Economy

Economy & Business news

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. 

Image from the website features Rock Island's Schwiebert Park, the Centennial Bridge & the river, plus a separate photo of Celebration Belle riverboat
http://mississippiriver.natgeotourism.com/ / National Geographic

National Geographic wants Quad Cities residents to help attract tourists to the Mississippi River. Next week, the organization will host the rollout of its new, regional website which focuses on the great river, and the culture of its cities and towns.

The loss of manufacturing jobs in the Quad Cities continues to affect other parts of the local economy.

Michelle O'Neill reports last month, the unemployment rate rose to 5.6% compared to 5.3% a year ago.


A bar graph shows changes in unemployment rates since August 2015 for the Market Statistical Areas in Iowa.
Source: Labor Market & Economic Research Bureau, Iowa Workforce Development / Iowa Workforce Development

The jobless rate rose in Iowa last month, and all its major cities lost jobs compared to last year. Statewide, Iowa Workforce Development says the unemployment rate was 4.2% percent, compared to 3.6% in August, 2015. The Iowa agency also says in August, 72,000 people were out of work and looking for jobs, 11,000 more than a year ago.

Credit Rock Island Township

This fall, Rock Island County residents will have some extra time to ask questions about their property tax assessments or file an appeal. Tax assessment notices are being mailed this week. And Tuesday, the Rock Island Township Assessor's Office began offering extended hours. 

A map shows the locations of Isle of Capri casinos in the US.
http://isleofcapricasinos.com/ / Isle of Capri Casinos website

One of the casinos in the Quad Cities will soon have a new owner. This morning, Eldorado Resorts, Inc. announced it will buy Isle of Capri Casinos for $1.7 billion.

Goodbye Local Landmark

Sep 19, 2016
WVIK News / WVIK News

The long-awaited, and long-dreaded demolition of The Lodge in Bettendorf is underway. On Monday Valley Construction began knocking down the former Jumers Castle Lodge.

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