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Gov. JB Pritzker on Wednesday gave final approval to a plan to bolster the state’s tech industry, including an incentives package – backed by $500 million in the state budget – aimed at making Illinois the nation’s leader in quantum computing.
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Nonbank loans to small businesses have grown rapidly in recent years, but nonbank commercial lenders aren’t required to disclose the annual percentage rate to borrowers.
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McLean County farmers are the top corn and soybean producers in the nation, according to the recent release of final 2023 crop production data from the U.S. Department of Agriculture (USDA). McLean County farmers also finished in the Top 10 nationally in corn and soybean yield for the 2023 growing season.
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The electric automaker Rivian dropped three surprises Thursday during the reveal of its new, more affordable SUV – including news that the vehicle will be made in Normal.
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The electric automaker Rivian will eliminate one of its three shifts in Normal next month, saying it can meet this year’s modest production goals with only two shifts because the manufacturing plant is getting more efficient.
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Illinois Gov. JB Pritzker helped cut the ribbon Tuesday on a new $17 million manufacturing training facility – including an electric vehicle lab – at Heartland Community College in Normal.
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Electric automaker Rivian had negative gross profit of $606 million in the fourth quarter alone. Yet the company that has a production facility in Normal said it will bridge to a modest gross profit in the fourth quarter of this year.
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The electric automaker Rivian said Wednesday it plans to cut 10% of its salaried workers, citing “challenging macroeconomic conditions.” The impact on Rivian’s workforce in Normal is not expected to be significant, given that the vast majority of its 8,000 local employees are hourly.
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The Picklr, a chain of indoor pickleball facilities, says it’s planning to open a franchise in Normal in fall 2024. The nine-court, 30,000-square-foot location will be inside the College Hills Plaza, near Towanda and College avenues.
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Impossible to miss for anyone driving through the junction of Interstates 74 and 155, Precision Planting's new 510,000-square foot assembly and distribution center started operating in October.
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Rivian is one of more than a dozen automakers to get a warning from U.S. senators to not block unionizing efforts by their employees.
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The Paid Leave for All Workers act stipulates employers bank one hour for every 40 worked, up to 40 hours a year. Some businesses worry about what the law could do to their bottom line.