Business and Economy | WGLT

Business and Economy

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.

WGLT

A low number of homes on the market is helping to drive up prices in Bloomington-Normal real estate, even as the demand for newly built homes continues to lag.

Mark Lennihan / The Associated Press

Bloomington-Normal's jobless rate fell again in September and remains the lowest among all metro areas in the state, the Illinois Department of Employment Security reported Thursday.

Richard Drew / AP

The city of Chicago has officially submitted its bid to be home to Amazon's second headquarters.

City of Bloomington

A city official says a new Kroger Marketplace store is still planned for Bloomington’s east side, though the project has been delayed significantly from its original timetable.

Ralph Weisheit / WGLT

Home sales continue to lag in the Peoria area, despite a strong end to the busy summer sales season.

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Should Normal give away $800,000 in tax breaks to a shopping center owner so that the town can reap $4.8 million in projected new tax revenue?

Evan Vucci / The Associated Press

The relentless hurricane season is keeping Bloomington-based insurers busy.

Ryan Denham / WGLT

It’s no secret that more and more children are being diagnosed with autism. The Centers for Disease Control and Prevention (CDC) says about 1 in 68 children has autism spectrum disorder. That jumps to 1 in 42 for boys—almost five times more common than in girls.

Ryan Denham / WGLT

Eastland Mall in Bloomington is moving forward with its redevelopment plans, with Planet Fitness now slated to open in a space formerly occupied by JCPenney.

Ralph Weisheit / WGLT

State Farm’s plans to realign its IT operations include a voluntary buyout for some employees.

Ralph Weisheit / WGLT

Bloomington-Normal home sales ticked back up again in August as more buyers closed deals toward the end of the busy selling season.

Brooke Palmer / Warner Bros. Pictures via AP

The end of summer marks the end of the worst summer box office for Hollywood in over a decade, thanks to an especially floppy parade of sequels.

taxcredits.net / Flickr

Bloomington-Normal's jobless rate continued to fall in August, as the local economy added around 1,700 jobs in the past year, the Illinois Department of Employment Security reported Thursday.

Ryan Denham / WGLT

The most famous red door in Bloomington-Normal will be closing for the last time next month.

WGLT

An internal announcement this week at State Farm won’t have a major impact on the size of the insurer’s overall workforce in Bloomington-Normal, the company said Friday.

Ryan Denham / WGLT

Bloomington-Normal bars and restaurants aren’t the only ones happy to see the college students back in town.

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