The city of Champaign features a large technology and software industry mostly focusing around research and development of new technologies. The Research Park, located in southern Champaign and backed by the University of Illinois, is home to many companies including iCyt (a biotechnology company), Yahoo!, Science Applications International Corporation and Tekion (a fuel cell company). First Busey Corp, Jones Financial Co LLLP and State Farm Mutual Auto Insurance are the major financial institutions operating in the city. The home value is $165, 500, rent is $702, and the average income is $39,240.
