Economy

Economy & Business news

U.S. BLS

Prices in the Midwest Region increased 2.3% over the last year.

The US Bureau of Labor Statistics reported information about the December Consumer Price Index for All Urban Consumers (CPI-U) earlier this month.

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People who work at Pier 1 Imports in Davenport may get to keep their jobs. According to Business Insider, the company has removed hundreds of stores from its website. And the one in Davenport is NOT one of them. 

Brady Johnson / WVIK News

The Quad Cities Chamber of Commerce wants to create a new way to pay for big projects that benefit the entire area.

This morning, the chamber and leaders of its Q2030 initiative announced they plan to create the Quad Cities Regional Metropolitan Authority

Paul Rumler, the chamber's President and CEO, says it will require the approval of the Illinois and Iowa legislatures, Congress, and president.

Bi-State Regional Commission

It's the next step in the study of a major roadway in the Illinois Quad Cities - Monday night a consultant will present its preliminary recommendations for the Illinois 92 Corridor, that connects Rock Island, Moline, East Moline, and Silvis.

https://media.amtrak.com/media-images/ / Amtrak

The Quad Cities Chamber of Commerce hopes it doesn't take another five years before people can start riding trains to Chicago.

The US Department of Transportation has approved a five-year extension of $177 million in federal funding for the new Amtrak route. 

submitted / Elliott Aviation

Elliott Aviation is helping jet owners add new technology and meet new, federal requirements.

Michelle O'Neill reports the Moline-based company has a contract with Garmin to install Garmin's latest avionics called, the G5000.


2019 was a "mixed" year for Lee Enterprises, owner of the Quad City Times and Dispatch-Argus. This week the company which is based in Davenport reported total revenue fell during the fiscal year that ended in September, but revenue and traffic rose for its digital services.

Missouri Valley Conference

The local economy would get a big boost if the Quad Cities could find a way to host more sports events. Wednesday a national consultant presented its recommendations to help make this a "regional sports tourism market."

submitted / Mercado on Fifth

The Quad Cities Community Foundation hopes two, workforce development grants will help transform the lives of local residents. 

Deere and Company

Bad weather, trade wars, and low commodity prices did not keep John Deere from having a pretty good year. Wednesday it reported financial results for the fiscal year that ended in October, and it recorded the second highest net income in company history.

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