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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 Friday, May 24, the 144th day of 2013. There are 221 days left in the year.
1863 -- 150 years ago: A military escort will be at the square at 9 a.m. tomorrow forthe funeral of Lieut. Joseph Eaton. The county judge is absent in Chicago, which willaccount for his not being in the procession.
1888 -- 125 years ago: Rock Island's City Council last night appropriated $95,000 forexpenses for the 1888 and 1889 fiscal year.
1913 -- 100 years ago: Mrs. F.W. Reimers last night was re-elected president of the RockIsland Musical Club at a meeting in the New Harper Hotel.
1938 -- 75 years ago: Seven members of Boy Scout Troop 21 got their Eagle badges lastnight. They were Ralph Hurt, Robert Nelson, Howard Schersten, Cecil Nelson, RobertFryxell, Clarence Stone and Rollin Hurt.
1963 -- 50 years ago: Mayor Morris Muhleman has resorted to a form letter in an effort toanswer objections to the wheel tax increase. "It was my hope that I could, in some way,restore the faith of the citizens in our city. In order to do this I knew I must face the factthat I would become very unpopular."All they are trying to do is protect the citizensproperty and build their town.
1988 -- 25 years ago: RICCA, the Rock Island County Council on Addictions, inconjunction with the Quad City Downs, will hold its annual "Night at the Races" June 2.The benefit "Night at the Races" will raise funds locally to assist in maintaining the twohalfway houses, New Hope Lodge (for women) and Beacon House (for men).
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