Economy & Business news

Midwest Interstate Passenger Rail Commission

A member of the Illinois General Assmbly from the Quad Cities wants to help expand passenger rail service in this part of the country. State Representative Mike Halpin from Rock Island has just been appointed to the Midwest Interstate Passenger Rail Commission. 

Hearland Alliance

While other states have begun to recover since the great recession, Illinois has not. That's the conclusion of the latest annual study of poverty in the state by the Heartland Alliance, a Chicago-based non-profit that focuses on human rights, housing, health care, and employment.

Michelle O'Neill / WVIK News

John Deere equipment sold well over the last three months. This morning, the company reported second quarter earnings rose to $1.2 billion or $3.67 per share, compared to $2.50 in the same quarter a year ago.

Pershing Hills Lofts

New apartments are opening in the old Crescent Electric Building in downtown Davenport. Tonight,  a group of investors will hold a ribbon cutting ceremony for Pershing Hill Loft at the corner of 5th and Pershing Avenue. 

Crawford Company

Thanks to growing interest in micro-brewing and brew pubs across the country, a Rock Island company is going to expand and add jobs. Monday night, the city council approved incentives for the Crawford Company to buy a vacant warehouse on 31st Avenue.

Quad City Airport

Later this month, a new executive director will take over at the Quad City Airport. Tuesday morning, the Board of Commissioners approved the hiring of Ben Leischner to replace Bruce Carter who's retiring after 19 years. 

A new leader for the Quad City Airport may be chosen on Tuesday. The agenda for the Board of Commissioners includes "to consider and approve hiring of Airport Executive Director." / Corps of Engineers Facebook page

Riverboat pilots and barge companies will probably have to exercise a little patience over the next few days. Today and Friday, the Corps of Engineers is preparing to close two locks on the flooding Mississippi River.

Tourism Summer Preview

May 9, 2018
Planet Funk

Marines, grocers, and fire chiefs will all help boost the Quad Cities economy this summer. They're among the many groups scheduled to hold conventions, tournaments, and meetings here.

Revenue and profits fell for Lee Enterprises during the second quarter. Thursday the newspaper company based in Davenport which owns the Quad City Times and Argus and Dispatch, reported earnings of 2.5 million dollars, or 4 cents per diluted share.