Economy

Economy & Business news

Ten X

The Sandburg Mall in Galesburg may soon have a new owner. An online auction of the shopping mall ended last night with a high bid of 650,000 dollars.

That's according to a real estate agent, as quoted by the Galesburg Register Mail. The agent says it could take a month or longer to finalize the sale, and then the name of the buyer could be released.

Three children stand and talk in front of large signs
Michelle O'Neill / WVIK News

More people are visiting the Quad Cities this August compared to August, 2015. The convention and visitors bureau says tourists are here for the John Deere Classic, which is usually held in July. And the Quad City Symphony Orchestra changed the date of its Riverfront Pops concert from September to August.

Ten X

If you've always wanted to own your own shopping mall, now's your chance. All it'll take is several hundred thousands dollars and an optimistic attitude about western Illinois.

Monday through Wednesday, the Sandburg Mall in Galesburg will be for sale in an online auction, with a starting bid of 300,000 dollars.

Earnings improved but revenue fell for Lee Enterprises during its 3rd quarter. Thursday the newspaper company based in Davenport that owns the Quad City Times, reported results for April through June.

Overall revenue dropped 4.9 per cent, while earnings per share rose to 8 cents, compared to 5 cents a year ago. 

The unemployment rate dropped last month in eight of Illinois’ 14 metropolitan areas compared to June a year ago, but not in the Quad Cities. The Illinois Department of Employment Security says the local jobless rate was 5.6% last month compared to 5.3% a year earlier.

A line of seven single family homes with blue sky and clouds above
Michelle O'Neill / WVIK News

More people will get financial help when buying a home in Rock Island. This morning, the Rock Island Economic Growth Corporation announced the Illinois Housing Development Authority approved nearly $340,000 for Phase 9 of GROWTH's Employer Assisted Housing Program.

Map of RAGBRAI route overnight cities in Iowa, starting in Glenwood, ending in Muscatine
http://www.RAGBRAI.com / RAGBRAI

Thousands of bike riders are traveling in southern Iowa this week. RAGBRAI began on Saturday in Glenwood, and today, they're pedaling from Shenendoah to Creston.

Factory building with farm equipment parked outside
Michelle O'Neill / WVIK News

John Deere plans to lay off 120 workers at the Harvester Works in East Moline. Today, the company told the production workers who will be placed on indefinite layoff  September 6th.

Thousands of people across Iowa may not be living below the official government poverty line, but they're having a very hard time making ends meet. That's the conclusion of a new study done for the United Way.

Herb Trix reports.  

For the full results of the ALICE study for Iowa, including data for cities and counties across the state, go to http://www.uwiowa.org/united-way-alice-report-iowa

Illinois Hosts Job Fair in Geneseo

Jul 11, 2016
Illinois Department of Employment Security

The state of Illinois wants to help you find a job. Tuesday, the Geneseo Public Library will host a job fair in partnership with the Illinois Department of Employment Security.

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