Springfield, IL (CAPITOL CITY NOW) – Joey McLaughlin talks with Springfield Business Journal Publisher, Michelle Ownbey on the WTAX Morning NewsWatch about this weeks’ biggest business stories.

Area residents were holding out hope that the Joann fabrics store in Springfield would survive the retailer’s planned closures, but the company announced Feb. 24 that it will close all of its 831 stores nationwide.

The former Alexander’s property has been purchased by two area business owners, who said they believe the corner has a lot of potential.

Do you know an outstanding woman who deserves recognition? Make a nomination by Friday, March 7, for this year’s Women of Influence, sponsored by Springfield Business Journal and Security Bank.

The March issue of Springfield Business Journal is out now, featuring the latest in residential real estate trends.