Economy & Business news

Business and government leaders from the Quad Cities will return from Washington DC today, after promoting local projects and learning about issues. About 30 people went on the three-day trip sponsored by the chamber of commerce.

A power plant in Clinton will close in June, six years earlier than expected. On Wednesday Alliant Energy announced the change for M.L. Kapp Generating Station.

The Quad Cities economy started the new year on an "up" note. Unemployment in January fell to 4.7 per cent from 6.1 per cent a year ago.

Rumler to Lead QC Chamber

Mar 12, 2018
Quad Cities Chamber of Commerce

The new leader of the Quad Cities Chamber of Commerce will not need much time to get oriented to the job and this area. Monday the chamber announced the hiring of Paul Rumler to be the president and ceo, starting next month. / Smithsonian website

The Smithsonian has declared 2018 "The Year of the Tractor." It's been 100 years since John Deere bought the Waterloo Gasoline Engine Company. And now, a 1918 Waterloo Boy Tractor is featured in an exhibit at the Smithsonian's National Museum of American History.

Michelle O'Neill reports tractors ushered in a new era of farming.

A woman who grew up in the Quad Cities will be the next leader of Renew Moline, the public-private partnership that promotes development in the city. Alexandra Elias will take over June lst, and replace Janet Mathis who resigned last year.

submitted / Deere and Company

Deere and Company plans to buy a private business that makes carbon fiber technology products. King Agro is based in Valencia, Spain and also operates a factory in Campana, Argentina.

Michelle O'Neill / WVIK News

Tax reform and how it will affect the bottom line were a couple of topics addressed at today's John Deere annual meeting in Moline.

After electing the board of directors and giving his report to a packed house, Chair and CEO Sam Allen took questions. One shareholder asked about tax reform in part because Deere took a first quarter charge of $900 million due to the new law.

Michelle O'Neill / WVIK News

Two local real estate developers plan to buy an iconic building in Moline. About two years ago, the Masonic group that owns the Scottish Rite Cathedral put it up for sale. Located on 7th Avenue near I-74, it features an auditorium, reception hall, commercial kitchen, and smaller venues. 

Costco Coming to QC

Feb 20, 2018

Work will begin soon to build a new Costco Wholesale store in Davenport. The project has won all the re-zoning and approvals it needs from the city, and it could open by the end of the year.