All Business Content

All Business Content

Ameren offers to phase in a rate increase

SPRINGFIELD – On Thursday, Ameren Corp. offered to phase in an expected electricity rate hike, but only if it can make up the difference by charging customers more down the road.

A state-ordered freeze on residential electricity rates is scheduled to expire at the end of this year, and the Illinois Commerce Commission has approved a plan to hold an auction this fall to set new market prices for power. The new rates would kick in Jan. 1.

Director leaving position this week

MONTICELLO – Monticello Economic Development Director MaryJo Hetrick has resigned and will be leaving her office at the end of this week.

"I'd looked at leaving by the end of the month, but after meeting again with (Superintendent of City Services) Floyd (Allsop) last week, the decision was made my last day would be Friday," Hetrick said. "I just decided this was a good time to move on. I'm not sure what I'm going to do. Ideally, I probably should move out to California where my husband is. I've got a headhunter looking for me out there."

It's your business: Danville mall to get sportswear franchise

Steve & Barry's University Sportswear will open a 50,000-square-foot store at the Village Mall in Danville this summer.

Opening day is set for July 26.

Champaign-based company busy brokering deals in crop genetics

CHAMPAIGN – Seed companies have become a hot commodity as biotechnology giants seek more ways to get their crop-genetics technology to market.

During the last decade, Monsanto Co. acquired Asgrow and DeKalb Genetics. DuPont absorbed Pioneer Hi-Bred. And Syngenta acquired NK, Garst and Golden Harvest seeds.

Habitat for Humanity project reaches home stretch

CHAMPAIGN – As Monday morning dawned, the house on North Hickory Street was little more than a foundation.

By 11 a.m., the framing was done. By mid-afternoon, the windows and doors were in, and workers were nearly finished with the roof. By 6 p.m., they had starting on the siding.

Savoy Plaza project will start Monday

SAVOY – Work will begin Monday on a $9 million remodeling of the Savoy Plaza, with a new Schnucks grocery as the centerpiece.

Regency Properties, the Evansville, Ind.-based owner of the plaza at the corner of Curtis Road and U.S. 45, is expected to announce the redevelopment plans for the property later today.

Committee approves two picks for district board seats

URBANA – The county board's policy and personnel committee Wednesday approved Champaign County Board Chair Barbara Wysocki's nominations of incumbent Vicki Stewart and newcomer Ron Peters to seats on the MTD board.

The eight board members voted unanimously for Peters, who replaces longtime Champaign-Urbana Mass Transit District board member George Friedman. Stewart's appointment was approved 5-3, largely a split on party lines. The Democratic committee members, Tom Betz, Steve Beckett, Tony Fabri and Jennifer Putman, as well as Republican Deb Feinen, voted to retain Stewart. Republicans Greg Knott, Steve Moser and Jonathan Schroeder voted against Stewart, Wysocki said.

Details on '60s museum presented

HOOPESTON – A museum dedicated to the 1960s could bring a half-million tourists to Hoopeston, a representative told the city council.

George Pedersen, vice president and chief information officer for The Sixties Museum Inc., gave a presentation on what the city could expect if his Chicago-based organization built a proposed 40-acre campus in Hoopeston.

Mattis site moves up last collection by an hour

CHAMPAIGN – Are you the kind of person who likes to pay your bills at the last possible minute?

Or the kind of person who remembers birthdays suddenly and has to rush to get a birthday card mailed?

Fithian a possible Honda plant site

FITHIAN – More than 1,000 acres of mostly farmland near Fithian may be under consideration by Honda as a site for its newest North American assembly plant.

Earlier this month, the automaker announced that it was looking for a Midwest site for its sixth plant.