Archive for the ‘catalyst’ Category

Export-Grant Initiative Wins Illinois Economic Development Award

Monday, May 9th, 2016

A groundbreaking exports initiative with handfuls of success stories right here in Kane County has been recognized as one of the top economic development efforts of the past year.

The Illinois Chamber of Commerce, in conjunction with the Illinois Economic Development Association, named Metro Chicago Exports a winner of the eighth annual Economic Development in Illinois Awards — the Edies.

“We are proud to recognize five outstanding economic development projects that were completed in 2015,” said Todd Maisch, president and CEO of the Illinois Chamber. “Economic development is key to Illinois’ continued growth and recovery, and these companies are making a difference. The Edies honor those who imagine, design, invest, and build in Illinois, and by doing so bring jobs, growth and prosperity to our communities.”

In 2015, the Metro Chicago Exports Grant Program provided $225,000 in funding to 54 regional companies— including many in Kane County — to offset financial risks associated with exporting and investing in research, certifications and other services necessary to pursue opportunities in the global marketplace. This resulted in $10 million in new revenue to the region, eight new jobs, and 25 retained jobs.

The program used three strategies: fill the pipeline, strengthen the local network and reduce the costs of international trade growth.

Metro Chicago Exports is a collaboration between seven counties — Kane, Cook, DuPage, Kendall, Lake, McHenry and Will — and the city of Chicago, and its goal is to increase exports from small- and mid-sized enterprises and support regional job growth. It is a strategic economic development program and is part of the region’s broader business retention and expansion strategy.

Kane County is an active participant in the Metro Chicago Exports program. In fact, the county offers the additional incentive of matching any grant that a Kane County company wins in the program — a value of up to $10,000.

Applications for the 2016 Grant Program will be accepted through May 27, 2016. Details and eligibility requirements pertaining to the 2016 Metro Chicago Exports Grant Program are available at www.MetroChicagoExports.com.

If you have any questions about the Kane County program, please contact Chris Toth of Kane County Development and Community Services Department at tothchris@co.kane.il.us or 630-232-3491.

2015 KANE COUNTY GRANT AWARDEES

  • Riverbank Laboratories, Inc. — Geneva
  • Miner Elastomer Products Corporation — Geneva
  • SBS Steel Belt Systems USA — Gilberts
  • InFlight Entertainment Products — Carpentersville
  • AIR802 — Aurora
  • Radco Industries, Inc. — Batavia
  • Micro Products Company — Batavia
  • Brasel Products, Inc. — Batavia

Business Tax Savings: April 27

Thursday, April 21st, 2016