Economy

Economy & Business news

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.

QC Coffee and Pancake House Wants to Expand

Apr 10, 2017
WVIK News

A popular downtown Rock Island restaurant is asking the city for help so it can expand. Monday night the city council will consider grants and loans for the QC Coffee and Pancake House, also known as Koffee Break Restaurant, at the corner of 19th Street and 3rd Avenue. 

Drawing of an entrance to a building with glass doors and "HALO" on a wall leading to the doors
submitted / HALO Branded Solutions

A company in Sterling is growing very quickly and needs more space. Yesterday, HALO Branded Solutions broke ground on its new, global headquarters in the Meadowlands Business Park.

Heather Sotelo, Executive Director of the Greater Sterling Development Corporation, says HALO began business under the name Lee Wayne in 1953. Currently, the promotional products company employs 275 people and plans to hire 250 more over the next five years.

John Hazlett, J.C. Penney

A well-known department store chain is preparing to celebrate its centennial in the Quad Cities. Friday is the 100th anniversary of J.C. Penney opening a store in downtown Moline, its first store in Illinois. 

Unemployment fell in the Quad Cities in February by one full percentage point - from 6.3 per cent a year ago to 5.3 per cent last month.

You see half of a dark blue car with the words, "March 19, 2017 Arconic Announces Multi-Year Deal with Toyota
http://www.arconic.com/global/en/news/newsroom.asp / Arconic

Arconic plants in Illinois and Iowa are now the exclusive suppliers of aluminum to Toyota for its Lexus RX. The SUV is Toyota's first car made in North America to include aluminum sheet in its exterior panels. Arconic announced the deal last week.

An Arconic official says the benefits of using aluminum in vehicles include better gas mileage, improved safety, and the ability to carry or tow more passengers and cargo.

Illinois Unemployment Rate Declined Last Month

Mar 24, 2017

The Illinois Department of Employment Security says the state's unemployment rate fell below six percent in February. The drop to 5.4% leaves Illinois' jobless rate at its lowest since late 2007.

New American Economy

A new study shows the impact of immigrants on the local, state, and national economies. A group called the New American Economy used census data to look at all 435 congressional districts.

For this study, the group used the term immigrant to mean any person born outside of the United States, whether legal or not.

Gary Camarano

China could help boost the economy of Whiteside County and northwest Illinois. That's the goal for Tuesday's visit by the Chinese Consul General from Chicago.

Sam Dunklau

City officials in Davenport want to help local teenagers find summer jobs. Next month, The city and Iowa WORKS will host a job fair for high school students.

Iowa WORKS is an state employment resource agency.

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