InterBusiness Issues - September 2007

Excelling in a Global Economy
The President/CEO of Excel Foundry and Machine, Inc. and CEO of FLSmidth Excel LLC, formerly known as Excel Crusher Technologies, Doug Parsons understands what it takes to succeed in today’s global economy. Since taking over as President of Excel Foundry and Machine in 1998, he has watched sales soar from about $9 million to over $50 million this year. Parsons founded Excel Crusher Technologies in 2004, selling both of the Pekin-based companies to FLSmidth two years later. He continues to oversee both companies, as well as participating in merger and acquisition activities for FLSmidth. Parsons sits on the Illinois Workforce Investment Board and the Advisory Board for Morton Community Bank. He is Worship Director at Riverside Community Church and a Director of All God’s Children International, an orphan care/adoption agency. He won the 40 Leaders Under Forty award in 1999, and has been written up in the New York Times and Inc. magazine. He lives in Peoria with his wife, Jennifer, and three children: Merrill, 13; Jessica, 10; and Jack, 6.

Features

Publisher's Note
In an age of unprecedented, rapid change, there is no certainty; there are no guarantees.
Business Profile
Butch’s Pizza was the first food company in the nation to develop and market, on a wholesale basis, a white pizza with a special garlic sauce on it.
If we are to develop more principled leaders in public service, a great place to start is in the classroom.
Despite this progress along its banks, the Illinois River does not meet Clean Water Act goals.
An Illinois biofuel facility saved $7 million on its federal tax bill; a real estate developer, $2.8 million; an apartment/condo complex, $334,000.
Caterpillar Inc. reported record second-quarter sales and revenues of $11.356 billion.

Columns

  • No Viable Alternative to Horse Harvesting
    Patrick Kirchhofer - Peoria County Farm Bureau
  • Identity Theft: A Big Business
    Dave Cochran, South Side Trust & Savings Bank
  • Massage and Chiropractic: Why?
    Dr. Robert Zinser, Zinser Chiropractic Clinics
  • An Engaged Electorate in 2008
    Mayor Jim Ardis - City of Peoria
  • H-P/PCF Alignment Update
    W. Michael Bryant, Methodist Medical Center
  • Capitalize on Energy Savings
    William Prather, Peoria County Board
  • Forty Years, 400,000 Minds
    Dr. John Erwin - Illinois Central College
  • Ethics and Training
    Dr. John Throop, The Summit Group
  • Protecting 5 Million Lives from Harm
    Dr. R. Michael Gulley, OSF Saint Francis Medical Center
  • Increase Revenues with Chamber Membership!
    Roberta Parks - Peoria Area Chamber of Commerce
  • Illinois Joins the Ranks of Non-Smoking States
    Mary Pille, Employers' Association
  • Are You Saving Enough for Retirement?
    Scott Elger, Robert W. Baird & Co.
  • Let Them Learn by Doing
    Larry Timm - Junior Achievement
  • Passing a Capital Budget
    State Rep. Mike Smith, 91st District
  • Train to Sustain
    Tucker Kennedy, IMEC
  • Health & Productivity
    Michael Davis - IWIRC Corp.
  • Campaign for a Brighter Future
    William & Marjorie Springer, 2007 United Way Campaign Chairs
  • Internet Sources for Career Information
    David Smith, Manpower Professional
  • Sports Play in Peoria
    Brent Lonteen, Peoria Area Convention & Visitors Bureau
  • The Future of Workforce Development, Part 2
    Bashir Ali - Central Illinois Workforce Network

Also in This Issue...

The latest in business news in central Illinois.
Many mid-sized businesses and their employees are seeing hidden fees and undisclosed costs whittle down their 401(k) plan balances.
Wind power is now the fastest growing energy source in the world, which has helped reduce the cost of production.