Economy

RhinoAg plans to merge its operations with a plant in Selma, Alabama by March 2025. In a statement, the company cited difficult market conditions in the ag equipment sector for the closure.

Statewide averages over each period were marginally higher than for the region. Overall land values were still up across the state last year, but the report showed some declines in the price of high-quality farmland in northeastern Illinois and the region around Decatur.

Former Central Illinois congressman Rodney Davis has a new job as head of governmental affairs with the U.S. Chamber of Commerce.

One of the wrinkles in the downtown Bloomington Tax Increment Financing District the city council has just created is that if it doesn't perform, half the property tax money generated will go back to taxing bodies like Bloomington schools.

Manufacturers have been scrambling for workers for years and the need is rising as the baby boomers that disproportionately make up that part of the workforce retire. That's not likely to change soon.

Bloomington-Normal now has six cannabis dispensaries. Ayr Wellness, the latest, on Bradford Lane in Normal next to Moe's Southwest Grill, opened Friday.

A Republican candidate for state representative says a four-year university is not required for career success. During a tour of G-3 Machining in Bloomington, Regan Deering said the social conversation on that point had already begun.

The labor market that includes McLean and DeWitt counties added 1,700 jobs over the last year, according to the Illinois Department of Employment Security.

Rivian and Volkswagen have signed a deal on a joint venture. The two companies will share electric vehicle architecture and software.

Checks are going out in a $65 million settlement of a class action lawsuit against State Farm Life and Accident Assurance Company. Attorneys had accused State Farm in a federal court in Missouri of overcharging on policies.