McHenry County EDC - McHenry County, IL - Strategically Located in the Center of the Business Triangle Between Chicago, Milwaukee & Rockford

2012 Officers and Board of Directors Elected!

MCEDC elected 2012 officers and members of the Board of Directors at today's Annual Meeting of Investors and  Board of Directors held at MCC Shah Corporate Center.

Outgoing Chairman of the board, Jim Thorpe commented "MCEDCC has been a consistent voice of business for 20th years.  Our mission is to support the creation of primary jobs by focusing on retention, expansion and attraction.  MCEDC affects positive change and economic growth, at this economically challenging time; we are pleased to have the direction of these outstanding leaders”.

Board members elected to their first term were Jamie Maravich, BMO Harris, David Hubbard, Exemplar Financial and Dave Johnson, Village of Huntley. Blake Hobson, Image Industries, was elected to his second term.

Serving as permanent members of the Board of Directors are MCC President Dr. Vicky Smith, Peter Austin, McHenry County Administrator, and Scott Breeden, McHenry County Board liaison.

The officers of the corporation for 2012 were also elected and are Chairman of the Board, Gary Overbay, Civiltech Engineering, Vice Chairman, Susan Milford, Centegra Health System,  Treasurer, Joe Foley, Corporate Disk and Secretary, Blake Hobson, Image Industries,

Recognized for their contribution and efforts on behalf of EDC were retiring Board Members Jim Thorpe, Crystal Lake Bank & Trust and former Chairman of the Board; Sue Dobbe, Dobbe Marketing & PR and former Secretary; Gary Bryan, Chroma Corporation; Dan Colby, Mercy Health System; and Jack Minero, Prudential First. 

McHenry County EDC President, Pam Cumpata, extended her appreciation and thanks to the outgoing Board of Directors who helped guide the corporation during a changing economy.  Cumpata  stated “As we prepare for 2012,  I look forward to the leadership and business acumen of our board of directors and officers as we work to build the economic wealth of our county.”

2011 MCEDC Annual Dinner

2011 MCEDC Annual Dinner - Celebrating 20 Years

The Keynote Speaker at MCEDC's 20th Anniversary Annual Dinner on November 3, 2011 was Douglas R. Oberhelman, Caterpillar Chairman & CEO. Over 500 people were in attendance to listen to Doug speak and to recognize and congratulate this year's Business Champion Nominees and Award Winners. More news: Northwest Herald article

Caterpillar Chairman and CEO Douglas R. Oberhelman receives an aerial image of Woodstock

Pictured L-R: RB Thompson, Woodstock Council member (left) gifts to Caterpillar Chairman & CEO Douglas R. Oberhelman an aerial image of Woodstock, Ill, taken by Pendergrast Photography. Pam Cumpata MCEDC president (right) also presented image.

Pictured L-R: Doug Oberhelman, Caterpillar, Larry O’Conor, Jr. Other World Computing, Aric Slavin, Dordan Manufacturing, Don Wallin, Joule Technologies, Sean Slavin, Dordan Manufacturing and Pam Cumpata, MCEDC

Congratulations to the 2011 Business Champion Award winners! Joule Technologies, Dordan Manufacturing and Other World Computing received their awards from Doug Oberhelman, CEO of Caterpillar, and MCEDC President Pam Cumpata.

Photography By Robin F. Pendergrast Photography, Inc. 

Link to more photos from MCEDC Annual Dinner, November 3, 2011 at Holiday Inn in Crystal Lake, IL

Illinois Advantage Program

LOOKING FOR FUNDING? MCEDC is partnering with the McHenry County College Small Business Development Center to introduce the new State of Illinois Advantage Illinois financing program.

McHenry County College Small Business Development Center with McHenry County Economic Development Corporation present:

Introduction to Advantage Illinois Program
Thursday, November 10, 2011
8:00 – 9:30 a. m.
MCC Shah Center

$78 Million Initiative to Support Small and Start-Up Businesses.

The number one challenge small businesses face in today's economy is gaining the funds they need to start or run their business. Governor Pat Quinn recently launched Advantage Illinois, the Department of Commerce and Economic Opportunity's enhanced portfolio of lending and venture capital programs, to help small businesses gain much-needed access to capital.

There has never been a better time to grow Illinois ideas or business! Attend this free seminar and learn about:

• Capital Access Program (CAP) assists businesses with various financing needs. It is designed to encourage financial institutions to make loans to small and new businesses that do not qualify under conventional lending policies.
• Participation Loan Program (PLP) supports businesses with projects that create or retain jobs and/or modernize their businesses to improve competitiveness. One component of the program is devoted to Minority/Women/Disabled/Veteran-Owned businesses (MWDV PLP). The state purchases and subordinates part of the loan to help mitigate lender risk.
• Collateral Support Program (CSP) establishes savings accounts or CDs that provide cash collateral support to lending institutions to enhance the equity and/or loan collateral levels of small business borrowers.
• Invest Illinois Venture Fund Program (IIVF) is a new venture capital program to support young, innovative companies in Illinois that show high growth potential, can demonstrate their place in the market and already have other investors. 

For more information or to register, please contact the Illinois Small Business Development Center at (815) 455-6098.

The Shah Center is located at 4100 W. Shamrock Lane, McHenry, IL. 60050.

Download pdf flyer

Join over 400 other business leaders at our Annual Dinner!

Reservations are coming in daily for our 20th Anniversary Celebration Annual Dinner on November 3rd, 2011.  The event, held at the Holiday Inn Crystal Lake, begins at 5PM with the best executive level networking opportunity in the county.  Dinner begins at 6PM and the program at 7PM.  The Business Champion nominees will all be presented and then our keynote speaker, Doug Oberhelman, CEO Caterpillar will take the stage. After his presentation, the 2011 Business Champion awards will be presented to three outstanding McHenry County businesses.   Register today!