Economy

Economy & Business news

https://goo.gl/5vRB3s / Philanthropy.com

People who raise money for nonprofits and foundations are facing new challenges.

Michelle O'Neill reports one expert says a new, federal tax law is a big cause for concern.

Stacy Palmer, Editor of the Chronicle of Philanthropy, says overall, charitable contributions have been increasing, from low income earners and those on the high end. But middle income earners are the group that's giving less. 

Unemployment held steady in the Quad Cities last month - at 3.7 per cent - the same as in November a year ago. But the rate rose in nearly every other major metropolitan area in Illinois.

submitted / Quad Cities Chamber of Commerce

Rock Island School District  Superintendent, Dr. Mike Oberhaus, will go to work for the Quad Cities Chamber of Commerce. Today, the chamber announced it's hired Oberhaus as its new Vice President of Finance and Administration. He already announced his retirement next summer.

https://goo.gl/ZweqBK / npEngage website

During and after the recession, most charities were forced to operate with less money.

Now, ten years later, Michelle O'Neill reports contributions have been rising, but nonprofits and foundations in the Quad Cities face other challenges.


file / Green Thumb Industries

Rock Island is attracting more business, and a handful of new deals should create 200 jobs.

At tonight's city council meeting, aldermen will consider five development agreements worth millions of dollars.

https://www.hyatt.com/en-US/hotel/illinois/hyatt-place-east-moline-quad-cities/mlize / Hyatt Place Hyatt House

People who worked at the old Case I-H plant in East Moline never had river views like this. This afternoon, city officials, developers, and others will cut a ribbon to celebrate the grand opening of a new Hyatt hotel. It's the anchor for "The Bend of the Mighty Mississippi," the development project that's transforming the riverfront where farm equipment was made for decades.

Modern Woodmen has decided to sell its bank. Thursday the fraternal financial services organization based in Rock Island announced an agreement with Axos Bank, based in San Diego.

WVIK News

Two years ago Friday, Governor Bruce Rauner made a lot of friends in northwest Illinois when he saved hundreds of jobs at the Cordova Nuclear Plant. At Riverdale High School in Port Byron, he signed the Future Energy Jobs Bill, designed to encourage Exelon to keep the plant open.

Newbury Living

Downtown Bettendorf will soon be home to hundreds of new residents. Later this month, the first tenants will start moving in to the Bridges Loft Apartments, on State Street, between city hall and I-74.

Unemployment rose slightly in the Quad Cities last month - up one-tenth of one per cent to 3.9 per cent. The Illinois Department of Employment Security says there were similar small increases in most of the state in October, mainly due to more people entering the job market and not due to layoffs.

Pages