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Monthly Archives: April 2020

Dupaco plans Learning Lab branch in Cedar Rapids

Dupaco Community Credit Union is planning its newest interactive Learning Lab branch in the Corridor.

NewBo City Market resumes with limited outdoor events 

NewBo City Market in Cedar Rapids will host Farmers Markets and Food Trucks, beginning the first week of May, to support small local businesses and farmers while maintaining social distancing guidelines and state regulations regarding COVID-19.

Freight volumes approach cliff as shutdown stretches on

The coronavirus pandemic has disrupted manufacturing supply chains and shut down entire sectors of the economy, leaving Corridor trucking and logistics companies bracing for impact.

QCR profits down as COVID-19 slows loan growth

The parent company of Cedar Rapids Bank & Trust reported lower earnings in the first quarter, as higher provisions for loan losses due to the COVID-19 pandemic and one-time charges related to the sale of two businesses weighed on results.

Passenger numbers plummet at Eastern Iowa Airport

After three years of record-breaking numbers, the Eastern Iowa Airport’s (CID) March passenger traffic dropped 44.4% compared to the same month in 2019, showing the stark effects of diminished travel due to COVID-19.

Broadband’s big moment

Customers are relying on broadband to take online classes, work from home, make telehealth visits and even to sign up for unemployment benefits. Meanwhile, they’re also accelerating their consumption of social media, entertainment download and online games.

Finkenauer introduces bill to expand biofuels’ reach

Iowa’s First District Representative Abby Finkenauer today introduced a new bill that would provide $500 million over five years to retailers installing and converting their fuel pump infrastructure to deliver higher blends of ethanol and biodiesel.

Frustration returns for bankers in round 2 of PPP

Iowa banks struggled to get Paycheck Protection Program (PPP) loans processed on Monday after the second round of the U.S. Small Business Administration opened to technical problems that seemed much like a reply of the troubled first round.

Reynolds begins reopening 77 of state’s 99 counties

Select businesses can reopen on May 1 in 77 of the state’s 99 counties that have shown downward trends in coronavirus cases, Gov. Kim Reynolds announced on Monday — but that largely excludes the Corridor.

Ag tech startup Rantizo joins COVID-19 fight

Agtech company Rantizo is adapting its drone spraying technology this spring to help combat the spread of coronavirus in sports stadiums.

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