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Signing of an agreement with LEDS AMERICA
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Press release submitted by Doug Borgeson The developers of the I-74 Technology Park, Bettendorf, announced today the signing of an agreement with LEDS AMERICA to move their high tech manufacturing company to the Park. Alan Frankel, co-developer, stated LEDS will be opening in a temporary facility in Bettendorf within the next 40 days. Frankel continued that the planning and design of a new permanent building has begun. It is projected construction will begin in the summer of 2013. Frankel further stated that the EXTRAORDINARY efforts by Doug Borgeson, Northwest Bank & Trust, the City of Bettendorf, and Bi-State Metropolitan Commission were instrumental in bringing LEDS AMERICA, Inc. to Bettendorf and the Quad Cities. The LEDS facility will be built in phases with an ultimate projection of a $10-12 Million, 50-60,000 sq. foot building with an estimated 130 to 150 high tech jobs. Frankel continued, we expect one or more vendors who service LEDS AMERICA will be moving to the I-74 Tech Park to provide "just in time" delivery of components and supplies. These companies may come from as far away as Singapore and Hong Kong. Frankel further stated, "this is a critical first step in what we hope will open new growth for the Quad Cities." Joel Westermarck, president of LEDS America, expressed his appreciation and satisfaction with effort and cooperation to bring LEDS America to Bettendorf. Joe Slavens, President of Northwest Bank and Trust Company commented, "As a locally owned community bank, the core of our work with businesses is to help new companies get off the ground and to invest in the growth of those that are already established. It is gratifying to see companies like LEDS America decide to be part of the Quad Cities. We are happy to have provided not just the financing, but the financial advisory services necessary to bring these additional jobs to our area." 
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Today is Wednesday, May 22, the 142nd day of 2013. There are 223 days left in the year.
1863 -- 150 years ago: Large quantities of ice from LaCrosse and Lake Pepin are beingshipped on ice boats, towed by steamers to St. Louis and points below.
1888 -- 125 years ago: With the Mississippi River at 18 feet above the low water stage,Rock Island is waging a valiant fight to keep the river from flooding the entire city.
1913 -- 100 years ago: Approval has been given by the city commission for paving 45thStreet between 7th and 11th Avenues.
1938 -- 75 years ago: Herndon Wright, of East Moline, has won the discus-throw title, by aheave of more than 140 feet, to set a new high school record at Champaign.
1963 -- 50 years ago: With the Selective Service Law recently extended by Congress forfour more years, Mrs. Hazel Doris reminded young men that they must register withinfive days after attaining their 18th birthday.
1988 -- 25 years ago: Over 500 Quad-Cities area retired volunteers were honoredrecently for their community services at a Retired Senior Volunteer Program luncheonat Palmer Auditorium in Davenport. Guest speaker, William Moffitt, director of productengineering of Deere & Co., spoke about leadership and stressed the importance ofcommunity volunteers.
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