Economic growth in Illinois continued to slow down in April, according to the Flash Index.

Economic growth in Illinois continued to slow down in April, according to the Flash Index.

The latest University of Illinois Flash Index shows the state’s economic growth rate continuing its year-long, near-steady decline. The Index fell from 103.1 in March, to 102.9 in April. It had been as high as 106.1 in March 2022. Any Flash Index reading above 100 indicates a growing economy in Illinois.

Flash Index: Illinois’ economic growth continues its slow decline in March.

Flash Index: Illinois’ economic growth continues its slow decline in March.

After an increase to 103.4 in February, the Flash Index for March dropped back to its January level of 103.1. Except for that one-month increase, the Flash Index has been declining since a peak of 106.1 in March of 2022. (Any reading on the Flash Index above 100 indicates economic growth.)

Microloan fund supports local businesses in Champaign County
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Microloan fund supports local businesses in Champaign County

A new microloan fund to help businesses in Champaign County recover from the pandemic is up and running. The Champaign County Economic Development Corporation announced the two-million-dollar loan program. Executive Director Carly McCrory McKay said the goal is to help under-served business owners gain access to affordable financial services. “We’ve certainly had some initial interest…