Economy

Economy & Business news

Lewis Machine and Tool Company

The state of Iowa will help preserve jobs in Dubuque, and help a Quad Cities company move and expand. Friday the board of the Iowa Economic Development Authority awarded direct financial assistance and tax benefits to a total of eight companies for job creation and expansion projects. 

Exterior of a brick building on a sunny day
https://www.tranzon.com/TAA-1701 / Tranzon

A few months after a New Jersey company bought an office building in downtown Rock Island, it's trying to lease or sell it.

At the end of an online auction in February, a company named Entech Group was the highest bidder. And Michelle O'Neill reports it bought the former Bitco Insurance headquarters for $244,000.

David Levin, from NAI Ruhl Commercial Company, says Entech officials visited Rock Island and were surprised to find out the Quad Cities area is not as large as they thought. So the company has "no interest" in the Bitco property.

Road Machinery and Supplies

After twelve years in Milan, a distributor of heavy equipment has bought property in East Moline's industrial park, and hopes to expand. Road Machinery and Supplies, or RMS, is based in Minneapolis, with outlets in Illinois, Iowa, and Minnesota.

Five bottles of liquor featuring Blaum Bros. labels, with yellow, black-eyed susan flowers behind them
submitted / Illinois Tourism Office

"Illinois Made" is just one theme the head of the state's Office of Tourism promoted this week in the Quad Cities. It's National Travel and Tourism Week, and Cory Jobe arrived in Rock Island on Tuesday morning for a "Sports Huddle" at the Holiday Inn.

He dropped by WVIK after the meeting, and Michelle O'Neill asked him what it was all about.

And here's the entire 28-minute conversation.

Simon Law

Triple-A has found an appropriate way to celebrate National Bicycle Safety Month. Roadside assistance is now available in Illinois for members who are bike riders. 

A deal between John Deere and Monsanto has been called off. Monsanto canceled the agreement to sell its subsidiary, Precision Planting.

Unemployment dropped sharply in the Quad Cities last month. The Illinois Department of Employment Security says the jobless rate went from 6 per cent in March of last year, to 4.8 per cent last month.

Screenshot of a page from the Midwest Manufacting Business Conference website with three photos. The first is a head and shoulders picture of Ratzenberger smiling.
http://www.mmbconf.org/ / Midwest Manufacturing Business Conference

An actor known for playing a postman on the TV show, "Cheers," will remind manufacturers why they are essential. Next week, John Ratzenberger will be the keynote speaker at the first Midwest Manufacturing Business Conference in Bettendorf.

WVIK News

After years of trying to re-gain control of the riverfront, Davenport may lease a section for truck parking.

Monsanto

Two years and 50 million dollars later, Monsanto will celebrate the completion of a major expansion at its plant in Muscatine. A ribbon cutting will be held Friday morning.

Pages