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Peoria

Scott Tranchitella / Flickr via Creative Commons

Following a modest decline for three consecutive quarters, a Bradley University study suggests the Peoria area economy has returned to where it was a year ago.

Heidelberg Conviction Tossed

Apr 21, 2017
Roger W. / Flickr

Family and attorneys representing Cleve Heidelberg call yesterday’s court ruling “historic,” for a man who’s spent the last 47 years in prison.

A Peoria County Judge granted Heidelberg a new trial in the 1970 murder of Peoria County Sheriff’s Sergeant Raymond Espinoza.

Caterpillar Hires Big Name Legal Help

Mar 17, 2017
IPR

Caterpillar Inc. is hiring a former U.S. attorney general to help it sort out matters that sparked a federal raid on its headquarters in central Illinois.

William P. Barr will serve as outside counsel to the large equipment manufacturer.

He'll help Caterpillar review and address issues relating to Caterpillar SARL, a Swiss parts subsidiary, and tax-saving practices.    

Issues with Caterpillar SARL have dogged the company for eight years, sparking a Senate investigation, shareholder lawsuits, and proposed taxes and penalties totaling $2 billion.

Peoria Riverfront Museum

The Peoria Riverfront Museum has a new President and CEO.

John Morris has spent the last decade as Director of the Ronald Reagan Society at Eureka College, a fundraising network for the college.

Aaron Volkening / Flickr

An Illinois State University Business Professor said it's important to keep some perspective about Caterpillar's announcement it is moving it's headquarters to the Chicago area.

Victor Devinatz studies labor and management relations. He said it's 100 executive jobs and 300 jobs overall.

Caterpillar To Move HQ To Chicago

Jan 31, 2017
Roger W. / Flickr

Caterpillar is moving its global headquarters to Chicago. The Peoria-based heavy equipment company has announced it will locate a limited group of senior executives and support functions to the Chicago area later this year.

Ken Teegardin, seniorliving.org / Flickr

There was some stability in the Peoria area economy during the third quarter.

At least that's what figures compiled by Bradley University's Center for Business and Economic Research seem to indicate. Director Bernard Goitein says there were some slight gains made in the over jobs market, including apparent emerging entrepreneurs.

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It's rare to find a child prodigy. It's almost unheard of to find a child who excels in two fields. But, Harmony Zhu played a piano recital at Carnegie Hall at the age of seven.

At age eight she was a world age group chess champion. She is the youngest ever winner of the Chopin International Piano competition at age nine. She plays with the Peoria Symphony Orchestra on Saturday.

Stefan Powell / Flickr

The latest Statistical Composite of the Peoria area Economy (SCOPE) report for April, May and June shows some ups and downs that, in effect, extend a level of consistency established in the first three months of the year.

The report is compiled by Bernard Goitein, Director of the Center For Business and Economic Research at Bradley University in Peoria. During Sound Ideas, Goitein said. Some of the highlights of this second quarter report:

Friends of Riverfront Park / Facebook

On the 325-year anniversary of a settlement that was founded on the shores of Peoria Lake, a group of citizens is calling for the withdrawal of the City of Peoria's plan to sell Riverfront Park for an apartment development.

Neil Larimore Photograpy

Rico Wayne Johnson and Dove Benoit are a pair of Peorians bringing the sounds of Brazil, and other Latin American rhythms, to central Illinois. The Brazilionaires will kick off the GLT Summer Concert presented by CEFCU this Saturday June 11th in downtown Bloomington.

A few months ago, the group stopped by the GLT studios with a bunch of great local jazz musicians to play some tunes from their new CD, and talked with Bruce Bergethon about spreading sambas and boleros across the Heartland.

Landmarks Illinois

Fire officials in Peoria estimate flames at the abandoned historic downtown Madison Theater caused $500,000 in damage.

Bernard Goitein / Bradley University

An economic analyst of the Peoria area says the present downturn in manufacturing employment is nowhere near comparable to the huge job losses of the 1980's.

Schock Appears

Sep 11, 2015

Former U.S. Rep. Aaron Schock has made a rare public appearance since resigning from his congressional seat earlier this year amid an intensifying spending scandal.  
 

Crain's Chicago Business reports the Republican attended a Navy Seal Foundation fundraiser Wednesday at a Chicago hotel with other high-profile guests. His appearance came on the eve of a special election to replace him, won by Republican State Senator Darin LaHood.  

Peoria Economy Grows, Slowly

Sep 8, 2015

Second quarter growth returned the Composite Index of local business and economic conditions to year earlier levels and cut the unemployment rate to 5.5%, on par with the rest of the nation. That's what the latest Peoria Area Economic Index shows. The index, from the Bradley University College of Business, tracks 30 economic indicators in it's quarterly assessments. Bernard Goitein is the chief author of the report. He says the unemployment rate is 1.3-percentage points lower than in the previous quarter.