Economic Development Council | WGLT

Economic Development Council

Michael Allen Smith / Creative Commons

Count the McLean County Chamber of Commerce and the Bloomington Normal Economic Development Council among the interest groups on board a proposed sales tax sharing agreement in the twin cities.

Ralph Weisheit

A development entity is urging the Bloomington and Normal City Councils to talk about a sales tax revenue sharing agreement.

Ralph Weisheit / WGLT

The task force working to find a buyer for the former Mitsubishi auto manufacturing plant is continuing to field inquires. An upcoming trip to an international industrial trade show in Germany could increase interest.

BN EDC

The latest quarterly snapshot of the Bloomington-Normal economy shows strong overhaul health, but there is concern about one area--stagnant job growth.

Ralph Weisheit / WGLT

The Bloomington Normal Economic Development Council is readying its annual trip to Washington D.C. 39 members of various groups will pay their own way to the nation's capitol to meet with elected officials and agency workers about the priorities of the region.

MMNA, Inc.

Though property tax receipts from the soon to be vacant Mitsubishi auto plant will likely take a hit for area governments, some public officials say they are hopeful home values will not go down much, if at all. About half the 12-hundred workers at the Mitsubishi plant live in Bloomington Normal. McLean County Board Chair Matt Sorenson says analysis suggests many will remain in town.

Urban Land Institute

One of top urban planners in the U. S. gives high marks to the way Normal planned its uptown redevelopment. Tom Murphy, former Pittsburgh mayor and now with the Urban Land Institute, says the neighboring Marriott and Hyatt hotels are obviously a part of a well-thought out plan.

A minor point of philosophy turned into a change in how the McLean County Board supports the B-N Advantage economic development program. Instead of that specific program sponsored by the Economic Development Council, Board Member Paul Segobiano said it was important to change to support the "concept" of development.

The report contains items like an east side highway project and a downtown Bloomington Hotel. Kyle Ham of the EDC said the language change was unimportant.

The head of the effort to rescue use of the Mitsubishi Plant says there have been some nibbles on a buyer. Kyle Ham heads both the Economic Development Council for Bloomington Normal and the Mitsubishi Task Force.

"I am personally aware of automakers that are looking at the facility and have begun to do the due diligence process."

Ham says the plant has not been on the market that long and possible buyers have a lot of work to do.

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