The Quad Cities and the Economy: A recap of 2022
QUAD CITIES, IA and Ill. (KWQC) – 2022 has been a year of ups and downs or the local economy. Quad Cities business leaders have worked to end the year on a high note.
A few noteworthy moments this year for the Quad Cities: Davenport received a $9.6 million dollars for the Main Street Landing project and the Figge Art Museum and Rock Island receiving $3 million dollars to revitalize it’s downtown.
But the QCA is still below the national average in many key economic categories.
Wage growth for example is not keeping up with the cost of living. The per capita income for the region is $32,732 compared to the national average which is $35,384 per capita.
University of Illinois professor Kenneth Kriz is responsible for writing the quarterly economic report for the Quad Cities area. He says in order to fix the issue of wages not matching the cost of living, a few things must happen.
“If you quote, unquote, fix that, in terms of having…
