Economy

Economy & Business news

State Help for Sterilite

Jan 20, 2017

The state of Iowa wants to help a Massachusetts-based company build a new plant in the Quad Cities. Friday the board of the Iowa Economic Development Authority approved assistance for Sterilite Corporation.

QC Food Hub Re-opens

Jan 13, 2017

A store in Davenport that features locally-grown food will re-open Friday after extensive remodeling. The Food Hub in the Freight House along River Drive will hold a ribbon cutting.

MidAmerican Energy will host a job fair in Moline today to start filling more than 70 customer service positions. 

Sam Dunklau

Over 50 local businesses are asking residents to take a vacation this weekend in the Quad Cities. The Convention & Visitors Bureau will host its 16th annual "Be A Tourist in Your Own Backyard Weekend" beginning on January 13.

Screenshot of Arconic Jetson ad. Note the new logo on the building.
https://www.youtube.com/watch?v=37waZeR4isc / Arconic

If you haven't seen this ad on YouTube yet, check it out. Alcoa's Davenport Works is now the Arconic Davenport Works. And the visuals in the video look nothing like the aluminum plant located in Riverdale, Iowa. 

The company hired Director Justin Lin for the project. He's directed and/or produced four of the Fast and Furious films. Even if you don't follow Alcoa and Arconic, fans of the Jetson's television show might get a kick out of it.

Arconic is scheduled to report quarterly earnings on Jan. 31st.

WVIK News

A new plant and hundreds of new jobs are in the works for Davenport. If all goes according to plan, Sterilite Corporation will start producing plastic housewares next year.

The nuclear power plant in Cordova, IL
Exelon

"2016 was a great year for the Quad Cities." That's what the President and CEO of the Chamber of Commerce says about the group's success over the last twelve months.

R. P. Lumber

After being vacant for several years, a key commercial property in downtown Silvis will re-open soon. R.P. Lumber, based in Edwardsville, Illinois has bought the former site of Pro Build Contractor Supply at 1301 First Avenue.

Unemployment fell in the Quad Cities last month by nearly one full percentage point.

John Deere has settled a "whistleblower" lawsuit. Thursday the US Department of Labor announced the company has agreed to pay back wages and damages to a former employee in the Quad Cities who claimed he was fired after reporting unsafe working conditions.

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