Business and Economy

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.

McLean County had a huge shift to work-from-home employment during the pandemic. In fact, a bigger percentage change than in all but two other counties in Illinois.

The Nuclear Regulatory Commission will review the proposal from Constellation Energy to allow the plant to operate another 20 years, through 2047.

Lt. Gov. Juliana Stratton visited Bloomington recently as her We Thrive initiative gets off the ground. The listening tour meets with women across the state to learn about barriers to financial literacy.

The lack of housing and affordable housing means Bloomington-Normal is losing out on some of the economic benefits created by Rivian. The shortage also is increasing the number of unhoused people in the community and has the potential to cause an exponential growth in homelessness.

An organization that tries to stimulate economic development in central Illinois says it can help address the housing shortage in McLean County. The Tri-County River Valley Development Authority (TRVDA) helps issue lower cost bonds.

The college expand its electric vehicle programs with the help of a $525,000 grant from the Illinois Community College Board.

Bloomington-Normal leaders have different views whether or how government should be involved in breaking the logjam of factors that has slowed the pace of new housing construction.

There will be major progress this year toward the creation of an industrial park on the southeast side of Bloomington.

If it seems like the more colleges and universities make policies about academic cheating the more ways to cheat pop up, you might not be wrong.