Economy | WGLT

Economy

Staff / WGLT

The Bridgestone plant in Normal will add 30 new employees as part of a $12 million investment, the tiremaker announced Tuesday.

Mary Cullen / WGLT

Frontier Airlines is coming back to Central Illinois Regional Airport in Bloomington.

Staff / WGLT

Amid the many moves by State Farm Insurance comes a hiring fair.

Carleigh Gray / WGLT

Changes at State Farm are impacting many parts of the local economy—from real estate to jobs to downtown Bloomington’s future.

State Farm

The total compensation for State Farm’s top executive is lower than his predecessor’s and several of his peers in the insurance industry.

As more retail chains shut down, cities across Illinois figure out what to do with millions of square feet of empty space.

Carleigh Gray / WGLT

The Bloomington-Normal real estate market picked up a little in March, as the pace of sales quickened and prices continued their upward climb.

YouTube / State Farm

If you’re looking for clues about what State Farm is doing, don’t just look to the big black building overlooking Veterans Parkway. Look at Rhode Island.

Monty Greutman / Bridgestone

Manufacturing has seen a surge of economic growth lately, but the industry is growing faster than it can find employees to fill the gap.

Ralph Weisheit / WGLT

The Bloomington-Normal housing market continued its sluggish start to 2018, with total sales off nearly 20 percent through February.

bytemarks / Creative Commons/Flickr

Bloomington-Normal’s jobless rate has fallen again, making it the lowest among all metro areas in Illinois.

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.

Carleigh Gray / WGLT

UPDATED 12:30 p.m. | The CEO of the Bloomington-Normal Economic Development Council has resigned to take another position.

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.

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.

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.

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.

A field of corn
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.

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