economy

https://www.livestories.com/ / Zoom press conference with cities of East Moline, Moline & Rock Island

Three of the Illinois Quad Cities are working together to help businesses recover from the COVID-19 shutdown.

Jay Pearce has more. 


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. 

Michelle O'Neill / WVIK News

As Iowa voters get ready to go to the caucuses, small business owners are looking for answers from democratic presidential candidates.

Donna Walley owns Aunt Hattie's Fanciful Emporium in LeClaire.

She decided to support Andrew Yang after researching candidates' plans to improve the economy.

Walley is concerned because online shopping has caused a dramatic change in retail across the country. "Amazon is killing us, absolutely killing us."

http://www.iowabusinesscouncil.org/documents/filelibrary/IBC_CorpBrochure_E86E426CED0D0.pdf / Iowa Business Council website

The latest survey from the Iowa Business Council shows economic activity in the state is improving. The group’s 4th quarter index stands at 59, up two points from last quarter. That’s still one point lower than a year ago. Any mark above 50 shows business sentiment among corporate executives is positive.

The results are especially strong for the future sales index which is at 66, seven points higher than the third quarter.

The Iowa Business Council consists of the top executives at Iowa’s largest companies, plus the presidents of the three regents universities.

submitted / Arconic Davenport Works

The Alcoa factory in Riverdale is now known as the Arconic Davenport Works. As of this morning, Alcoa has been split into two, publicly traded companies. And officials held a ribbon cutting to show off a large sign that features the new logo and name.

submitted / Dave Frasier

Tomorrow, business students and professors will celebrate their new location in the Quad Cities. Tomorrow, the University of Iowa's Tippie College of Business will hold a dedication and ribbon cutting at the new building on 53rd Street in Davenport.

RI High School Students Learn to Run a Business

Aug 10, 2015
INCubatoredu

Students at Rock Island High School will make their own business plan and test it in the community. Last week, the school launched a new entrepreneur program, to teach students how to run a business. Rock Island High School business teacher, Trish Matson, says only about 9 schools across the US offer the Incubator Entrepreneur Program. And, high schools are an "untapped market of new ideas and innovation."

She says an old childcare classroom has been renovated to look like a Google office, with open space and work stations. And, 45 students are working in teams of 5 to create a business plan, conduct market research, and test it on potential customers.

Michelle O'Neill / WVIK News

  The countdown has officially begun for the John Deere Classic, which will be held the first full week of next month. Monday morning, the tournament hosted media day for reporters, photographers, and others to learn about what's new this year.

Michelle O'Neill / WVIK News

The calendar is packed with spring and summer events for tourists to enjoy in the Quad Cities and northwestern Illinois. This afternoon at the botanical center in Rock Island, officials from the Quad Cities and Henry County convention and visitors bureaus, plus Geneseo, Moline, and Rock Island parks departments discussed the power of tourism and previewed dozens of arts and recreation events.

WVIK

The arts have a substantial on the local economy. Non-profit organizations, like theaters and galleries, bring $71 million to the area each year. That pays for 1,900 full-time jobs and contributes $8 million in local and state taxes.

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