economy

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.

SEIU Cuts
SEIU

Around a dozen members of the Service Employees International Union gathered outside the Federal Building in Carbondale to urge Senator Dick Durbin to make strengthening the nation's economy his number one priority.

Experts predict that Illinois could lose $1 billion in federal grants if leaders in Washington allow the nation to fall off the so-called ``fiscal cliff.''

The Illinois Department of Employment Security says a federal program that provided unemployment insurance beyond the state's initial 25-week coverage will expire December 29th.

BRP

Bombardier Recreational Products Friday announced it will exit the sport boat business over the coming months and close its manufacturing facility in Benton.

WSIU Radio's Jennifer Fuller talks with Jackson Growth Alliance Executive Director Jeff Doherty about the organization and its plans for a high-tech zone around the Southern Illinois Airport.

WSIU Radio's Jennifer Fuller hosts Eye on The Market with financial expert David England. In this segment, an update on the status of the global economy as well as a closer look at options.

Pages