Business http://wuis.org en Former Illiopolis Plant Nearly Demolished http://wuis.org/post/former-illiopolis-plant-nearly-demolished <p>State environmental regulators say a former plastics plant in central Illinois where a 2004 explosion killed five people is now all but demolished and cleaned up.<br />&nbsp;<br />The explosion at the Formosa Plastics plant in Illiopolis happened on April 23,<br />2004. Federal safety officials ruled a worker mistakenly opened a valve on a<br />high-temperature reactor. The small town is 25 miles east of Springfield.<br />&nbsp;<br />Illinois Environmental Protection Agency spokeswoman Kim Biggs tells The State Thu, 03 Apr 2014 17:01:21 +0000 Associated Press 22236 at http://wuis.org Former Illiopolis Plant Nearly Demolished Alert Lifted At Illinois Nuclear Plant http://wuis.org/post/alert-lifted-illinois-nuclear-plant <p>An alert imposed after smoke was spotted at the Quad Cities Generating Station in western Illinois was lifted after eight hours. &nbsp;</p><p>Exelon Generation officials say the smoke was spotted Wednesday after a pipe released water onto an electrical system. &nbsp;<br />Spokesman William Stoermer says Quad Cities Unit 2 had been removed from service Monday so workers could replace a valve. The unit was in being restarted when smoke was detected around 1:40 p.m. The alert was lifted around 9:30 p.m. &nbsp;</p> Thu, 03 Apr 2014 15:21:53 +0000 Associated Press 22228 at http://wuis.org Alert Lifted At Illinois Nuclear Plant Business Report: Chamber Search, Grocery Aisles Go "Local" and Gold's Gym http://wuis.org/post/business-report-chamber-search-grocery-aisles-go-local-and-golds-gym <p>The State Journal-Register's Business Editor Tim Landis discusses the bankruptcy of Gold's Gym, which plans to remain open.&nbsp;</p><p>Also, the Greater Springfield Chamber of Commerce's search for a new Director and Shop N Save's plans to "localize" its stores.&nbsp;</p><p>Read the latest stories from Tim in the <a href="http://www.sj-r.com/">SJ-R.</a></p><p></p> Tue, 01 Apr 2014 21:18:21 +0000 Sean Crawford 22100 at http://wuis.org Business Report: Chamber Search, Grocery Aisles Go "Local" and Gold's Gym Business Report: Hy-Vee Hiring, High Speed Rail and Farmland Prices http://wuis.org/post/business-report-hy-vee-hiring-high-speed-rail-and-farmland-prices <p></p><p>On this week's WUIS / <a href="http://www.sj-r.com/">State Journal-Register Business</a> Report,&nbsp; hundreds have been hired to work at the new Hy-Vee store on Springfield's MacArthur Boulevard.&nbsp; But we still don't know an opening day for the store.&nbsp; And, a Girard grocery store that's been in place for a century changes hands.&nbsp;</p><p>WUIS' Sean Crawford also talks with the SJ-R's Business Editor Tim Landis about work getting closer on the Carpenter Street underpass and what, if anything, can we read into farmland prices flattening out in 2013.</p><p></p> Tue, 25 Mar 2014 22:28:39 +0000 Sean Crawford 21631 at http://wuis.org Business Report: Hy-Vee Hiring, High Speed Rail and Farmland Prices Slow Economic Growth Due To Harsh Winter Weather http://wuis.org/post/slow-economic-growth-due-harsh-winter-weather <p></p><p>Illinois' economic growth slowed in February and a University of Illinois economist says you can probably blame it on the weather.&nbsp;</p> Tue, 04 Mar 2014 15:56:28 +0000 Associated Press 20140 at http://wuis.org Slow Economic Growth Due To Harsh Winter Weather Illinois Products Expo This Weekend http://wuis.org/post/illinois-products-expo-weekend <p>Some of the best Illinois has to offer will be on display this weekend in Springfield.&nbsp; It's the annual <a href="https://www.agr.state.il.us/marketing/expo/">Illinois Products Expo</a> at the Orr Building on the state fairgrounds.&nbsp; More than 70 companies will be represented. &nbsp;<br /><br />Jennifer Tyree,&nbsp; Bureau Chief of Marketing and Promotions with the Illinois Department of Agriculture, says it's a variety of offerings.