Business

Business

Vermilion officials hear of growing need for skilled workers

DANVILLE – How are John Deere tractors, BMW cars, Chiquita bananas and Kawasaki motorcycles connected with Vermilion County?

Companies here do business with them, and those companies are looking for skilled workers for good-paying jobs, such as engineers, graphic designers, computer programmers and more.

 

Topflight Grain lowers area's corn-yield projections for 2008

BEMENT – After two consecutive years of proclaiming "monstrous" corn yields for the area, officials at Topflight Grain are projecting slightly lower yields for 2008.

Teams of crop scouts sampling the corn population at random fields throughout Piatt, Champaign, Macon, Moultrie and Douglas counties between Friday and Tuesday for the 25th annual Topflight Grain Crop Tour found corn yields down a little from last year.

Provena Covenant Medical Center loses tax exemption again

URBANA – Provena Covenant Medical Center will lose its property-tax exemption once again.

The 4th District Appellate Court on Wednesday afternoon sided with the Illinois Department of Revenue and local taxing authorities and ruled against the hospital, overturning a circuit-court ruling from last summer that restored Covenant's exemption.

Strategic Capital Bank censured over 'unsafe' practices

CHAMPAIGN – Federal and state regulators have ordered Champaign-based Strategic Capital Bank to stop engaging in what they call "unsafe or unsound banking practices."

On Aug. 14, the Federal Deposit Insurance Corp. and the Illinois Department of Financial and Professional Regulation issued a "cease-and-desist order" against the bank, prohibiting it from increasing total assets, demanding that it increase its capital and barring it from accepting or renewing brokered deposits.

White Horse Inn set to reopen

CHAMPAIGN – A new team plans to reopen the White Horse Inn in the next week or so, hoping to restore the popularity the campus watering hole once enjoyed.

Local real estate agent Tim Hoss Jr. said he's teaming with Aidas Mattis and Blair Schober to take over the restaurant at Second and Green streets. The building has been vacant since the previous operator closed in November.

Provena loses tax exemption again in appellate court ruling

URBANA – Provena Covenant Medical Center will lose its property tax exemption once again.

The 4th District Appellate Court on Wednesday afternoon sided with the Illinois Department of Revenue and local taxing authorities and ruled against the hospital, overturning a circuit court ruling from last summer that restored Covenant's exemption.

Blockbuster Video closes South Neil store after lease expires

CHAMPAIGN – Blockbuster Video has closed its store at 1305 S. Neil St., C, leaving two remaining locations in Champaign-Urbana.

The store closed Sunday after its lease expired, according to Randy Hargrove, spokesman for the Dallas-based chain.

Area post offices to shorten hours Saturday

CHAMPAIGN – Post offices in Champaign and Urbana will have modified hours this Saturday, postal officials say.

The main Champaign post office at 2001 N. Mattis Ave., C, will be open from 9 a.m. to noon, and the Neil Street station at 600 N. Neil St., C, will be open from 8 a.m. to noon. Station "A" at 302 E. Green St., C, will be closed.

Company dismantling old Staley grain elevator to recycle wood

CHAMPAIGN – A familiar landmark for more than 100 years on the west side of Champaign will soon be gone.

The old grain elevator on Illinois 10 near Staley Road is being taken down piece by piece over the next two weeks.

Grants awarded to three Gibson City businesses

GIBSON CITY – Three businesses in Gibson City will be getting improvements to their buildings after the council approved grants from a tax increment financing district for the work.

The grants provide: