Economy & Business news


Work is finally, officially underway for the Bend of the Mighty Mississippi - the long awaited redevelopment of the former Case I-H plant site in East Moline. Ground was broken Thursday for a new Hyatt Hotel.

Computer drawing of a large room with tables, chairs, and large windows with the new, I-74 bridge in the background / The Bend on the Mighty Mississippi

Developers and East Moline officials will break ground Thursday on a project they hope will attract lots of people, restaurants, stores, and money. Thirteen years after CNH closed the old International Harvester combine factory, construction of The Bend on the Mighty Mississippi will officially begin.

Green, yellow, red and orange vegetables displayed in rows and on shelves
Michelle O'Neill / WVIK News

People who have special diets or like to eat food without additives will have another place to shop in the Quad Cities. Wednesday morning, Natural Grocers will open a new store in Davenport on 53rd Street next to Rave Cinemas.

Arconic Adds "Very Thick Plate Stretcher"

Apr 12, 2017

Arconic has made a $150 million dollar investment in the Quad Cities that it hopes will make the company a leader in aerospace manufacturing.

A black dog with white on her chest sits outside on green lawn. Beside her is a smiling man in a dark blue uniform who is kneeling on one knee and holding her leash.
submitted / Modern Woodmen of America

Modern Woodmen of America grew in 2016. Compared to the previous year, the fraternal financial services organization says assets increased 4.4% to $15.4 billion last year. 

Mel Rambo, Chief Risk Officer, says Modern Woodmen is achieving its goals despite low interest rates which may be good for homebuyers but not for people who live on fixed incomes. 

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

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.