</p> Wed, 26 Feb 2014 14:45:00 +0000 Sean Crawford 19706 at http://wuis.org Illinois Products Expo This Weekend Business Report: Car Insurance Claims Up; PCCC Reality Show? http://wuis.org/post/business-report-car-insurance-claims-pccc-reality-show <p></p><p>Auto insurance claims are up in what has been an especially cold and snowy winter across central Illinois.&nbsp; State Journal-Register Business Editor Tim Landis talks with WUIS' Sean Crawford on that topic as well as the possibility of a reality show featuring the Prairie Capital Convention Center and how supermarkets are helping the Central Illinois Foodbank with donations.</p><p></p> Tue, 11 Feb 2014 22:38:59 +0000 Sean Crawford 18788 at http://wuis.org Business Report: Car Insurance Claims Up; PCCC Reality Show? WUIS / SJ-R Business Report: New Downtown TIF, Bank Mergers http://wuis.org/post/wuis-sj-r-business-report-new-downtown-tif-bank-mergers <p>The <a href="http://www.sj-r.com/">State Journal-Register's</a> Business Editor Tim Landis talks with WUIS' Sean Crawford about an effort to create a new downtown tax increment financing district in Springfield, community banks getting bigger and more ID checks for certain purchases. &nbsp;</p><p></p><p></p> Tue, 28 Jan 2014 20:38:00 +0000 Sean Crawford 17813 at http://wuis.org WUIS / SJ-R Business Report: New Downtown TIF, Bank Mergers One-Third Of Illinois Homes "Underwater" http://wuis.org/post/one-third-illinois-homes-underwater <p>A new report says almost one-third of Illinois homes are ``deeply underwater'' meaning that they're worth at least 25 percent less than what's owed on the loans.&nbsp;</p><p>The report released Thursday by Irvine, Calif.-based RealtyTrac says that represents almost 775,000 Illinois homes. The report is based on data from December. &nbsp;</p><p>Only Nevada and Florida fare worse, with 38 percent and 34 percent of homes deeply underwater, respectively.&nbsp;</p><p>But the report has some good news.</p><p>Nationally, the percentage of deeply underwater homes is falling. &nbsp;</p> Thu, 09 Jan 2014 14:41:48 +0000 Associated Press 16578 at http://wuis.org One-Third Of Illinois Homes "Underwater" Auto Insurance On The Rise http://wuis.org/post/auto-insurance-rise <p>Illinois drivers should get ready to pay more for insurance. &nbsp;<br />Crain's Chicago Business reports (http://bit.ly/1ggCmGt ) major insurers in Illinois are raising rates. &nbsp;<br />Northbrook-based Allstate says in a regulatory filing that rates for customers will climb between 2.5 and 3.5 percent later this month. &nbsp;<br />Esurance rates are rising about 3.2 percent in late January, while Geico expects to boost prices by 2 to 3 percent in March. &nbsp;</p> Thu, 09 Jan 2014 00:02:05 +0000 Associated Press 16552 at http://wuis.org Auto Insurance On The Rise Suit Filed In Chicago Over Target Security Breach http://wuis.org/post/suit-filed-chicago-over-target-security-breach <p>At least one Illinois resident has joined those suing Target after the retail giant disclosed hackers stole millions of customer accounts. &nbsp;</p><p>Chicago-area woman Chandra McPherson is the named plaintiff in a class-action lawsuit filed this week in federal court in Chicago. Similar lawsuits have been filed in other states. &nbsp;</p> Fri, 27 Dec 2013 11:13:43 +0000 Associated Press 15798 at http://wuis.org Suit Filed In Chicago Over Target Security Breach Quad Cities Vying For Boeing Plant http://wuis.org/post/quad-cities-vying-boeing-plant <p>Northwestern Illinois officials want to team up with their Iowa counterparts to woo a Boeing plant that could bring more than 8,500 jobs to the Quad Cities. &nbsp;</p><p>The (Moline) Dispatch reports (http://bit.ly/1c7choJ ) the Bi-State Regional Commission sent a letter to the two states' governors asking them to promote a regional bid for the multibillion dollar assembly