-
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.
-
There will be major progress this year toward the creation of an industrial park on the southeast side of Bloomington.
-
Bloomington-Normal is losing ground on its housing gap. A 2021 housing study showed an unmet need for more than 4,000 housing units. Patrick Hoban, director of the area economic development council, said an update to the study takes Rivian employment into account, and shows the number is going in the wrong direction.
-
Bloomington-Normal leaders are emphasizing the need for more broadband connectivity in underserved and rural areas.
-
The head of the Bloomington-Normal Economic Development Council, Patrick Hoban, says the slogan is the result of surveys that showed the community has much more to offer than newcomers realized.
-
Homebuilders in Bloomington-Normal are playing catch up in meeting the growth of the last decade, the more recent expansion of the labor market, and projected future growth.
-
More people are commuting greater distances to work in Bloomington-Normal every day, with some traveling 60 to 90 miles to work here – and about a quarter of Rivian’s workers driving an hour to work each day. That’s according to an analysis of cell phone location data and tracking from Rivian itself.
-
In recent years, economic development efforts in Bloomington-Normal have focused on workforce development and creating a standard incentive package for prospective new businesses to locate in McLean County. That's about to change.
-
The head of the Bloomington-Normal Economic Development Council says the local economy has a lot of encouraging signposts, noting that consumers are buying a lot, according to year-to-date sales tax receipts.
-
The maker of Butterfinger, Crunch, Tic Tacs and other candies has announced a second major expansion in Bloomington in less than a year. Ferrero plans to add 200 jobs as part of a $214 million expansion.