Economy

Economy & Business news

Economic Growth Corporation

Big plans are in the works for a former college in northwestern Illinois. The re-development of the historic Shimer College campus in Mount Carroll will cost about 60 million dollars. 

Screenshot of an Elliott Aviation video
http://www.elliottaviation.com / Elliott Aviation website, virtual tour of Moline facilities

A family-owned business in the Quad Cities has been sold to a private investment firm based in Charlotte, North Carolina. At the end of January, Summit Park, LLC bought a controlling interest in Elliott Aviation, the Fixed Base Operator at the Quad City International Airport.

submitted / Deere & Company

In two months, Deere and Company's CEO John May will also become the new chair of the board. Today, the company announced Sam Allen will retire on May 1st after ten years as board chair, ending his 45-year career with John Deere. 

Galesburg may see its first legal recreational marijuana sales next month, but only if there's enough cannabis to go around.

Monmouth College

About 1,600 people lost their jobs when a major western Illinois employer closed, and moved to Mexico in 2004. 15 years later, students in a class at Monmouth College set out to find out what happened to the former Maytag employees.

On Midwest Week, a look at a growing part of the economy, in the Quad Cities and across the country.

WVIK News

Now that one new bridge across the Mississippi River is under construction, some long range planners are beginning to think about building another new bridge. But this one would be for the railroads.

submitted / Deere & Company

Shareholders seemed happy with what they heard today at Deere & Company's annual meeting. New CEO John May gave his first presentation to the board of directors and a packed house full of shareholders, including many retirees. 

Dylan Batton

The state wants to help create more than 150 jobs in Clinton. Friday the Iowa Economic Development Authority Board approved awards for Nestle Purina PetCare and Timken Drives. 

John Deere

Despite a decline in sales, profits rose for John Deere in its first quarter. Friday the company reported profits rose four per cent to $1.63 per share, compared with $1.54 last year at this time. But worldwide sales fell four per cent, to 7.6 billion dollars.

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