Media Coverage

Quad City Times: QCREDA doles out disaster bonds to Illinois companies
Augustana College Expansion
The Quad Cities Regional Economic Development Authority (QCREDA) was created by action of the Illinois General Assembly and is a general development agency for the counties of Henry, Knox, Mercer, and Rock Island. The Authority’s powers enable it to issue taxable or tax-exempt revenue bonds on behalf of a company for the purpose of developing, constructing, acquiring or improving facilities within the territory of the Authority. These revenue bonds can be quasi-guaranteed moral obligation bonds of the State of Illinois, that is generally rated by Standard and Poors as an investment grade AA- to A+, which often results in a lower interest rate for the borrower than may otherwise be obtainable if the bonds were rated only on the strength of the company.


Air Force One is no stranger to the Quad City International Airport. The Blue Angles often participate in the area’s annual air-show and appreciate the expanded facilities of the airport, Elliott’s Flying Service and state-of-the-art safety equipment.