Business News

By Peter Hancock, Capitol News Illinois After years of failed efforts that spanned multiple administrations, the state has finalized the sale of the controversial James R. Thompson Center in Chicago to a company that will make it the new Chicago home of tech giant Google. Gov. JB Pritzker made the announcement during a news conference […]

By Annie Fulgenzi The late Henry Humphrey once traveled hundreds of miles across the country to acquire the delicious fruits and vegetables sold at the family store. On June 13, the hand-painted side of the semitrailer he once drove found its permanent home, hanging outside the historic business. Humphrey’s Market, located at 1821 S. 15th […]

Trustwell Living has acquired a 67-unit senior living community in Springfield, the former Bickford of Springfield property located at 2451 W. White Oaks Dr. The purchase was finalized on May 13. Trustwell Living is a senior living operating company based in New York City that was launched in 2021 by senior housing veteran Lawrence Cohen […]

Springfield Electric Supply Company’s Springfield headquarters will be undergoing significant renovations, and the property owners are seeking TIF assistance from the city of Springfield. Springfield Electric’s location at 700 N. Ninth St. will be impacted by the Springfield Rail Improvements Project, and construction on Usable Segment Six, between Carpenter Street and Ridgely Avenue, is expected […]

Magro’s Meat & Produce is coming full circle with its business model. “We’re going back to our roots,” said Tony Magro, president and co-owner of the family-run business. “We’re still going to offer vacuum-sealed meats, but we’re getting away from grocery, produce and deli items.” Magro’s Meat & Produce opened a Springfield location in January […]

Peterman Financial Group has had a presence on MacArthur Boulevard for more than two decades, so when owner William Peterman decided it was time to expand, he didn’t look any further than the space adjacent to his current office. The financial planning firm currently occupies the 1600-square-foot office at 1515 S. MacArthur Blvd., and Peterman […]

Mas Sabores, a Mexican bakery, taqueria and ice cream shop, will soon open on North Grand Avenue. Alejandro “Alex” and Gabriela “Gabby” Rico are the owners of the business, which means “more flavors.” The couple currently operate a similar business, Sabores, at 323 N. Main St. in Chatham, along with a dog grooming business, Spaw […]

Springfield architectural firm Allied Design Consultants has been acquired by GreenAssociates, Inc., an Itasca-based architecture firm. According to Todd Hannah, the former owner of Allied Design Consultants, not much will change in terms of the day-to-day operations. The firm will continue to operate out of its current location at 1413 S. MacArthur Blvd. “I’m the […]

By Carey Smith The impacts of the COVID-19 pandemic have been felt in every aspect of our lives, and the banking world is no exception. As with every person and every business, adaptation has been the key to success in weathering the upset of normality. As a response to the uncertainty caused by onset of […]

By Peter Hancock, Capitol News Illinois Gov. JB Pritzker’s administration on Thursday announced the awarding of the first $24 million in “Back to Business” grants, a program funded with federal relief aid to help businesses recover and reopen from the pandemic. The announcement took place at a Mexican restaurant in the Little Village neighborhood of […]