Economy | WGLT

Economy

City of Bloomington

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

Danny Johnston / AP

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

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.

Randy Wick / Flickr

Illinois is now in year four of fairly low farm income and no turnaround is in sight, according to Farm Bureau Chief Economist Mike Doherty.

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

It’s not just new businesses like Brandt Industries that are looking to cut their property tax bill.

Bradley University

The latest quarterly look at the Peoria area economy shows modest growth and projected stability.

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.

Google Maps

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.

Facebook

Redevelopment to transform Bloomington-Normal into a diverse economy that thrives on business and visitors could take decades, but community leaders say their trip to Arkansas last month confirmed some local initiatives are on track.

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.

Charlie Schlenker / WGLT

To most Americans the "fiduciary rule" on financial planning might not mean a whole lot. But for financial planners, stock brokers, and investment advisors, it's a really big deal.

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.

Charlie Schlenker / WGLT

An author who chronicles the effects of globalization on food and clothing is urging the public to become more informed.

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.

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.

Staff / WGLT

The Town of Normal wants to cut its payroll because of revenue losses. Staff are recommending the town offer early retirement incentives to 18 people.

Charlie Schlenker / WGLT

McLean County government must cut up to 25 people from its workforce, County Administrator Bill Wasson said Monday during a Board Finance Committee meeting.

Mark Lennihan / The Associated Press

Bloomington-Normal’s jobless rate continued its decline in July, as the local economy added more jobs in professional and business services and leisure and hospitality.

Baylee Steelman / WGLT

A local entrepreneur is shedding light on the hardships of starting a small business as a woman or minority.

Dr. Bernard Goitein / Center for Business and Economic Research, Bradley University

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.

Dr. Bernard Goitein / Center for Business and Economic Research, Bradley University

A snapshot of the Peoria area economy shows stability.

The latest composite index out by the Center for Business and Economic Research at Bradley University shows a minor decline in activity, though it also shows the economy is still growing.

McLean County Museum of History

Route 66 Tourism grew by 50 percent in Bloomington last year.

That's according to attendance figures for the Cruisin' with Lincoln on 66 Visitors Center in the McLean County Museum of History.

Stefan Powell / Flickr

The earliest combined data on housing and employment for the first several weeks of 2017 in Bloomington-Normal suggests an economy that is remaining flat.

David Wilson / Flickr

Several sectors of the Bloomington-Normal economy gained jobs last month compared to a year ago.

The Illinois Department of Employment Security reports increases in educational and health services, financing, business, construction, transportation and warehousing, and utilities.

AscendedAnathema / Wikimedia Commons

Retirements and other withdrawals from the labor force highlight the latest report of economic indicators in the Peoria metro area.

The overall index, compiled by the Center for Business and Economic Research at Bradley University, shows only two-tenths of a change down from the third quarter mark of 101.7.

Pages