Economy

Economy & Business news

Production at two John Deere plants will stop for a couple of weeks. The company says it will temporarily suspend production at the Dubuque and Davenport factories starting May 11th, and probably re-start on May 26th. 

Visit Quad Cities

Even though very few people are traveling these days due to the pandemic, local residents need to remember how important tourism is to our local economy. That's why Visit Quad Cities will celebrate National Travel and Tourism Week this week.

New Director for Deere

May 1, 2020
John Deere

A top official at Verizon has joined the John Deere board of directors.  Friday the company announced the addition of Tamra Erwin, Executive Vice President and CEO of Verizon Business, a division of Verizon Communications. 

Even though most travel is not allowed right now because of the pandemic, it probably will be soon, and Visit Quad Cities wants to be ready. The tourism and marketing agency is planning how to attract visitors once restrictions are lifted.

WASHINGTON (AP) — More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.

Freight House Farmers Market Re-opens

Apr 30, 2020
Lorrie Beaman

A major test of social distancing in the Quad Cities will be held on Saturday in Davenport.

https://www.bea.gov/system/files/gdp1q20_adv_chart-01.png / US Bureau of Economic Analysis

The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record. 

WVIK News

Demolition has begun at the old Oscar Mayer plant on West River Drive in Davenport. It closed two years ago after Kraft Heinz opened a new plant in the northwest part of the city. 

Muscatine wants to help its small businesses survive the pandemic. The city council has set aside 400,000 dollars for forgivable loans, and will begin taking applications on May 1st.

The coronavirus has showed up at another meatpacking plant in the midwest, this time in western Illinois. Friday Smithfield Foods announced its plant in Monmouth will suspend operations next week until further notice.

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