Economy

Economy & Business news

http://quadcitieschamber.com/playbooks/cybersecurity / Quad Cities Manufacturing Innovation Hub

More help is available for manufacturers who want to start using new technology. The Quad Cities Manufacturing Innovation Hub has created seven "playbooks" to guide companies through the process.

submitted / IMEG Corp.

A couple of local engineering companies are now part of a third. Missman Inc. and McClure Engineering merged with IMEG Corp. last summer.

Iowa Department of Cultural Affairs

A downtown Davenport building is now included on a prestigious list. The Peterson Paper building at 301 East Second Street has been added to the National Register of Historic Places.

Dohrn Transfer

A Quad Cities company is sharing the benefits of the federal tax cut.  This week, Dohrn Transfer in Rock Island gave each of its 1,200 employees a $1,000 bonus. 

Heather Dohrn, Vice President of Sales and Marketing, says the company wanted it to be a surprise.

Instacart Opens in QC

Jan 31, 2018
Instacart

An internet-based grocery delivery service is expanding to the Quad Cities. Instacart officially opens for business here Wednesday, allowing people to order online, and have groceries delivered to their home.

Caterpillar

After four difficult years, earnings rose for Caterpillar in 2017. Thursday, the company reported fourth quarter and full year results.

Unemployment  dropped sharply in December, falling from 5.3 per cent a year ago to 4.2 per cent last month.

https://goo.gl/Ni5wcg / Toys R Us Facebook header

Starting next month, Toys R Us will close 180 stores, but locations in the Quad Cities are not on the list. Stiff competition from Amazon and Walmart have squeezed Toys R Us, which once dominated toy sales in the US. The retailer filed for bankruptcy in September and is $5 billion in debt.

The company operates a Toys R Us and Babies R Us store on Brady Street in Davenport, plus a Toys R Us near South Park Mall in Moline. In Iowa, stores in Des Moines and Clive are on the closure list. And in Illinois, the company will close eight in the Chicago area.

Chuck Henson

Work will begin soon to protect a major tourist attraction in northern Illinois. Following a meeting this month of local and state officials, a steering committee will soon be appointed for the Hennepin Canal.

Sam's Club

Sam's Club in Moline will close later this month, putting about 150 people out of work. It's one of 63 stores across the country Walmart Stores plans to close this month.

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