The head of the Center for Business and Economic Research at Bradley University says economic indicators suggest the Peoria area economy will keep on growing at a modest rate. Bernie Goitein said the Caterpillar layoffs have eased and other parts of the economy appear to be compensating.
"Local demand for housing has pushed new single family building permits up .8 percent in the quarter. So, you have this need for more housing. That's more construction and more construction jobs," said Goitein.