plant. &nbsp;<br />The letter was signed by community leaders in Moline, Rock Island, East Moline and Rock Island County in Illinois along with Iowa officials from Davenport, Bettendorf and Scott County. &nbsp;</p> Thu, 26 Dec 2013 15:10:45 +0000 Sean Crawford 15744 at http://wuis.org Quad Cities Vying For Boeing Plant Lawmaker Wants Boeing Plant For Decatur http://wuis.org/post/lawmaker-wants-boeing-plant-decatur <p>An Illinois lawmaker says he wants Boeing Co. to build a new manufacturing plant in Decatur. &nbsp;<br />The Springfield bureau of Lee Enterprises Newspapers reports (http://bit.ly/18GfBqF ) Forsyth Republican Rep. Bill Mitchell is hoping the Chicago-based aerospace company will build its new factory in the central Illinois community. &nbsp;</p><p>Boeing is looking for a location to build its new 400-seat 777X jetliner. &nbsp;<br />Boeing is looking at a $7 billion to $10 billion plant that would start with 3,250 workers in 2018 and grow to 8,500 by 2024. &nbsp;</p> Fri, 13 Dec 2013 15:43:25 +0000 Associated Press 14939 at http://wuis.org Lawmaker Wants Boeing Plant For Decatur Ameren Told To Lower Rates http://wuis.org/post/ameren-told-lower-rates <p>Utility regulators say Ameren Illinois needs to lower<br />its electricity delivery rate in 2014.<br />&nbsp;<br />The (Decatur) Herald &amp; Review reports (http://bit.ly/1bsYiJy ) the Illinois Commerce Commission says the utility needs to cut its delivery rate by $45<br />million.<br />The decision was announced Monday during an annual review and is set to take effect starting Jan. 1.<br />&nbsp;<br />Ameren officials say they're still reviewing the ruling.&nbsp;&nbsp;&nbsp; They had planned to lower the delivery rate by $37 million.&nbsp; Tue, 10 Dec 2013 14:45:48 +0000 Associated Press 14667 at http://wuis.org Ameren Told To Lower Rates WUIS / SJ-R Business Report: Nov. 26, 2013 http://wuis.org/post/wuis-sj-r-business-report-nov-26-2013 <p>WUIS' Sean Crawford talks with the State Journal-Register's Tim Landis about outlet malls planned for Springfield.&nbsp; Are there enough shoppers to support all the stores?</p><p>We also discuss an expansion for Springfield Clinic and the shutdown of the final unionized mine in the state of Illinois.</p><p> Tue, 26 Nov 2013 17:55:37 +0000 Sean Crawford 13791 at http://wuis.org WUIS / SJ-R Business Report: Nov. 26, 2013 Sangamon County Businesses See Economic Growth Amid Concerns http://wuis.org/post/sangamon-county-businesses-see-economic-growth-amid-concerns <p>What do Sangamon County employers see in the year ahead?&nbsp; The <a href="http://cspl.uis.edu/surveyresearchoffice/">fall economic outlook survey</a> shows they have a positive outlook about their individual business and sector, but not about the overall economy.&nbsp; As for jobs, nearly half expect employment rates to stay stagnant. &nbsp;</p> Wed, 20 Nov 2013 21:08:22 +0000 Sean Crawford 13430 at http://wuis.org Sangamon County Businesses See Economic Growth Amid Concerns IDNR: Fracking At Least A Year Away In Illinois http://wuis.org/post/idnr-fracking-least-year-away-illinois <p>Illinois environmental officials say it will be at least a year until the start of hydraulic fracturing in the state. &nbsp;<br />The (Springfield) State Journal-Register reports (http://bit.ly/1aG4YUf ) new state regulations for the practice are nearly complete. &nbsp;</p><p>That's according to Marc Miller, the director of the Illinois Department of Natural Resources. &nbsp;<br />But Miller says it will take months before permits are issued. That's because the state still needs to hold public hearings and collect comments. &nbsp;</p> Thu, 14 Nov 2013 14:44:25 +0000 Associated Press 13001 at http://wuis.org IDNR: Fracking At Least A Year Away In Illinois WUIS/SJ-R Business Report: Nov. 12, 2013 http://wuis.org/post/wuissj-r-business-report-nov-12-2013 <p>WUIS' Sean Crawford talks with the State Journal-Register's Business Editor Tim Landis about major road projects in the Springfield area, Illinois' stake in ethanol amid questions about it's environmental impact and the fitness boom continues with the opening of another new fitness center in the capital city.