Economy

Economy & Business news

"Cautious optimism" may be the best way to describe one local expert's outlook for the local, national, and world economies. This afternoon, Deere and Company chief economist, J.B. Penn gave his annual forecast to the Quad Cities Chamber of Commerce.

QC Chamber of Commerce

Transportation, access to broadband, and workforce readiness were the main topics this week for the Quad Cities Chamber of Commerce, during its annual lobby trip to Des Moines. 

A developer from the Quad Cities plans to renovate a vacant building in downtown Clinton, and turn it into apartments. Tonight Economic Growth Corporation will hold a meeting for contractors and suppliers interested in working on the project. 

RadioShack

Three stores in the Quad Cities are among the nearly 18-hundred that RadioShack is going to close. Last week, the consumer electronics retailer filed for bankruptcy, and announced the list of closings, including 12 in Iowa and about 70 in Illinois.

Russell Construction

Plans are in the works to build new housing for seniors in Moline. Tuesday night, Russell Construction presented plans for a project called The Point, to the city council.

Michelle O'Neill / WVIK News

By the end of next summer, the familiar smell of French fries will greet diners walking up to the former Frank's Pizza in Bettendorf. This morning at Ross' Restaurant, Manager Melissa Freidhof-Rodgers and co-owner, her mother Cynthia Friedhof, announced they will move the home of the Magic Mountain after renovating the old pizza restaurant. It's located near the intersection of 18th Street and 53rd Avenue. Frank's Pizza closed early this month.

Freidhof-Rodgers says construction of a new I-74 bridge requires them to move the 24-hour  restaurant from its home downtown, on 14th Street.

Even the layout of the kitchen appealed to her. She and her parents have been trying to find the right location for the iconic diner for several years.

Unemployment dropped sharply in the Quad Cities in December. 

Years after it started, free tax preparation programs in the Quad Cities are serving more and more residents. The United Way of the Quad Cities offers free tax filing for individuals and families with an income of $57,000 or less.

Deere Lays Off 900

Jan 23, 2015
submitted / Deere & Company

Deere and Company will lay off 900 workers in Iowa and Illinois, as it anticipates declines in sales of farm equipment. But the Quad Cities' workforce won't be hit quite as hard as in Des Moines and Waterloo.

QC Downs Closing

Jan 12, 2015
Arlington International Racecourse

Forty years after it opened, and 20 years after live racing ended, a former harnes racing track in East Moline is finally going to close. Late last week, the owner of the Quad City Downs announced the off-track betting parlor will close on January 31st.

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