Economy

Economy & Business news

A bank based in central and western Illinois will open its first branch in the Quad Cities on Tuesday. 

Michelle O'Neill / WVIK News

A first quarter loss was no surprise to Deere and Company. Michelle O'Neill reports, today the company reported it lost $535 million due to federal tax reforms.

The state of Iowa wants to help ADM expand in Clinton. Friday the board of the Iowa Economic Development Authority approved tax credits for the project.

https://www.wirtgen-group.com/john-deere/en/ / Wirtgen Group Branch of John Deere GmbH & Co. KG

When Deere and Company releases first quarter earnings tomorrow, it'll be the first time since it bought the Wirtgen Group.

Michelle O'Neill reports.


New Tax Law Helps HNI

Feb 12, 2018

Thanks in part to the new tax law, earnings rose last year for HNI Corporation. The Muscatine-based maker of office furniture and fireplaces reports a profit of $2 per share in 2017, compared with $1.88 the previous year.

http://quadcitieschamber.com/playbooks/cybersecurity / Quad Cities Manufacturing Innovation Hub

More help is available for manufacturers who want to start using new technology. The Quad Cities Manufacturing Innovation Hub has created seven "playbooks" to guide companies through the process.

submitted / IMEG Corp.

A couple of local engineering companies are now part of a third. Missman Inc. and McClure Engineering merged with IMEG Corp. last summer.

Iowa Department of Cultural Affairs

A downtown Davenport building is now included on a prestigious list. The Peterson Paper building at 301 East Second Street has been added to the National Register of Historic Places.

Dohrn Transfer

A Quad Cities company is sharing the benefits of the federal tax cut.  This week, Dohrn Transfer in Rock Island gave each of its 1,200 employees a $1,000 bonus. 

Heather Dohrn, Vice President of Sales and Marketing, says the company wanted it to be a surprise.

Instacart Opens in QC

Jan 31, 2018
Instacart

An internet-based grocery delivery service is expanding to the Quad Cities. Instacart officially opens for business here Wednesday, allowing people to order online, and have groceries delivered to their home.

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