Business and Economy

Four years ago, the big story in the Bloomington-Normal economy was the closure of Mitsubishi’s manufacturing plant and the loss of 1,200 jobs. Some workers got retrained and found new jobs. Others left the area forever.

The Bloomington-Normal hotel industry ended 2018 with the lowest occupancy rate of any metro area in Illinois. And things aren’t much better halfway through 2019.

Prices were up but the pace of sales slowed in May as the Bloomington-Normal housing market entered its busy selling season.

Janet Mariani needed a home for her first business—an ice cream shop. She chose Downtown Bloomington.

Greg Snodgrass started at Steak ’n Shake as a bus boy in 1979 in Bloomington-Normal.

A new report makes the case that manufacturing is still a vital cog in Illinois’ economic engine—especially downstate.

Surrounded by farmland as far as the eye can see, Lincoln Slagel showed off a crop you don't see too often here in central Illinois: hops.

Ford plans to invest $500 million in Rivian and use the electric vehicle startup’s skateboard platform to build a new battery-powered vehicle, the companies announced Wednesday.

Editor's note: This is the second of a two-part GLT series on how video gambling has played out in Central Illinois. From Monday: Gambling experts and a recovering addict discuss the social costs of gambling.

Editor's note: This is the first of a two-part GLT series on how video gambling has played out in Central Illinois. Coming Tuesday: A deeper look at the effects of video gambling on local government budgets.

On paper, it looks like a battle to the death: Legacy insurers like State Farm facing off against a wave of tech startups looking to disrupt their entire business model. It’s Airbnb versus hotels, or Uber versus cabs, all over again.

Tax time is here. Bloomington-Normal residents are sitting down to do their taxes or lugging their W-2s and other documents to their accountants, as the April 15 filing deadline looms.

Illinois could soon be the fifth state on the path to a $15 minimum wage.

This week’s Reuters report that GM and Amazon are considering investments in the electric startup Rivian raises all sorts of questions.

Why? How much? And what does this mean for Bloomington-Normal?

Women make up less than 5 percent of CEOs at Fortune 500 companies. That leaves most women to be mentored by the men who hold positions of power.

But in the era of #MeToo, some men are growing nervous about taking on a female mentee for fear of a sexual harassment or assault claim being filed against them should the mentorship go awry.

With a minimum wage increase bill awaiting a vote in the Illinois Senate, the McLean County Chamber of Commerce said they do not “outright oppose” the jump to $15 an hour.