</p><p>You can also read the latest stories Tim is working on at SJ-R.com</p> Tue, 12 Nov 2013 16:21:01 +0000 Sean Crawford 12858 at http://wuis.org WUIS/SJ-R Business Report: Nov. 12, 2013 Greg Baise: Illinois Has To Compete For Jobs http://wuis.org/post/greg-baise-illinois-has-compete-jobs <p>A key Illinois business leader says the state is facing tough competition when it comes to keeping jobs.&nbsp; Greg Baise is President of the Illinois Manufacturer's Association.&nbsp; He says controversial legislation in Illinois that would offer tax breaks to certain firms is an effort to keep pace.</p><p>Among the firms, agribusiness leader Archer Daniels Midland, which wants to move it's corporate headquarters from Decatur to a larger city.&nbsp; Illinois and other states are wooing the company with promises of tax incentives.</p> Mon, 04 Nov 2013 12:22:00 +0000 Sean Crawford 12099 at http://wuis.org Greg Baise: Illinois Has To Compete For Jobs State Farm Could Move Some Jobs From Central Illinois http://wuis.org/post/state-farm-could-move-some-jobs-central-illinois <p>State Farm Insurance Co. says it will likely move at least some of its claims services employees out of Bloomington. &nbsp;</p><p>State Farm spokeswoman Holly Anderson said Friday that the company told employees this week that the potential move is being studied. &nbsp;</p><p>The Bloomington-based company wouldn't say how many workers could be involved, where the jobs could be moved to or when. The Pantagraph newspaper in Bloomington reported that as of 2011 1,600 people worked at the center where the claims workers are based. &nbsp;</p> Fri, 01 Nov 2013 22:57:04 +0000 Associated Press 12211 at http://wuis.org State Farm Could Move Some Jobs From Central Illinois Federal Report Supports FutureGen http://wuis.org/post/federal-report-supports-futuregen <p>A final recommendation is still pending but the U.S. Department of Energy has said in a report that the FutureGen project in Morgan County should go ahead. &nbsp;<br />The agency released the final environmental study on Wednesday. It says the clean-coal project should receive $1 billion in federal funding. The State Journal-Register reports (http://bit.ly/17uijEH) a final decision on if the $1.65 billion project should come by the end of the year. &nbsp;</p> Thu, 31 Oct 2013 14:36:54 +0000 Associated Press 12065 at http://wuis.org Federal Report Supports FutureGen ADM Eyeing Atlanta For Headquarters? http://wuis.org/post/adm-eyeing-atlanta-headquarters <p>Archer Daniels Midland is on the lookout for a new home for its world headquarters.&nbsp; And it&#39;s not being limited to the midwest.&nbsp; The Atlanta Journal-Constitution <a href="http://www.ajc.com/news/business/atlanta-could-be-in-fortune-500-companys-sights/nbLSP/">reports </a>ADM leaders met with Atlanta officials.<br /><br />ADM has said it won&#39;t comment on sites in the running.&nbsp;&nbsp; Other reports this week has the company looking at Minneapolis.&nbsp; Chicago and St. Louis have also been mentioned as possibilities.<br /> Fri, 11 Oct 2013 21:46:30 +0000 Sean Crawford 10799 at http://wuis.org ADM Eyeing Atlanta For Headquarters? Incentive Plan To Keep ADM Headquarters In Illinois http://wuis.org/post/incentive-plan-keep-adm-headquarters-illinois <p>A proposed incentive package created to persuade Archer Daniels Midland Company to keep its global headquarters in Illinois is sparking debate among lawmakers. &nbsp;<br />The proposal would give ADM a 10 percent break on utility taxes for up to 30 years and an income-tax credit. It&#39;s expected to be discussed at an Illinois House committee meeting Tuesday. &nbsp;<br />ADM announced last week it plans to move its global headquarters out of Decatur. &nbsp; Mon, 30 Sep 2013 23:39:00 +0000 Associated Press 9979 at http://wuis.org Incentive Plan To Keep ADM Headquarters In Illinois ADM To Move Headquarters From Decatur http://wuis.org/post/adm-move-headquarters-decatur <p>Agribusiness giant Archer Daniel Midland Company says that after 44 years in Decatur, Ill., it is looking for a new location for its headquarters.