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Champaign Among Fastest-Growing Cities in Illinois

San Francisco, CA (April 8, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the fastest-growing cities in Illinois – and Champaign ranked third.

A hub of central Illinois, Champaign is home to the University of Illinois flagship campus and saw median incomes in town grow by 32.2% between 2009 and 2012. Tech companies are expanding in Champaign, including new jobs added at Intel and an expansion of the Yahoo! offices at The Research Park at the University of Illinois Urbana-Champaign. The Research Park is also supporting job and income growth in Champaign through its startup incubator Enterprise Works, which supports science and technology startups with lab and office space, entrepreneurship classes and the resources of the university community. The city’s population also grew by 4% between 2009 and 2012, laying claim to almost 70,000 residents.

To find the fastest growing cities in Illinois, NerdWallet evaluated 119 cities, towns and census-designated places and examined the following variables:

·       Population growth
·       Employment growth
·       Income growth

“Champaign’s strong population and income growth helped support the city’s ranking on our list,” NerdWallet analyst Maggie Clark said. “The population in Champaign increased by 4.0% between 2009 and 2012, while the median income increased by a whopping 32.2% during that same period.”

Other places in the top 20 include Chicago Heights and Normal. See the full study here.

Champaign County EDC Announces Rost as New Executive Director

The Champaign County Economic Development Corporation is pleased to announce Craig Rost as the new Executive Director. Rost was chosen as the top candidate after a search and evaluation that included EDC Board members and community leaders. Rost’s first day of work is set for Thursday, May 1, 2014.

Rost has been dedicated to expanding the local economy for more than two decades. An experienced economic developer, he has been an integral part of many development projects and company expansions. In his previous role as Deputy City Manager for the City of Champaign, he has worked with local leaders, elected officials, and businesses to add economic value and create jobs in Champaign County. With a degree in Urban Planning and concentration in economic development from the University of Illinois at Urbana-Champaign, he is uniquely equipped to lead the organization and drive the Strategic Plan forward. “This is an excellent opportunity,” said Rost. “Leading the EDC to create jobs and advance the region’s economy fits perfectly with my economic development experience and passion for continuous improvement. I look forward to working with the professional staff and EDC Board to advance the Strategic Plan and enhance the profile of the EDC in the county.”

In addition to leading the implementation of the Strategic Plan and managing day-to-day operations, Rost will actively participate in promoting Champaign County for attraction, retention, and expansion efforts. “All of the pieces are here – we have great employers, location advantages, a world-class university, and the drive to improve and grow. The EDC is in a unique position to advance that growth and I am excited to work with our business and community leaders to make that happen,” Rost said.

“Craig Rost intimately understands the significant impact that the EDC has on the retention, attraction, and growth of businesses in our county,” stated Lori Gold Patterson, EDC Chair. “The staff is very strong and the Board is aligned and driven to support the execution of our new Strategic Plan. Craig is an exceptional addition to the organization and will, without a doubt, be the catalyst to pull all of the energies together.”

“It is both thrilling and humbling to be selected by the EDC Board as the Executive Director,” stated Rost. “The EDC is crucial to the expansion of the county’s economy and I really look forward to leading that effort.”

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Contact:
Carly McCrory, Communications Director
Champaign County Economic Development Corporation
(217) 359-6261
carly@champaigncountyedc.org

2014 Innovation Celebration Winners Announced

Innovation Celebration Logo

Over 250 people gathered at the National Center for Supercomputer Applications for the Ninth Annual Innovation Celebration on the evening of February 27th to recognize those individuals and organizations that have made significant contributions, taken risks, and provided leadership to ensure the continuing economic success of Champaign County, the ongoing success of the University’s economic development mission, and the growth of entrepreneurial talent and energy in the community.

Innovation Celebration is not merely an award for accomplishment, but a benchmark of success for those outstanding individuals, organizations and corporations who are nominated and selected to receive this prestigious award. Additionally, Innovation Celebration serves as a tangible collaboration between the University of Illinois, Parkland College and the community.

The winners were chosen out of more than 125 nominations.

Award Winners

Innovation Transfer Award – University of Illinois
Dr. Stephen Boppart

Innovation in Engagement Award – Parkland College
Kerris Lee

Entrepreneurial Excellence: Social Venture Award
Dr. Fouad Abd-El-Khalick & the EnLIST Team – University of Illinois

Entrepreneurial Excellence: Student Startup Award
Servabo

Entrepreneurial Excellence: New Venture Award
Electroninks

Entrepreneurial Excellence: Advocacy Award
Dennis Beard – Serra Ventures

Innovation: Economic Development Impact Award
Carlos Nieto – Nieto Enterprises

Entrepreneurial Excellence: Management Award
Dan Cermak – Volition

Innovation: Longevity Award
Prominic.NET

The EDC was pleased to work with the following sponsors of Innovation Celebration 2014: the University of Illinois’ Technology Entrepreneur Center, Research Park, Office of Corporate Relations, and Office of Technology Management, along with NCSA, Parkland College, Singleton Law Firm, Serra Ventures, Hanson Financial, Ramshaw Real Estate, Pixo, Pavlov Media, Meyer Capel, Busey, Carle, Martin Hood Friese & Associates, IllinoisVENTURES, Fox Atkins Development, the Illinois Small Business Development Center at Champaign County EDC, and the Champaign-Urbana Mass Transit District.

