Economy

Economy & Business news

A white, ornate bed with upholstered head- and footboards with a small chandelier above and brick wall as a backdrop
Michelle O'Neill / WVIK News

Renaissance Rock Island celebrated more business openings downtown today. Mayor Dennis Pauley and other city officials helped three business owners host ribbon cutting ceremonies this morning, before the weather turned cold.

WVIK News

A midwest-based grocery chain and maker of electric cars are working together. This week, Hy-Vee and Tesla announced the opening of super-charging stations at three stores, including one in Davenport.

file / submitted

ComEd, Exelon, environmental groups, and consumer advocates have made a deal to improve energy policy in Illinois. Wednesday morning, officials from the utilities and organizations held a conference call to explain the new agreement.

submitted / Arconic Davenport Works

The Alcoa factory in Riverdale is now known as the Arconic Davenport Works. As of this morning, Alcoa has been split into two, publicly traded companies. And officials held a ribbon cutting to show off a large sign that features the new logo and name.

A double dose of bad news for the Quad Cities - in September unemployment rose and employment fell. 

One of the early efforts at cooperation among local governments is now celebrating a milestone. And helping the Bi-State Regional Commission mark its 50th anniversary Wednesday will be top officials from both Iowa and Illinois. 

Sales and profits fell for HNI Corporation during the 3rd quarter. This week the Muscatine-based manufacturer of office furniture and hearth products reported its results for July through September.

Theisen's

It didn't take long for a new business to claim the former Kmart building on Brady Street in Davenport. Kmart closed the store last winter, and in February, Theisen's Home-Farm-and-Auto, based in Dubuque, announced it'll use the building for its first Quad Cities location. 

Save-A-Lot Sold

Oct 17, 2016
Save-A-Lot

Some discount grocery stores in eastern Iowa and western Illinois will soon have a new owner. On Monday SUPERVALU announced the sale of its Save-A-Lot supermarket chain for $1.3 billion to Canadian private equity firm Onex Corporation. 

Miss R Geotourism website

The Quad Cities is part of a new effort to bring tourists to the Mississippi River. With local assistance from ten states, National Geographic has launched the Mississippi River Geo-tourism website.

During the regional rollout of the new website, Jim Dion from National Geographic said now people can plan trips along the river using stories, pictures, and maps supplied by people who live along the river. 

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