Montgomery Economic Development Corporation | 200 Webster St. Montgomery IL 60538 | 630.897.6748

Your Partner in Prosperity

NEWSLETTER

January-February 2020

Greetings!

The Montgomery Economic Development Corporation, also known as the MEDC, works with the community, business owners & leaders of the community to promote and create a positive foundation for the Village of Montgomery. Our members, business partners and village leaders are committed to create an economically sound pro-business environment. We would like to take this opportunity to thank our members for their continued support and renewal of membership. As we begin the new year the support of our business partners help contribute to our efforts to make the Village of Montgomery and the business community the best it can be. If you have not joined the MEDC please be sure to give us a call or even better let's set up a meeting so we can find out what it is you may need. Be sure to get the most out of our newsletter and click underlined items to get links or additional information.

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What changes do you see for 2020?

Let us know your thoughts and expectations for the year ahead.

" If I were to look in my crystal ball, I see the housing market staying flat in 2020 and still facing strong challenges. I would definately have concerns for 2021. Road construction should be the same in 2020, but even better in 2021 with Illinois Capital Plan getting traction ($45 billion should go a long way) Commercial work should be a slight uptick better in 2020, with warehouses carrying the bulk of the load. " Kevin Bechely, Ozinga, Ready Mix . First National Bank has made a few changes including a redesign of their logo. Be sure to visit their website for some slight changes in their hours.

As I began to think about the new year and the first Newsletter of the year, I could not help but think ahead and wonder what the year ahead has in store for all of us. If you look at a National perspective, most people see very positive light ahead. On the "Illinois" side of things, there are mixed reviews. The MEDC started reaching out to their current members to find out what the new year brings to them? Are there concerns about another recession? Are things going to go gangbusters again? Let's hear what a few of our businesses have to say. Is change coming and if so, let us hear your thoughts. Old Second Bank provided an Economic Update: (click below) Wealth Economic Updates

click logo above for EEI website Some Leadership changes at Engineering Enterprises, Inc. Press Release P erformance Foodservice - Chicago was named the Illinois Restaurant Association Vendor of the year at the 2020 Annual meeting and luncheon on Tuesday, February 18, 2020, at the Mid-America Club in Chicago. Congratulations! Performance Food Group also completed the acquisition of Reinhart Foodservice. This enhances PFG's existing platform and market density. PFG Acquisition

Please Welcome our New Members

Carl Buddig We have been working with the Carl Buddig Family shortly after Butterball made their announcement of their departure. Butterball was extremely helpful finding us a replacement for their manufacturing facility in Montgomery. The addition of a family owned business that is well known for how they treat their employees was a huge win for Montgomery. Last year they were nominated for a very prestigious (CiCi) Community Impact award and won. The award was all about their impact to a community by adding investment and jobs. We are extremely proud to have them in Montgomery and as a member of the MEDC. The family owned business believes family is the heart of their business. Be sure to visit their website at www.buddig.com and check out their history and job openings. The average employee stays at Buddig over 12 to 17 years, with many even longer. That says a lot about who they are.

Pictured above is the Buddig Family taking some of the Village staff and the MEDC on a tour of the plant in Montgomery. What an enlightening experience.  (pictured above is the 4th generation of the Buddig family.) (back row) Roger Buddig, Karen Buddig Noble, Tim Buddig, Tom Buddig and (front row) Bob Buddig.

IBEW Local 461 T he proud members of IBEW Local Union 461 have been serving southern Kane and Kendall counties since 1913. They are known worldwide for producing the most professional, educated electricians in the industry. They have over 350 members covering the inside wire man, residential wire man & Voice/Data/Video Installer classifications.The members work all over the Fox Valley area and ensure your projects get done on time, on budget and with quality & safety. Would you like more information? Please be sure to call (630) 897-0461 or visit ibew461.org right now.

Member NEWS

RIP Dan Dolan Sr. I n the recent passing of Dan Dolan Sr., Our hearts go out to the entire Dolan family. His energy and kindness was an inspiration to us all. He was definitely an icon and a friend to so many. He was always a regular at our annual golf outing and he surely knew how to laugh and dance.

David R. Burroughs, P.E. retires from EEI After 26 years of working at Engineering Enterprises, Inc. (EEI) in the civil engineering and land surveying arena, David Burroughs, P.E. Senior Vice President, retired on January 31, 2020. Press release on David's retirement news. .

VOTE Sustainable Excellence: Oswego Community Unit School District 308 needs your vote. Vote YES on March 17 for Education (click underlined)

News you can use

Do you want to know a way you can save money on your taxes? You are going to want to see this! Click here

Montgomery Opportunities

900 Knell CenterPoint Historic Gray's Mill Price REDUCTION 1351 Aucutt Old Pizza Hut Site 625 Railroad 33 acres 111 South Lake Street

1851 Douglas 1991 US Route 30 Caterpillar site New Construction Rt 34 Retail out lots Rt 30  & 34 1460 SE River Montgomery Rail Center

Rt 31 & RT 30 Interchange 2000 Aucutt Road 1001 Aucutt 2001 Baseline Road 262 Acres

Be sure to submit any vacancies or upcoming vacancies you may have to our office. If you are looking for property in Montgomery, be sure to visit our website or call our office for the most updated information.

If you have a story to tell or want to share information on your thoughts for the year ahead, let us know.

The MEDC Board is a volunteer based Board that provides input and direction to the MEDC. We have a committed group of board members that represent a variety of business that have been a part of the organization since the MEDC was founded in 2003. The MEDC along with the business community leaders have helped create an environment that provides resources and opportunities for businesses to grow and flourish in our community. If you have an interest in joining the MEDC or want to be a part of this great organization, please feel free to reach out to a current board member or the Executive Director. Meet our MEDC Board of Directors

Learn more about The Montgomery Economic Development Corporation. Click here to learn more

Thank you for your support

The MEDC would like to thank all of our members and leaders of the community for continuing to support our organization. Funding the organization helps bring together all the pieces needed to provide a positive and growing economic base for Montgomery. Through new business relationships, expansions and communication the MEDC continues to address the ongoing needs of the development process and progress of the community. If you want to share something in our next newsletter be sure to let us know. Sincerely,

Charlene Coulombe-Fiore Charlene Coulombe-Fiore EDFP CEcD  Executive Director Montgomery Economic Development Corporation office: 630-897-6748 cell:  815-703-1338

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