Economy

Economy & Business news

Simmons Pet Food

An Arkansas company has decided to build a new plant in Dubuque, and will begin hiring workers in January. Simmons Pet Food plans to invest 80 million dollars, and convert the former Flexsteel plant in the Dubuque Industrial Center.

Unemployment rose in the Quad Cities last month to 4.8 percent, compared to 4 percent in November of last year.

Help is available for businesses in Rock Island hoping to bring in customers for holiday shopping. The city has opened a Holiday Marketing Campaign, and it's free.

Economic Development Manager Tarah Sipes says their goal is to help local businesses survive the pandemic, and reach a broader audience than they might have otherwise.

Using a website called Forward, businesses can list the hours and days they're open, and any special advertising materials.

Miracle at the Freight House

If there’s something we all could use in 2020, it’s a miracle – and a great cocktail.

https://s22.q4cdn.com/253594569/files/doc_financials/2020/q4/4Q_2020_Earnings-Call-Presentation.pdf / Deere & Company

Deere and Company thrived in 2020 despite the pandemic, trade tensions, and a severe storm that destroyed a lot of Midwestern crops. This morning, Deere reported net income of $2.75 billion for the full year, a drop of 15% compared to 2019. Sales and revenue declined 9% to $35.5 million.

Unemployment rose in the Quad Cities last month to 4.6 per cent, from 3.8 per cent at this time a year ago. The last time the October rate was this high or higher occurred in 2016 when it was 5.2 per cent.

Spiber Inc.

With help from the state, a Japanese company will invest millions of dollars in Clinton. Friday the Iowa Economic Development Authority announced a one million dollar incentive package for Spiber Incorporated.

Rock Island wants to help businesses suffering from the pandemic. The city council has approved 292,000 dollars for the second round of Small Business Emergency Response Grants.

Thomson Prison is Hiring

Nov 12, 2020
Federal Bureau of Prisons

The federal prison in Thomson Illinois has plans to add inmates, but to do that it must first hire more correctional officers. So Friday and Saturday, it will hold a job fair.

New Master Plan for Downtown Davenport

Nov 9, 2020
Downtown Davenport Partnership

Despite the Covid crisis, the Downtown Davenport Partnership (DDP) - an affiliate of the Quad Cities Chamber of Commerce – has been busy for the past eight months.

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