working with minority, women and service disabled business owner organizations to help us share information with Illinois suppliers about this exciting opportunity.
Click HERE for more information.