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There will be major progress this year toward the creation of an industrial park on the southeast side of Bloomington.
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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.
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Bloomington-Normal leaders are emphasizing the need for more broadband connectivity in underserved and rural areas.
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Bloomington-Normal is poised for prolonged healthy growth. But it will need help to make those dreams real, and changes at the state level could offer a boost to the Twin Cities.
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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.
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The Italian chocolate and confectionary company is expected to bring 200 more manufacturing jobs to the Twin City area in 2024 via its $214.4 million facility.
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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.
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Three additional public information meetings are planned for May, to address Unit 5’s multimillion-dollar deficit.
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School officials in Bloomington say everyone benefits when the community grows, gave its support Wednesday night to a uniform tax incentive package developed by the Bloomington-Normal Economic Development Council (EDC).
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Twin City economic development officials field inquiries from potential businesses all the time. But Bloomington-Normal Economic Development Council head Patrick Hoban says he's really excited about one particular prospect right now.