Economy & Business news

Tom Terronez

A vacant landmark in downtown Davenport will soon get some new tenants. Two companies now in Bettendorf will move later this year into the Schneff building, at the corner of 3rd and Brady Streets.Tom Terronez is the founder and owner of Terrostar Inter-active Media which specializes in web design and online marketing, and Medix Dental which installs and supports computers and other technology for dentists.He wanted to move downtown, and he liked the former bank and jewelry store.

His companies now employ 17 people. 


It's getting less expensive to buy gas in the Quad Cities. So far this month, prices are six to seven cents lower than last month. AAA Chicago's fuel gauge report says people buying gas in Davenport and Bettendorf are paying an average of $3.25 per gallon, and the average in Moline and Rock Island is $3.43.  Triple-A spokeswoman, Beth Mosher says global supplies are in good shape, and oil prices are lower, too.  Gas prices usually drop in September and October.


Major construction projects have started in the Quad Cities, which means more jobs for skilled workers. A new program at Black Hawk College is equipping local residents with the tools they'll need to join the next generation of construction workers.

On today's WVIK News Focus, Renata Sago reports.

This week on Midwest Week, a look at casino gambling in the Quad Cities - how healthy is it, and how the business might change in the coming years.Herb Trix's guest is Jeff Ignatius, managing editor of the River Cities Reader.

Rhythm City Land Plan

Sep 3, 2014
submitted / Rhythm City Casino, Scott County Casino LLC

Plans for a 110 million dollar land-based casino are now in the hands of Davenport city staff. Tuesday night, officials from the Rhythm City Casino presented details of their project to Davenport's Planning and Zoning Commission. General manager, Mo Hyder, says the 40-acre site is at the southwest corner of Interstate 80 and I-74.

Deere and Company plans to layoff more than 600 employees at four farm equipment factories, including two in the Quad Cities. Today Deere announce it's responding to reduced demand for combines, sprayers, cotton pickers, grain drills, seeding equipment, and other products. 

Now that they're out of the military, one of the toughest missions for veterans these days is finding a job. On Thursday, hundreds of veterans attended the 3rd annual "Hiring Our Heroes" job fair in Davenport. Some have been out of work for years, while others hope to find something better.

On today's WVIK News Focus, Renata Sago has more.


After setting 15 quarterly earnings records in a row, the streak is over for Deere and Company. This morning, it reported second quarter profits declined 4% to $981 million. Earnings per share totaled $2.65 compared to $2.76 last year. Worldwide sales dropped nine percent to $9.9 billion from February through April.

We may be seeing a downward trend, but there are too many factors to know for sure. That's what Ron Fournier from the Corps of Engineers says about barge traffic in the Quad Cities in 2013. For all of last year, 13.7 million tons of freight travelled through Lock 15. That's about 44 percent lower than the record tonnage of 31.2 million set in 1999.

The National Guard needs new ambulances, and they're being made in the Quad Cities. This morning the Joint Manufacturing and Technology Center rolled out one of the new ambulance kits on Arsenal Island.

The "desert tan" ambulance sits on the frame of a hum-vee, which is built elsewhere. And it's one of 500 that arsenal employees will make make, assemble, and paint.

Douglas Curel works in Washington DC as "Resources Manager" for the Army National Guard.