<br>&nbsp;<br>CEO Patricia Woertz says in a news release Monday that ADM needs what she called a global center with better access to customers and employees around the world.&nbsp;<br>The company says it doesn't plan layoffs and will keep a workforce of 4,400 in Decatur, which also will become ADM's North American headquarters.&nbsp; ADM says the new headquarters would have about 100 employees.<br>&nbsp; Mon, 23 Sep 2013 19:30:05 +0000 Associated Press 9487 at http://wuis.org ADM To Move Headquarters From Decatur WUIS/SJ-R Business Report: August 27, 2013 http://wuis.org/post/wuissj-r-business-report-august-27-2013 <p></p><p>The State Journal-Register's Business Editor Tim Landis joins us to talk about the possibility of faster freight trains along Springfield's Third Street corridor and an upcoming corn crop survey in Sangamon County:</p><p></p> Tue, 27 Aug 2013 19:51:51 +0000 Sean Crawford 7939 at http://wuis.org WUIS/SJ-R Business Report: August 27, 2013 WUIS / SJ-R Business Report: August 6, 2013 http://wuis.org/post/wuis-sj-r-business-report-august-6-2013 <p></p><p>The State Journal-Register's Tim Landis talks about efforts to expand the downtown Springfield Historic District, a new prototype store for Land of Lincoln Goodwill Industries and a look at agriculture, a year after the drought.&nbsp;</p><p></p> Tue, 06 Aug 2013 21:27:07 +0000 Sean Crawford 6859 at http://wuis.org WUIS / SJ-R Business Report: August 6, 2013 ADM Reports Lower Net Income, Higher Costs http://wuis.org/post/adm-reports-lower-net-income-higher-costs <p>Archer Daniels Midland says its net income fell 22 percent in the second quarter as expenses climbed.&nbsp;<br>The agribusiness company also says it more than doubled its provision for a possible settlement of an overseas bribery probe that's being conducted by the<br>federal government.&nbsp;</p> Tue, 06 Aug 2013 17:14:01 +0000 Sean Crawford 6840 at http://wuis.org ADM Reports Lower Net Income, Higher Costs WUIS / SJ-R Business Report: July 23, 2013 http://wuis.org/post/wuis-sj-r-business-report-july-23-2013 <p>On this week's business report, we get an update on high speed rail work.&nbsp;&nbsp; $1.45 billion in contracts awarded now in Illinois; mostly for rail upgrades but still a lot of work to get to 110 mph trains on two-thirds of St. Louis-Chicago route in late 2015.<br>Also, the Outlets at Springfield; A Pennsylvania developer David Ober says construction in Legacy Pointe,just south of Scheels will begin as soon as planners approve the large-scale design.&nbsp; It could open next year and promises more than 80 stores and 800 to 900 jobs. Tue, 23 Jul 2013 17:18:00 +0000 Sean Crawford 6162 at http://wuis.org WUIS / SJ-R Business Report: July 23, 2013 WUIS / SJ-R Business Report: July 16, 2013 http://wuis.org/post/wuis-sj-r-business-report-july-16-2013 <p></p> Tue, 16 Jul 2013 16:38:57 +0000 Peter Gray 5819 at http://wuis.org WUIS / SJ-R Business Report: July 16, 2013 WUIS / SJ-R Business Report: July 9, 2013 http://wuis.org/post/wuis-sj-r-business-report-july-9-2013 <p>The State Journal Register's Tim Landis talks with Sean Crawford about efforts to get a Schnucks' grocery store on Springfield's east side, a couple of bank mergers in the area and what might be Springfield's oldest fitness center is up for sale.</p><p> Read the latest business stories in the <a href="http://www.sj-r.com/">SJ-R</a></p> Tue, 09 Jul 2013 23:20:02 +0000 Sean Crawford 5486 at http://wuis.org WUIS / SJ-R Business Report: July 9, 2013