Economic Development Commission (EDC) Business Breakfast

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The Village of Mount Prospect Economic Development Commission (EDC) hosts a business breakfast each year to provide an update on economic development efforts in the village. Additionally, members of the EDC present Entrepreneurial Awards to Mount Prospect businesses and individuals that exhibit the “entrepreneurial spirit.”

Click the graphic below or the following link to view the 2017 presentation:  EDC breakfast presentation 10-26-17

2017 EDC bkfst presentation 



Honored businesses and individuals demonstrate an established record of professional success and are representative of the Village’s strong and diverse commercial and industrial base. Winners are selected by Economic Development Commission members and are honored at the EDC Business Breakfast held each year. Award winners are also featured on the Village website and in Village newsletters.

2017 award recipients:

2017 EDC Awards

Budding Business Award (less than 5 years in business):  George Tselos – Emerson Ale House 113 S. Emerson St (12/16/14) and Honey Butter Restaurant (4/11/17).

George Tselos has made a significant investment in the downtown district by opening two restaurants over the past 4 years. He purchased and improved the business model at Emerson’s Ale House in 2014 and opened Honey Butter Restaurant in 2017, each with different ownership groups. His dedication and investment in the downtown area has been a boon to the district and has encouraged others to invest in neighboring properties. George is also a big supporter of local organizations and events. He has sponsored many of the downtown festivals and Lion’s Club activities throughout the past years.

Enduring Business Award (more than 5 years):  Parenti-Raffaelli (215 E. Prospect Ave). 

Parenti-Raffaelli located its woodworking facility in downtown Mount Prospect back in the late 1980’s. They demonstrated their commitment to the Village when they recently moved their operations into a new 60,000 square foot state of the art facility in the Kensington Business Center, investing millions of dollars and keeping over 100 high paying jobs in the community.

Since 1951, Parenti & Raffaelli has been known for their high quality work, attention to detail
in producing custom woodwork, paneling, cabinetry, plastic laminate casework, furniture, custom doors, custom molding and trim. Their work is on display in many offices located in downtown Chicago, within Village Hall and throughout the suburbs. We wish them further success in their new facility.

Entrepreneurial Business of the Year:   Nicholas and Associates (1001 Feehanville Drive). 

Nicholas and Associates has been in the construction business since 1978 and has successfully completed over 500 projects throughout the region. While they specialize in school and park district facilities, they have also successfully completed multi-family, industrial and retail projects. Started by Nick Papanicholas Sr., Nicholas remains a family-owned company and a leader in the industry.

In 2016, Nicholas retrofitted an industrial building in the Kensington Business Center and transformed it into the very popular Mount Prospect Ice Arena. The arena has been well received by the community and has been a regional draw for hockey and ice-skating competitions benefitting surrounding restaurants, hotels and retail establishments throughout Mount Prospect. They are furthering their investment in Mount Prospect with the proposed 20 West mixed-use project that would be located in the Busse Triangle in the downtown area. In addition, they worked with Parenti-Raffaelli to relocate their operations into the Kensington Business Center and open up their downtown property for redevelopment.