Economy Blog

mrlib.org

Tim and Bill chat about the recent spate of business closings downtown & elsewhere.

skyzone.com

Bill and Tim discuss the spring opening of Sky Zone in Springfield.    Also ridership down on Amtrak and update on a couple of construction projects on this week's business report.

loc.gov

On this week's business report, Tim Landis talks with Bill Wheelhouse about some renovated apartments coming on the market in downtown Springfield.

University of Illinois Chicago

City tries to figure out what's next after Fed's deny money for 10th street work.

On the WUIS/SJR Business Report,  A look at some of the area business news affecting you including a two weeks shutdown of rail service and the city of Springfield trying to sell the idea of a second lake as a regional water source.

Illinoisroute66.org

Tim and Bill chat about a big Route 66 memorabilia auction this weekend & a car dealership next to White Oaks Mall.

Law firms pushing farmers to sue Syngenta on this week's WUIS/SJR Business Report:

U.S Department of Energy

Illinois appears to have a lot of potential for growth in wind energy.     One area that some say is ripe for development is wind farms off the shores of Lake Michigan.   However one expert is not so bullish on the idea.

nasda.org

The four lane highway between Springfield and Taylorville should be complete by next year.  Bill Wheelhouse and Tim Landis chat about that on this weeks SJR/WUIS Business Report:

http://www.infouas.com/la-policia-de-california-dispuesta-a-emplear-drones/

sj-r.com

On this week's report Tim and Bill discuss some hi-tech jobs coming to Springfield, a drop in soybean prices and some big piles of rubble.

On this weeks WUIS/SJR Business Report Bill and Tim talk about Obama's energy announcement and Illinois coal,  a Sangamon County wind farm and an update on local hospital construction.

hilton.com

Spingfield's "skyscraper" will be changing labels at the end of the year.  Tim Landis and Bill Wheelhouse chat about the transition of the Springfield Hilton on the Business report.

Normal Auto Plant May Stop Production

Jul 24, 2015

Officials with Mitsubishi Motors aren't confirming Japanese media reports saying the automaker will stop making vehicles at its central Illinois factory and try to sell the plant.  

Mitsubishi spokesman Dan Irvin based in Normal wouldn't comment beyond saying the company continually reviews its supply chain to make sure it remains competitive.  

Japan's leading business newspaper, the Nikkei, reported the news. Kyodo News also reported the plant will close. Both cited unnamed sources.  

Justin L. Fowler/The Journal Register

Tim chats with Bill about saving the iconic seal from the remnants of the Bel Air Motel & an Emerald Ash Borer infestation at the State Fairgrounds.

Lisa Ryan/WUIS

The SJ-R's Tim Landis talks about the Logan County wind farm proposal, gives us an update on demolition around Springfield and a Springfield based company is growing.

siumed.edu

Springfield's population is expected to increase over the next quarter-century but at a lower rate than in recent years.  Tim Landis of the SJR discusses his reporting on the issue with Bill Wheelhouse.  Also a different Parsons in bankruptcy court and goodbye New Coney Island.

The train controls that were lacking in Philadelphia will be in place when Illinois high speed rail happens... if the state will spend the money.

Watch Decatur City Limitless

Tim Landis headshot
SJ-R.com

Bill Wheelhouse and Tim Landis talk about a public forum this week on plans to improve the neighborhood near Lincoln's home.

The HyVee Chain has a new service, which a hi-tech grocery trade publication tells us about.

Read it here

Tim Landis and Bill Wheelhouse discuss the appointment of a new state fair director and what his charge may be.

Tim Landis talks about the efforts of Brandt in Beijing on this weeks WUIS/SJR Business Report.

As talk swirls at the State Capitol about privatizing the state's economic development agency, here are some interesting perspectives from Crain's on the topic.

Click here to read

Local employers seem to be optimistic about the Sangamon County economy in the year ahead.

The twice yearly survey gives researchers a read on what local leaders think about the economy. 

Ashley Kirzinger with the U of I Springfield's Survey Research Office says the latest report shows a big jump in the expectations of local employers and a 36 point increase in  the overall economic outlook from four years ago.

Julie Morrison
Illinois General Assembly

The Illinois Senate this week may vote on a plan to create a "one stop shop" for people wanting to set up businesses in Illinois

The measure would require the state to set up a web site that provides details on the costs and links to the forms and information for setting up a business in Illinois.  Deerfield Democrat Julie Morrison is the sponsor.               

"This will serve everybody from the person who's starting a cottage business in their home to a really large business coming forward with a lot of employees," said Morrison.

While the headline sounds like its from the 1980's, AP Business Writer Marcy Gordon wrote about a new report from a group led by Paul Volcker.

Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective.

Verizon is giving its customers have more control over the channels they pay for as the cacophony of cord cutting reshapes cable TV.

Verizon's FiOS Custom TV, available Sunday, gives customers the option to buy a $55 base package with more than 35 channels plus two additional themed channel packs.

There's currently seven channel packs to choose from, including genres such as sports, children and lifestyle. Customers can add more channel packs _ which include about 10-17 channels on average _ for $10 each. They may also swap out channel packs after 30 days.

A grocery trade site Brickmeetsclick  has an interesting preview of Aldi's new venture.

Take a read.

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