Economy & Business news / 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. 


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.

You could call it the calm before the storm. Unemployment in the Quad Cities went down in March, just ahead of the huge numbers of applications that have since been filed due to the pandemic.

Hoping to protect its businesses and their jobs, the Village of Milan has set up a Business Assistance Loan Program. Because of the pandemic, it's offering forgivable loans and zero interest loans of up to 2,500 dollars.

Another John Deere factory has been affected by the coronavirus. This time it's the Harvester Works in East Moline.

Quad City International Airport

As the coronavirus spread across the US in March, airline travel began to fall off sharply. And at the Quad City Airport, passenger traffic dropped 46 per cent compared to the same month a year ago. / Quad City International Airport

The Quad City International Airport will receive some welcome help from Washington during the pandemic. The federal stimulus bill includes 8.1 million dollars for operating and maintenance expenses.

submitted / Joint Manufacturing & Technology Center

Workers on Arsenal Island are busy helping the Army and federal government respond to COVID-19.

Michelle O'Neill reports the Joint Manufacturing and Technology Center opened the Advanced and Additive Manufacturing Center of Excellence about a year ago.