Business

Business

Budget plans put Urbana in red for at least a year

URBANA – The city will face budget gaps for at least the next year while revenue streams struggle to rebound following the market collapse of several years ago, but comptroller Ron Eldridge said it could be worse.

Here's some help with 2010 taxes

CHAMPAIGN – OK, you have your W-2 forms, your 1099s and all other evidence of what you made in 2010.

Now you've got to face the task of filing your state and federal income taxes.

1. Hey, dude, where's my form?

It's Your Business: El Toro 2 moving this week

Popular Mexican eatery El Toro 2 will relocate to a few blocks north of its current location in south Champaign on Wednesday.

El Toro 2 is moving from 1805 S. Neil St. to the 1920s-era White Line Laundry Building at 723 S. Neil St., C.

Local firm among finalists in business plan contest

CHAMPAIGN – A Champaign firm is one of six finalists in a business plan competition that will pay $10,000 to the winner.

Aptimmune Biologics will vie with companies from Evanston, Libertyville, Moline, Brookfield and Madison, Wis., in the 2011 Propel Business Plan Competition.

Closure would affect Willard, Flightstar; might bring opportunities

SAVOY – The closing of the University of Illinois' Institute of Aviation would have a financial impact on both Willard Airport and Flightstar, spokesmen for both entities say.

Credit union gets $450,000 for auto, credit-builder loans

RANTOUL – Community Plus Federal Credit Union has received a $450,000 federal loan and plans to use it to make auto and "credit-builder" loans in Champaign, Ford and Piatt counties.

3 more banks report earnings; all profitable

Three more banking companies with publicly traded stock recently reported fourth-quarter earnings.

MainSource Financial Group, Old National Bancorp and First Mid-Illinois Bancshares all had profitable fourth quarters in 2010.

Meijer launches online grocery-shopping service

Snowbound? Need some groceries? Don't plan on leaving your home for several days?

Grand Rapids, Mich.-based grocery chain Meijer this week has launched a new online grocery-shopping service that allows customers to purchase food and other items online, then have the items shipped to their doorstep.

Flash index up 1 point in January

CHAMPAIGN – The University of Illinois flash index increased to 95.9 in January, up from 94.9 in December.

The index remains below 100, considered the dividing line between economic growth and decline.

Even though the Illinois economy remains in a state of decline, the new figure indicates the outlook for recovery is getting brighter.

57 at Supervalu offered buyouts because of Target move

URBANA – Supervalu Inc. has made buyout offers to 57 employees of the company's distribution center in Urbana and the W. Newell & Co. specialty produce center in Champaign, the company said Tuesday.