Quad Cities Region Trends October-December 2020

Key Takeaways Q4

  • The COVID-19 surge between Thanksgiving and Christmas impacted recovery, particularly for the hospitality, food and beverage and retail industries.
  • Manufacturing moved at a steady pace, with some impacts within the supply chain. Industry continued to look for ways to automate for efficiency and to bridge workforce gaps.
  • Education continued to partner with industry for creative solutions to meet workforce demand and pipeline development.
  • The number of identified and named business attraction and expansion projects continued to be ahead of expectations, with the year’s goal for new projects already achieved. Workforce availability remained a major factor for companies locating or expanding in the region.
  • The housing market continued to have limited inventory as borrowing rates remained low and households looked for dwellings that met their budget and/or work-from-home and virtual-learning setups.
  • While businesses were planning for capital improvement expenditures, they still looked for more certainty in the economy which will impact expansion timelines.

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Julie Forsythe
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Julie Forsythe
Senior Vice President, Business & Economic Growth
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