Economy

Economy & Business news

Unemployment dropped sharply in the Quad Cities last month. The Illinois Department of Employment Security says the jobless rate went from 6 per cent in March of last year, to 4.8 per cent last month.

Screenshot of a page from the Midwest Manufacting Business Conference website with three photos. The first is a head and shoulders picture of Ratzenberger smiling.
http://www.mmbconf.org/ / Midwest Manufacturing Business Conference

An actor known for playing a postman on the TV show, "Cheers," will remind manufacturers why they are essential. Next week, John Ratzenberger will be the keynote speaker at the first Midwest Manufacturing Business Conference in Bettendorf.

WVIK News

After years of trying to re-gain control of the riverfront, Davenport may lease a section for truck parking.

Monsanto

Two years and 50 million dollars later, Monsanto will celebrate the completion of a major expansion at its plant in Muscatine. A ribbon cutting will be held Friday morning.

WVIK News

Work is finally, officially underway for the Bend of the Mighty Mississippi - the long awaited redevelopment of the former Case I-H plant site in East Moline. Ground was broken Thursday for a new Hyatt Hotel.

Computer drawing of a large room with tables, chairs, and large windows with the new, I-74 bridge in the background
http://www.thebendqc.com/ / The Bend on the Mighty Mississippi

Developers and East Moline officials will break ground Thursday on a project they hope will attract lots of people, restaurants, stores, and money. Thirteen years after CNH closed the old International Harvester combine factory, construction of The Bend on the Mighty Mississippi will officially begin.

Green, yellow, red and orange vegetables displayed in rows and on shelves
Michelle O'Neill / WVIK News

People who have special diets or like to eat food without additives will have another place to shop in the Quad Cities. Wednesday morning, Natural Grocers will open a new store in Davenport on 53rd Street next to Rave Cinemas.


Arconic Adds "Very Thick Plate Stretcher"

Apr 12, 2017
Arconic

Arconic has made a $150 million dollar investment in the Quad Cities that it hopes will make the company a leader in aerospace manufacturing.

A black dog with white on her chest sits outside on green lawn. Beside her is a smiling man in a dark blue uniform who is kneeling on one knee and holding her leash.
submitted / Modern Woodmen of America

Modern Woodmen of America grew in 2016. Compared to the previous year, the fraternal financial services organization says assets increased 4.4% to $15.4 billion last year. 

Mel Rambo, Chief Risk Officer, says Modern Woodmen is achieving its goals despite low interest rates which may be good for homebuyers but not for people who live on fixed incomes. 

submitted by Greg Fritz

Galesburg is losing more than 20 good jobs because a state agency has to close the Animal Disease Laboratory. The Illinois Department of Agriculture has operated the lab for more than 40 years.

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