Economy | WGLT

Economy

Congressman Rodney Davis at a microphone.
Staff / WGLT

Central Illinois lawmakers have reacted to a lawsuit by a southern Illinois state representative by pointing to what it might influence rather than any legal result it might have.

Bloomington City Hall
Eric Stock / WGLT

“The city is in a good position, but it’s not in a great position,” City Manager Tim Gleason said Monday night in terms of the city withstanding the economic impact of COVID-19.

Closed sign
Ashley Binkowski / WGLT

More than 5,000 people in the Bloomington-Normal area claimed unemployment benefits in March—a ten-fold increase from a year ago that offers a new view of COVID-19’s economic toll.

Richard Guebert speaking at conference
Facebook/Illinois Farm Bureau

The head of the Illinois Farm Bureau on Wednesday told the U.S. House Ways and Means Committee the China trade agreement is good for the country. That's in spite of trade war damage to Illinois farmers.

Larry Pusateri speaks
Mary Cullen / WGLT

Editor's note: This is part of a five-story series reported at the Housing Action Illinois conference in Bloomington on Oct. 24-25. The stories ran Wednesday, Oct. 30, on WGLT's Sound Ideas.

B-N Jobless Rate Continues To Fall

Oct 24, 2019
AP Photo/Charles Krupa

The Bloomington-Normal unemployment rate in September dropped nearly half a percentage point from last year as the local workforce grew by 100.

Bridgestone plant in Normal
Staff / WGLT

The Bridgestone Off-Road Tire plant in Normal is nearly finished with a $12 million renovation.

We Are Hiring paperwork
LYNNE SLADKY / AP

The Bloomington-Normal unemployment rate fell in July as the economy added 200 jobs from this time a year ago.

International Documentary on Climate Change Educates B-N

Jul 3, 2019
istart2.blogspot.com

Internationally-known documentary maker and environmentalist Renee Scheltema said "Normal is Over."

Deanna and Adam
Ryan Denham / WGLT

What’s the average commute time in Bloomington-Normal? How many patents do our entrepreneurs win each year? What’s the median rent for those living in the Twin Cities?

Bridgestone plant in Normal
Staff / WGLT

The Bridgestone plant in Normal will add 30 new employees as part of a $12 million investment, the tiremaker announced Tuesday.

Mary Cullen / WGLT

Frontier Airlines is coming back to Central Illinois Regional Airport in Bloomington.

Staff / WGLT

Amid the many moves by State Farm Insurance comes a hiring fair.

Carleigh Gray / WGLT

Changes at State Farm are impacting many parts of the local economy—from real estate to jobs to downtown Bloomington’s future.

Michael Tipsord
State Farm

The total compensation for State Farm’s top executive is lower than his predecessor’s and several of his peers in the insurance industry.

As more retail chains shut down, cities across Illinois figure out what to do with millions of square feet of empty space.

Carleigh Gray / WGLT

The Bloomington-Normal real estate market picked up a little in March, as the pace of sales quickened and prices continued their upward climb.

State Farm agent speaks to customer
YouTube / State Farm

If you’re looking for clues about what State Farm is doing, don’t just look to the big black building overlooking Veterans Parkway. Look at Rhode Island.

Monty Greutman / Bridgestone

Manufacturing has seen a surge of economic growth lately, but the industry is growing faster than it can find employees to fill the gap.

Ralph Weisheit / WGLT

The Bloomington-Normal housing market continued its sluggish start to 2018, with total sales off nearly 20 percent through February.

Unemployment insurance claims office
bytemarks / Creative Commons/Flickr

Bloomington-Normal’s jobless rate has fallen again, making it the lowest among all metro areas in Illinois.

Security checkpoint at airport with two travelers in line.
Colleen Reynolds / WGLT

A decline in business travel and increased low-fare competition from Chicago’s O’Hare airport were among the factors that drove down passenger traffic at Bloomington’s Central Illinois Regional Airport in 2017.

Carleigh Gray / WGLT

UPDATED 12:30 p.m. | The CEO of the Bloomington-Normal Economic Development Council has resigned to take another position.

State Farm HQ building
Ralph Weisheit / WGLT

State Farm announced Tuesday it will cut around 890 jobs in Bloomington as part of an IT restructuring project that will add similar positions in Atlanta, Dallas, and Phoenix.

Ryan Denham / WGLT

When you visit the new Keg Grove Brewing Co. in Bloomington, the first thing you notice is the location.

State Farm HQ building
Ralph Weisheit / WGLT

State Farm on Thursday reported its second-straight year of operating losses for its property-casualty insurance businesses, as the company pledged to get leaner and make significant internal changes.

Staff / WGLT

The Bloomington-Normal housing market got off to a slow start in 2018, with sales in January—typically one of the slowest months of the year—falling by more than 25 percent from a year ago.

Eastland Mall exterior
Ryan Denham / WGLT

The Bloomington-Normal economy has added 1,100 jobs in the past year, as the local jobless rate fell to just 3.8 percent in December, the Illinois Department of Employment Security reported Thursday.

LM Otero / AP

When a big local retailer like JCPenney or Gordmans closes its doors, it becomes another chapter in the “retail apocalypse” storyline that predicts the end of brick-and-mortar shopping.

City of Bloomington

Plans are now on hold for a new Kroger Marketplace store on Bloomington’s east side.

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