Greater Peoria Economic Development Council

Tim Shelley / WCBU

More than five months after the COVID-19 pandemic shut down large segments of the economy, trends indicate a slow recovery has started. According to figures from the Greater Peoria Data Hub, consumer spending is on the rise and unemployment is declining.

Courtesy Natural Fiber Welding, Inc.

Natural Fiber Welding Inc., a Peoria company developing plant-based alternatives to leather and plastics, has raised $13 million in new investments, with Ralph Lauren Corp. leading the latest round of financing.

The City of Peoria Council will receive $1.4 million in federal assistance to help small businesses adversely affected by the COVID-19 pandemic.

An additional $400,000 has been awarded to the Greater Peoria Economic Development Council. The U.S Commerce Department announced the CARES Act Recovery Assistance grants on Wednesday.

The federal money for Peoria is aimed at assisting business owners as they work to rebound from financial instability. The aid will be dispersed through a revolving loan fund.

The Peoria Innovation Hub is now officially redubbed Distillery Labs.

MICHEL EULER / AP PHOTO

There are just a couple days left for Peoria area businesses to apply for grants to help them get through the COVID-19 crisis.

Illinois Department of Employment Security

Illinois unemployment claims skyrocketed from 10,000 the week ending March 14 to more than 114,000 the following week.

Tim Shelley / WCBU

Chris Setti will temporarily serve as the head of both the Greater Peoria Economic Development Council and the Peoria Area Chamber of Commerce.

Courtesy OSF HealthCare

The Peoria Innovation Hub is gaining forward momentum.

Governor J.B. Pritzker will be in Peoria Monday to kick off the next steps for the hub. It’s an affiliate of the University of Illinois’ Discovery Partners Institute in Chicago and the Illinois Innovation Network

Michelle Conger is the Chief Strategy Officer for OSF HealthCare, one of the partners in the project. 

Many young people leave the Peoria area for other cities when they start out on their own. But around Thanksgiving, they head home.

Tim Shelley / WCBU

The president of the Federal Reserve Bank of Chicago says the economy is still going strong - but also faces some short and long-term challenges. 

Dana Vollmer / WCBU

Peoria-area community and economic development groups want to redefine their corner of Central Illinois — and they’re asking for input from residents to do so.

Peoria Innovation Alliance

Entrepreneurs met Wednesday in Peoria's Warehouse District for some serious food talk. 

The inaugural Greater Peoria Food Innovation Meetup at Sous Chef attracted a large crowd of people who make food their business across Central Illinois. 

"There's a whole different slew of products in the food arena that really qualify as innovation, but maybe not innovation as we would usually define it," said Tory Dahlhoff, the rural development coordinator for the Greater Peoria Economic Development Council. 

Illinois Central College

A new Workforce Development Center at Illinois Central College's East Peoria campus will receive a total of $9 million in government funding.

There are a lot of different ideas for filling the grocery gap on Peoria’s South Side and East Bluff. 

AP Photo/Nati Harnik / Associated Press

People have been leaving rural midwestern areas for decades. And it’s not just population loss. Often fresh food sellers move away too. There might be hope, though.

Autonomous Stuff vehicle
WCBU Staff

PEORIA -- Last week, Morton's AutonomouStuff started up a self-driving vehicle pilot project in downtown Peoria. But this could only be the beginning for the technology’s future in Central Illinois.

Peoria Public Radio/Kristin McHugh

Shopping locally everyday improves our daily lives. That’s the message of the new Shop Local 365 initiative launched Tuesday in Peoria.

Creative Commons

The country’s low unemployment rate is challenging companies seeking workers with specific skills. The Labor Department says the nation’s May unemployment rate was 3.8 percent, an 18-year low. The metropolitan Peoria rate is 4.1 percent.

Greater Peoria EDC

The Greater Peoria Economic Development Council will have a new executive director at the helm in the new year.

Civic Groups Claim Peoria Economy's Strength

Feb 3, 2017
Roger Wollstadt / Wikimedia Commons

Three regional groups got together yesterday to compare and share notes about the strength and diversity of the local economy. 

Peoria area workers at Caterpillar and other companies who suddenly find themselves out of work will be getting help finding employment in the region.

Peoria area workers at Caterpillar and other companies who suddenly find themselves out of work will be getting help finding employment in the region.