Business and Economy | WGLT

Business and Economy

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?

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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.

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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.

Ralph Weisheit / WGLT

The pace of home sales in the Bloomington-Normal market slowed in October, even as the average price continued to climb due to low inventory, local real estate agents reported Wednesday.

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Brandt Industries will be getting more than just local tax breaks if it brings a new plant to McLean County.

Carleigh Gray / WGLT

Unit 5’s school board on Monday reluctantly approved around $400,000 in property-tax breaks for a Canadian manufacturer in exchange for the promise of hundreds of new local jobs.

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Brandt Industries expects to bring around 500 jobs to McLean County over the next decade and might even establish its U.S. headquarters in Bloomington-Normal, the company’s president said Monday.

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A Canadian agriculture equipment manufacturer would receive at least $600,000 in property tax breaks over the next 10 years if it brings hundreds of promised new jobs to McLean County, according to a proposed agreement facing its first vote Monday.

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A Canadian agriculture equipment manufacturer is working with local taxing bodies on an incentive package that would bring at least 300 new jobs to McLean County, officials said Saturday.

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The next step in the redevelopment of Eastland Mall will be a new restaurant.

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