Home sales up 12.3%
Rivian, Ford cancel deal
ISU honors entrepreneur
BAC expands worker training
Normal seeks developers
NORMAL — Rivian Automotive shares on the Nasdaq rose 10% at the opening bell Nov. 11 after its IPO the day before, pushing its valuation over $90 billion, making it more valuable than GM.
NORMAL — Rivian Automotive and Ford have canceled plans to develop an electric vehicle after the latter said it has what it needs to develop and compete with its own vehicles without using Rivian’s “skateboard” platform.
BLOOMINGTON — The Bloomington Area Career Center next year will offer a new program that grew out of a perceived need for more workers trained in trades and manufacturing.
Rivian may make RVs
NORMAL — Outdoorsy Inc., which specializes in recreational vehicle rentals, is in discussions to buy electric vehicles from Rivian Automotive, Bloomberg reports.
BLOOMINGTON — Home sales increased 12.3% in September compared to the same in period 2020, according to data released by the Mid-Illinois Realtors Association, which covers McLean, Dewitt and Livingston counties.
NORMAL — Illinois State University student Ashley Garrett was named the winner of this year’s Startup Showcase on Nov. 12 for her business, named Curlave, which would sell curly hair extensions for Black women.
NORMAL — Buoyed by growth at Rivian, the town of Normal announced in mid-November it was talking to prospective developers for the planned Trail East and Trail West buildings in uptown.
Train car may become B&B
BLOOMINGTON — David Parker is hoping to make a bedand-breakfast using a 110-year-old electric passenger train car he moved about 50 miles to his backyard off Historic Route 66 in southwest Bloomington.
Commercial Real Estate Services GrEG YOuNT
Laura PrITTS
Retail • Office • Apartments Industrial • Land • Buildings Investment • Lease Space
MIKE FLYNN
THOM JONES
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MIKE TaLKINGTON
MIcHaEL O’NEaL
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January 2022 | Limited Magazine 13
Business Barometer
Rivian surges past GM after IPO
