Business news

Susan Stephens / WNIJ

Chrysler’s parent company confirms it: the Jeep Cherokee will be produced at the Belvidere Assembly Plant starting next year.

Fiat-Chrysler America’s spokesperson Jodi Tinson says the company is making a big investment in Belvidere: $350-million to retool the plant and eventually, 300 new full-time jobs.

Phil Masterton/WNIJ

The Illinois Toll Highway Authority is playing a vital role in economic development and job creation throughout northern Illinois. It’s also looking for ways to increase minority-owned and veteran-owned businesses in their construction projects.

The Authority is planning to build a nearly 63,000-square-foot Maintenance Facility at U.S. 20 and I-90. The new building will be LEED certified, green and modern – and will involve and built by more minority-, disadvantaged-, women- and veteran-owned businesses than ever before.

Phil Masterton/WNIJ

Ground was broken officially Monday for the $485 million Mercyhealth regional medical center in northeast Rockford.

The center will include the highest-level services for perinatal and newborn intensive care, trauma services, and specialty medical services, according to Mercyhealth President Javon R. Bea.

"This project is the largest construction project in Rockford history,” he said, “and it will enhance not only patient care but also economic growth to the greater Rockford region in many ways."

Exelon To Close Two Illinois Nuclear Plants

Jun 2, 2016

Exelon Corp. says it will move forward with plans to shut two Illinois nuclear plants after the Illinois Legislature didn't act on its request for financial support. 

The company announced it will close the Clinton Power Station in Clinton on June 1, 2017, and the Quad Cities Generating Station in Cordova on June 1, 2018. 

Exelon says the locations are its best-performing plants but they have lost $800 million over the last seven years. About 1,500 people work at the plants. 

Susan Stephens / WNIJ

Anywhere you go in America, you are never far from railroad tracks. Someone has to maintain all of those tracks. And someone has to build the machines to do it. That’s why the owners of a Rockford company want Congress to know railway maintenance is a five-billion dollar industry that deserves support.