Economy

Economy

Danville City Council panel to weigh extension on loan payback

DANVILLE — Kohl's is open and selling, and the walls of the T.J. Maxx store are going up, but the city still hasn't received the federal grant money it needs to cover the $600,000 it took out of its general fund in 2011 to complete the $2 million incentive package for the retail development on North Vermilion Street.

Business calendar April 7, 2013

Tuesday, April 9

Building permits April 7, 2013

Listed are recent permits for all commercial and industrial work, all new single-family and multifamily residences and all residential remodeling over $50,000.

Permits are listed by applicant, location, description and cost.

CHAMPAIGN

Weger & Associates, addition to Mattis Avenue Free Methodist Church at 1913 S. Mattis Ave., $1,237,721.

It's Your Business: Food truck, brewery teaming up Saturday

Two diverse businesses are joining forces for a special event on Saturday.

The Cracked Truck, a food truck that serves breakfast sandwiches, burritos, veggie wraps and specialty tater tots, will park across the street from Triptych Brewing at 1703 Woodfield Drive, Savoy, from noon to 3 p.m.

Quarterly, yearly losses reported for Easton-Bell

RANTOUL — Easton-Bell Sports reported dismal fourth-quarter and full-year results last week, a little over a month after both its chief executive officer and chief operations officer resigned.

Net sales for the quarter were $183.5 million, down 11.4 percent from a year earlier. Consequently, net sales for the year amounted to $827.2 million, down 1 percent from the previous year.

More development planned near Rantoul Walmart

RANTOUL — Further development of the South Murray Road area near Walmart Supercenter in west Rantoul is expected to begin this spring.

Rural Rantoul farmer/businessman Joe Warner said work will begin on the 45-acre Stonebridge commercial property west of Murray Road plus a project east of that area.

Flash index drops in March

URBANA — The University of Illinois flash index registered a slight drop in March, indicating a slowing of economic growth in Illinois.

The index slid from 104.8 in February to 104.7 in March, according to the UI's Institute of Government and Public Affairs.

Danville won't enforce rules on temporary signs

DANVILLE — The city of Danville has decided it will not make businesses take down their temporary signs for now, and in the meantime, aldermen will discuss a possible rewrite of the city's temporary sign ordinance.

Local governments' finances getting back to pre-recession levels

It took a while, but the three biggest local governments in Champaign County either have finally regained their financial footing from the recession of 2008, or they expect to do so this year.

Home sales, prices up in February from year earlier

CHAMPAIGN — February home sales in the Champaign County area were up 13.5 percent from a year earlier, the Champaign County Association of Realtors reported.

The association's Multiple Listing Service said 109 single-family homes were sold in February, up from 96 homes in February 2012.

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