economy

St. Louis all but declared victory after the National Geospatial-Intelligence Agency’s director gave the city the nod earlier this month for a new $1.75 billion facility.

Yet officials across the river aren’t giving up on a 182-acre site in St. Clair County.

People
Illinois Information Service

A change in state policy aims to help more offenders get a job when they get out of prison.

Coal
Facebook

Miners from all over the region rallied in Harrisburg Thursday night, hoping to raise awareness of the effects recent energy proposals have had on their industry.

people
Paul Simon Public Policy Institute

WSIU's Jennifer Fuller talks with Illinois Department of Employment Security Director Jeff Mays.

Murphysboro Landmark To Make Way for New Development

Feb 22, 2016
WSIU/Kevin Boucher

The site of the Apple Tree Inn, at the Intersection of Illinois Routes 13 and 127 in Murphysboro, has had a variety of hotels and motels since the 1960s.  Lately, however,  the well-known landmark  has fallen into disrepair and is being demolished to make way for a mixed business site including a restaurant, gas station hotel and other businesses.

Joe Koppeis, a Columbia Illinois-based developer says the new construction should begin in one to two months.

Small business owners in southern Illinois say they're shocked to learn one of their resources may soon have to close its doors.

Governor Bruce Rauner says action he has taken without the General Assembly will help the state attract businesses and jobs. 

IDOT Accepting Input for the Shawnee Parkway

Jan 27, 2016
WSIU/Kevin Boucher

The Illinois Department of Transportation is conducting a study and is encouraging public input on the proposed Shawnee Parkway, which would run from Paducah Kentucky to Cape Girardeau Missouri.  Through March 15th, 2016, the public is able to go online and comment on the projects.  The website is:

http://www.shawneeparkway.org/

Investments from the Delta Regional Authority will directly benefit four southern Illinois communities.

Gov. Bruce Rauner’s budget office released three-year budget projections today. According to the estimate, if Illinois remains on its current fiscal path, the sate’s backlog of unpaid bills would swell to nearly $25 billion by Fiscal Year 2019.

Consumers may like the ability to shop online and avoid paying state and local sales taxes, and many online retailers may like the competitive advantage the arrangement provides them over “bricks and mortar” businesses across the country, but U.S. Sen. Dick Durbin, D-Ill. says the situation has a significant price.

“It’s really not fair to say to that store down the block that’s paying rent and paying property taxes and collecting sales tax (that) we’re going to put them at a disadvantage to their Internet counterparts.”

While many people aren't thinking about holiday shopping yet, business leaders are - and they want you to think local this year.

Despite the U.S. being reliant on China for exports, many Americans have a hard time understanding what is taking place with the world's largest economy. 

We figured it was a good time to bring in Roy Wehrle, Professor Emeritus of Economics at the University of Illinois Springfield. 

A Federal Grant totalling $608,466 has been awarded to the Southern Illinois Collegiate Common Market to help older workers ease back into the workforce.  WSIU's Kevin Boucher recently spoke to the Grants Coordinator, Tracy Norris about how this money will impact southern Illinois.

Despite another bloody day on the Chinese markets, stocks around the world stabilized on Tuesday.

The Shanghai Composite continued its slide, ending the day 7.6 percent lower and below 3,000 for the first time since December. The plunge is the biggest since 1996. The European markets, however, seemed to shrug off the Chinese rout.

The Wall Street Journal reports:

WSIU's Jennifer Fuller reports the morning's news and weather for July 1, 2015.

An organization that strives to create jobs and improve the lives of people in eight states says the southern Illinois economy is poised for good things in the future.

Delta Regional Authority Federal Co-Chair Chris Masingill says the region is working hard to develop entrepreneurs and small businesses to boost local communities. He says this is one of the keys in creating new jobs.

www.redco.org

Herrin's former Maytag plant is under new ownership.

Private equity investor Gov. Bruce Rauner often says his goal is to make Illinois more competitive.

At a recent speech to business owners, he sang Illinois' praises. He says the state has the hardest working people, the best location and the most fertile farms.

The president of Wiley Office Furniture, Zach Hoffman, agrees with Rauner.

WSIU Radio

The price of gas in Illinois is up slightly. The statewide average for Illinois is now $3.90, according to the AAA Fuel Gauge report.

The long-struggling city of Cairo wants to rejuvenate its economy, and it is asking for its residents' help in the taxpayer-funded effort.

Pepsi MidAmerica is expected to bring about 74 jobs to southeast Missouri when it becomes the first tenant in a Cape Girardeau business park.

Archer Daniels Midland has selected Chicago as the new home for its global headquarters.

ADM Considers HQ Move

Sep 24, 2013

After 44 years as the world headquarters for Archer Daniels Midland, the central Illinois town of Decatur is about to lose that title.

stock photo

Governor Pat Quinn joined with local leaders to open a rail spur aimed at helping one of the region's largest employers increase jobs.

The unemployment rate in Illinois increased slightly in June while manufacturers and local governments cut more jobs than they added.

Gov. Pat Quinn will lead a trade mission to Mexico this week in an effort to increase ties between that nation and Illinois.

A report from the Chicago-based Civic Federation predicts that Illinois' backlog of unpaid bills will reach nearly $22 billion within five years without legislative action to hold down pension costs.

The watchdog group notes some improvement since last year when it was forecasting a $35 billion backlog in overdue bills. The improved outlook is largely because of $1.6 billion in Medicaid cuts Gov. Pat Quinn signed into law last year.

stock photo

Continental Tire of the Americas plans to invest $129 million at its Mount Vernon plant in an expansion project that will create more than 100 new full-time jobs over the next three years.

Company officials say the expansion is needed because of increased demand for Continental and General brand tires. Vice President of Manufacturing Benny Harmse says the project includes $95 million to expand the company's commercial vehicle tire production. Other funds will be used to expand a warehouse and upgrade equipment.

Standard & Poor's rating services has lowered Illinois' credit rating, blaming the state's pension problems.

Pages