April 22, 2015 – Denise Bulat, Executive Director, presented the final draft of the Bi-State Region Comprehensive Economic Development Strategy (CEDS) 2015 Progress Report. She highlighted items from sections of the document, including the progress on goals, data/demographics, analysis on current economic conditions, and a projects list from the Bi-State Region.
She noted that the CEDS progress reports are produced in interim years with a full plan created every five years, as required to receive federal funds.
Bi-State Region governments and development organizations self-reported 66 economic development related projects completed between July 1, 2014 and April 2015. Projects in the list included sewer, water, roads, housing, and business expansions that had public assistance of some kind. The estimated jobs created was 469 with 882 retained jobs and a total of $234 million in investment.
The top three business expansions since July 1, 2014 were Heinz in Muscatine with 130 jobs created; Hill & Valley Inc. in Rock Island with 25 jobs created and150 retained; and Bridgestone Bandag in Muscatine with 138 jobs retained.
The top three losses in the same time period were John Deere in the Quad Cities with 545 jobs lost; Jacobson Warehouse in Rock Island with 137 jobs lost; and Country Stone in Rock Island with 74 jobs lost.
Commissioners approved a resolution to adopt the 2015 CEDS Progress Report, and the report was submitted to the Economic Development Administration.