Economy

Economy & Business news

New Leader for RDA

Dec 4, 2014
Riverboat Development Authority

 A business consultant from the Quad Cities will be the next president and ceo of the Riverboat Development Authority. This afternoon, the board of directors chose Randy Rathje to replace Mary Ellen Chamberlain, who's retiring.

4th Quarter Earnings 2014 Conference Call, slide #34 / Deere & Company

Deere and Company is already prepared for next year's downturn in agricultural markets. That's according to today's earnings report. 

The long holiday weekend in the Quad Cities will start in the traditional way - with the year-end earnings report from Deere and Company. Its fiscal year ends in October, and results are issued the day before Thanksgiving.

Spending on the military and defense in Illinois supports 150,000 jobs and more than 13 billion dollars worth of economic activity. That's the conclusion of a new study announced today by Illinois Lieutenant Governor Sheila Simon and the Illinois Chamber of Commerce Foundation.

SouthPark Unveiling

Nov 13, 2014
WVIK Staff

SouthPark Mall shoppers can now enjoy free wi-fi, comfortable seating, and a new children's area. Today in Moline, the mall owner, Macerich, cut a ribbon to celebrate the renovation of the 40 year old mall.

Southpark Grand Opening

Nov 12, 2014
Macerich Company

Seven months after work began, a local landmark will celebrate the completion of its renovations. Thursday morning, Southpark Mall in Moline will hold a ribbon cutting, unveil a new play area, and feature entertainment and give-aways all day.

city of Rock Island

Plans for a new drug store will be considered tonight by the Rock Island Planning Commission. CVS wants to build along 18th Avenue, on the former site of the Audubon School.

One of the Quad Cities' largest employers will spend $190 million to improve the strength of its products. Yesterday, Alcoa announced it will expand the Davenport Works and add a new manufacturing process.  Andrea Douglas, a spokeswoman from the Riverdale plant, says Alcoa's goal is to increase its customers base in aerospace and other industries. Next year, she says the company will install a piece of equipment called a "very thick plate stretcher." 

Amazon plans to open a warehouse and distribution facility in Illinois next year, and Quad Cities business leaders hope our area will be chosen. 

The cost of garbage and recycling may go up for residents of Moline. Tonight the city council is scheduled to vote on a staff proposal to raise the monthly cost by a-dollar-80.

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