Business

Business

Danville Housing Authority to consider Section 8 move

DANVILLE – For more than a year, Danville Mayor Scott Eisenhauer has been leading a charge to reduce the number of Section 8 vouchers in the city, and on Thursday, the Danville Housing Authority board will consider a resolution that would keep the housing authority from issuing vouchers beyond a level deemed unacceptable by the city.

Champaign County housing sales off to strong start

CHAMPAIGN – Champaign County housing sales this year are off to a better start than last year, according to figures from the Champaign County Association of Realtors.

Sales of 115 homes closed in February, up from 106 in February 2010, statistics from the association's Multiple Listing Service show.

It's Your Business: Asian restaurant reopens in Savoy

A Savoy restaurant that has a history of serving Thai and Vietnamese food has reopened under new ownership and promises to offer once again cuisine from the Indochinese peninsula.

Four months in, occupants pleased with super-efficient Equinox House

URBANA – Four months after the move-in, the Equinox House has lived up to Ty Newell's expectations.

The super-efficient house in Urbana's Beringer Commons subdivision is not only finished, but furnished.

200 join UI walkout for state workers

URBANA – More than 200 students demonstrated Friday on the University of Illinois Quad in a walkout in support of state workers in Wisconsin, Indiana, Ohio and Illinois.

They weren't all UI students. About 20 made the walk over from Urbana High School, and a similar number went south from University Laboratory School.

Lampmaker plans to ramp up production

CHAMPAIGN – Eden Park Illumination is producing a few hundred microplasma lamps every few weeks at its plant in west Champaign, co-founder Gary Eden said.

In the next 12 to 18 months, the company hopes to move to larger-scale production, said Eden, a professor of electrical and computer engineering at the University of Illinois.

Sunnycrest True Value will close April 30

URBANA – One of southeast Urbana's landmark businesses will shutter at the end of next month.

The Sunnycrest True Value Hardware store, 1303 E. Colorado Ave., will close April 30, and the building is for sale, according to owner Bob Cooper.

Arcola company notifies state of possible layoffs

ARCOLA – The Thomas Monahan Co. has notified the state that 52 people associated with the firm's former Handles USA division could be permanently laid off in April.

But company President Jon Monahan said the division's new owner will likely "be retaining a large majority" of those slated for layoff.

1 star for Centrue; 2 area banks upgraded

Centrue Bank has been downgraded from 2-star ("problematic") to 1-star ("troubled") in new ratings from the BauerFinancial bank-rating service.

The 1-star rating is the next-to-lowest rating given by BauerFinancial and a troublesome sign for the Streator-based bank, which has an office in Champaign.

It's Your Business: Marketing shift puts Pink Poodle up for sale

The Pink Poodle, Ooh, La, La in St. Joseph will close at the end of this month, unless you, dear reader, want to buy the business from the owners.