BackgroundWorker does not fire the RunWorkerCompleted event

I'm creating backgroundworker not in my windows form but in the class file (BusinessLogic) that implements all the processing. From main form I first call the BL method that initializes the BGW. Then I call the method of BL which will start the BGW.

Here is more background :) on my implementation. How to use BackGroundWorker in class file?

The DoWork event runs fine but it doesnt call the RunWorkerCompleted.

Some googling and I found out this link. I've a feeling that my problem is same as this guys. http://www.eggheadcafe.com/software/aspnet/29191764/backgroundworker-does-not-fire-the-runworkercompleted-event.aspx

I'd appreciate any input on this issue. Thanks in advance.

Code in Main form:

    private void frmMain_Load(object sender, EventArgs e)
    {
      Hide();
      BusinessLogic.BGWInitialize();
      BusinessLogic.StartBackgroundWorker();                
      while (!BusinessLogic.firstCycleDone)
      {
        Thread.Sleep(100);
      }
      Show();            
    }        

Code in BusinessLogic:

    public static void BGWInitialize()
    {
        bgWorker.DoWork += new DoWorkEventHandler(bgWorker_DoWork);
        bgWorker.ProgressChanged += new ProgressChangedEventHandler(bgWorker_ProgressChanged);
        bgWorker.RunWorkerCompleted += new RunWorkerCompletedEventHandler(bgWorker_RunWorkerCompleted);
        bgWorker.WorkerReportsProgress = true;
    }

    public static void StartBackgroundWorker()
    { 
        bgWorker.RunWorkerAsync();
    }


    private static void bgWorker_RunWorkerCompleted(
        object sender, RunWorkerCompletedEventArgs e)
    {            
        firstCycleDone = true;             

    }