Promoting International Investment in the Quad Cities - FOX 18 Quad Cities News and Weather

Promoting International Investment in the Quad Cities

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Davenport city leaders spent the weekend in Washington D.C. meeting with dozens of potential investors, trying to convince them to bring their money to the Quad Cities.

Mayor Bill Gluba says he has at least six prospects that look promising now.

Gluba says he has high hopes not just for his own city, but for the Quad Cities Area as a whole, after his time at the US Department of Commerce's Select USA Investment summit.

Davenport was one of just a handful of cities represented at the summit, which featured investors from more than 60 countries.

A family connection got our city leaders an invitation to the meeting, where they say they formed as many connections with investors as they could.

After returning home on Saturday night, they said one of the most promising leads they formed was with a Chinese investor.

Mayor Gluba says he doesn't want to reveal too much about this potential investor yet, but he did tell us if the prospect pans out, it could mean new manufacturing or processing plant in Davenport and a major boost to our local economy.

"I think anytime you can bring highly-skilled, high paying jobs, especially if you can get direct foreign investment, you're really helping to accelerate the economic climate of your community," Tory Brecht, Davenport Business Development Manager, said.

"We can compete with the best of them, as far as I'm concerned," Mayor Gluba said, "We've got great schools, we've got community colleges that can train people, we've got land, we've got sites available. We just have to find someone who wants to spend the money and grow."

Mayor Gluba and the city's Business Development Manager say they will be in contact with the investors they met over the next few weeks.

They say the Chinese investor may visit the Quad Cities by the end of the month.

Gluba says the Quad Cities should be doing more to attract new investors to the area. He says, combined, the cities spend one to two million dollars doing that each year.

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