A special thanks to 40 North for producing the videos.

Press:

Innovation Celebration winners to be announced Thursday night, The Daily Illini

Innovation Celebration winners announced, The News-Gazette

Storify (#INNCEL14 tweets & posts)

Prominic.NET Wins Innovation Celebration’s Innovation: Longevity Award, Prominic.NET

General Manager Dan Cermak Wins the CCEDC 2014 Entrepreneurial Excellence: Management Award, Volition

2014 Innovation Celebration Awards Ceremony [VIDEO]

2014 Innovation Celebration Photos

 

Montague Earns Accredited Business Planning Advisor (ABPA) Designation

Master ABPA Logo

The Illinois Small Business Development Center (SBDC) at Champaign County EDC is pleased to announce that Tim Montague, Technology, Innovation and Entrepreneurship Specialist, has successfully attained the professional Accredited Business Planning Advisor designation (ABPA). Montague attended the Accredited – Certified Business Planning Advisor training in Orlando in late 2013, and passed the required comprehensive credential exam.

This advanced training program is offered nationally by The Apogee Center for business consultants, financial advisors and economic development professionals. Montague was part of the fifth national class of professional advisors trained by The Apogee Center to assist rural and at-risk urban business owners and their communities with the coming wave of business owner retirements.

Apogee President, Odee Ingersoll said, “We are thrilled to have Tim as part of our latest graduating class of professional advisors. Tim’s participation demonstrates his long-term commitment to business owners and economic development in Champaign-Urbana and the surrounding region.”

Nationally, up to 70% of existing business owners are expected to leave their business over the next 10 years or less; as many as 52% by 2017. ABPA and CBPA advisors provide comprehensive exit and succession planning services to small business owners who have been unable to afford these advanced services until now, in an effort to support communities and their economies. The ABPA-CBPA program is the only nationwide program of its kind to direct services to the small business owner and to the community they do business in.

Montague says “The program’s goal is not only to ensure the owner has the greatest number of opportunities to successfully sell or leave their business at maximum value, it also introduces the concept of NxGen Entrepreneurship© – using the purchase of an existing business as an alternative path to entrepreneurship for many would-be business owners. Developing a local buyer or successor keeps the existing businesses in place, contributing to their communities. It also provides an opportunity for new local wealth creation. This is an opportunity that many prospective entrepreneurs would never have had available outside of this program of service.”

In addition to his ability to provide professional exit and succession planning services, Montague will soon be able to provide businesses and communities with access to a new nationwide business creation, economic development and skills marketing platform called MyBizFind. The nationwide program will launch in the spring of 2014. It is designed to connect entrepreneurs, business owners, investors, people with marketable skills, service providers, buyers, sellers, communities and more – and allow users to search for and find business opportunities and assistance.

Montague is one of over 100 professionals from over 20 U.S. states and provinces including the Virgin Islands and Puerto Rico to train to assist business owners with increasing their business value and preparing for a successful exit or family succession event.

The ABPA and CBPA training program is available nationwide to professionals from Small Business Development Centers (SBDC) and to financial consultants including CPA’s, Financial Planners and Attorneys. It’s also available to college or university entrepreneurship programs, community staff, utility representatives and economic development professionals.

Contact:
Carly McCrory, Communications Director
Champaign County Economic Development Corporation
(217) 359-6261
carly@champaigncountyedc.org

Cravens Earns Certified Global Business Professional (CGBP) Certification

NASBITE CGBP Logo

The Illinois Small Business Development Center (SBDC) at Champaign County EDC is pleased to announce that Kathie Cravens, International Trade Specialist, recently passed the NASBITE International, Certified Global Business Professional (CGBP) examination. The organization examined a record 243 candidates during the five days of testing conducted on December 10-15, 2013, with an average pass rate of 85%.

The NASBITE International CGBP examination confirms knowledge in international trade and assures that recipients are able to practice global business at the professional level required in today’s competitive environment. The exam is a 150-question, multiple-choice exam, surrounding four key domains within the international trade arena: global business management, global marketing, supply chain management, & trade finance. Moreover, the exam covers “threads” which cross the aforementioned domains. These threads consist of: documentation, legal and regulatory compliance, intercultural awareness, technology & resources. Within each of these areas and threads, there are tasks and knowledge statements tested through the CGBP exam.

Candidates received electronic notification of their examination results. The SBDC congratulates Cravens, and the other candidates who were successful on the December 2013 CGBP examination.

About NASBITE International:

NASBITE International is a non-profit organization dedicated to the advancement of international trade and its activities. The Since its founding in 1986, the organization has awarded more than 1,500 CGBP certifications and has held 27 annual conferences throughout the U.S and Canada. This year’s conference will be held in Memphis, TN.

Contact:
Carly McCrory, Communications Director
Champaign County Economic Development Corporation
(217) 359-6261
carly@champaigncountyedc.org

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