Business and Economy | WGLT

Business and Economy

Ralph Weisheit / WGLT

An executive who leads State Farm's external public relations efforts is leaving the company for a new job at another insurer.

Security checkpoint at airport with two travelers in line.
Colleen Reynolds / WGLT

A decline in business travel and increased low-fare competition from Chicago’s O’Hare airport were among the factors that drove down passenger traffic at Bloomington’s Central Illinois Regional Airport in 2017.

Holt equipment in a road in 1917 in Europe
Courtesy / Caterpillar

World War I was one of the deadliest and most destructive episodes in human history.

Ralph Weisheit / WGLT

State Farm announced Tuesday it will cut around 890 jobs in Bloomington as part of an IT restructuring project that will add similar positions in Atlanta, Dallas, and Phoenix.

Ryan Denham / WGLT

When you visit the new Keg Grove Brewing Co. in Bloomington, the first thing you notice is the location.

Ralph Weisheit / WGLT

State Farm on Thursday reported its second-straight year of operating losses for its property-casualty insurance businesses, as the company pledged to get leaner and make significant internal changes.

Nam Y. Huh / AP

Dick's Sporting Goods will immediately end sales of assault-style rifles in its stores and won't sell guns to anyone under 21 years old following the school massacre in Parkland, Florida.

Lyndsie Schlink / Illinois State University

The CEO of one of State Farm’s top competitors says she welcomes the challenge that her company will face as self-driving vehicles cut into the number of accidents in the decades ahead.

Staff / WGLT

The Bloomington-Normal housing market got off to a slow start in 2018, with sales in January—typically one of the slowest months of the year—falling by more than 25 percent from a year ago.

Staff / WGLT

State Farm announced this week it’s giving $1,000 one-time bonuses to some of its employees, even as the company continues a cost-cutting realignment of its IT workforce.

Ryan Denham / WGLT

The Bloomington-Normal economy has added 1,100 jobs in the past year, as the local jobless rate fell to just 3.8 percent in December, the Illinois Department of Employment Security reported Thursday.

LM Otero / AP

When a big local retailer like JCPenney or Gordmans closes its doors, it becomes another chapter in the “retail apocalypse” storyline that predicts the end of brick-and-mortar shopping.

Ryan Denham / WGLT

A local brewery’s new taproom in south Bloomington is the latest addition to Central Illinois' growing craft-beer scene.

Richard Drew / AP

Chicago has made the list of the top 20 cities Amazon is considering for its massive second headquarters.

Google Earth

An architect and developer who made a surprise pitch last week for a downtown Bloomington hotel connected to Grossinger Motors Arena says the project may not require much city investment.

Staff / WGLT

For the first time in nearly a century, State Farm employees will soon be without a home in downtown Bloomington.

Courtesy / Bloomington-Normal Economic Development Council

When Rivian Automotive bought the shuttered Mitsubishi Motors plant in Normal, the company’s mystique was part of the excitement. Who was this MIT grad who wants to build electric vehicles here? What will the cars look like? Will it be like Tesla?

City of Bloomington

Plans are now on hold for a new Kroger Marketplace store on Bloomington’s east side.

Farnsworth Group/Eckenhoff Saunders Architects / Town of Normal

The Normal Town Council at its next meeting may review a proposal for what's being called a "major economic development initiative" in Uptown Normal. 

Danny Johnston / AP

The Hobby Lobby store in Normal is moving to a smaller location within the same shopping center.

Illinois Farmers Plan Another Push for Industrial Hemp

Jan 2, 2018
Dylan Lovan / AP

Making it legal to raise industrial hemp has been a topic of discussion in Illinois for years. Wisconsin is the most recent state to allow farmers to grow it. Will Illinois be next?

Google Maps

Swingers Grille in Normal has closed, the restaurant announced Monday on its Facebook page.

Cindy Le / WGLT

Bloomington-Normal’s unemployment rate fell again in November to 3.9 percent as the economy added 500 jobs over the past year to maintain one of the lowest jobless rates in Illinois.

Staff / WGLT

Tight inventory in November again drove up average home-sale prices in Bloomington-Normal, as the market for newly built homes continued to sink.

Mike Miletich / WGLT

Electric-vehicle maker Rivian said Tuesday it has brought on a new major investor as it nears the one-year anniversary of moving into the former Mitsubishi manufacturing plant.

Green Top Grocery owners look at their new store
Ryan Denham / WGLT

It took five years of community meetings, fundraising, and planning to open Bloomington’s first grocery store cooperative. Seven months since opening day, the work still isn’t over.

Charlie Schlenker / WGLT

There are 9,000 fewer workers in Bloomington-Normal than there were seven years ago, according to Economist Mike Doherty of the Illinois Farm Bureau.

Isabella Rodriguez / WGLT

Another manufacturer is considering a move into McLean County.

A company that makes prosthetic limbs met with Bloomington city officials last week about opening a manufacturing site here, said Mayor Tari Renner.

Google Maps

The owner of several Bloomington-Normal radio stations filed for bankruptcy Wednesday as part of a restructuring plan to reduce the company’s debt.

Cindy Le / WGLT

Bloomington-Normal's jobless rate sank to 3.8 percent in October, as the local economy added 900 jobs in construction, professional and business services, and other sectors.