The Quad Cities Regional Economic Development Authority (QCREDA) has received state authority to sell $1.5 million in bond financing to help finance two manufacturing projects creating about 92 new jobs in Rock Island.

The $1.5 million will be added to a combined $3.7 million in bonding authority QCREDA received in late April from the cities of Moline and Rock Island. QCREDA will sell more than $5 million in tax-exempt bonds to help IsoTech of Illinois Inc. and Nancy's Pies expand their operations.

IsoTech, which makes protective bearings, wants to expand its operation in the Rock Island Industrial Park. The expansion would mean a 30 percent increase in its workforce of 46.

Nancy's Pies Inc., which ships frozen pies nationwide from its operation on 11th Street, would add 80 jobs when its expansion is complete.