A report prepared by Moody’s Analytics that said Illinois faces financial challenges also concluded that Champaign-Urbana’s economy is “the strongest in Illinois and one of the best-performing in the region.”
At the same time, the report stated Springfield’s economy was “struggling before the pandemic” and is now growing “at a mediocre pace” while Bloomington’s is “one of the weakest in Illinois.”
The recently released report offered similar descriptions of other urbanized areas of the state, saying Rockford’s economy was “stuck in neutral” and those of Decatur, the Quad Cities and Danville are “recovering at a measured pace” while Peoria’s economy “softened a bit after strengthening through the third quarter.”