While the national and global economies continue to cause uncertainty and unease, Tusculum College and Lowland Credit Union are pulling together to help citizens in Hamblen County make sense of recent economic and financial changes and conditions by bringing in experts with the latest information regarding the impact of the financial crisis on the local economy.
On July 16, a panel of Tusculum College business and economic professors will participate in an Economic Forum at First Presbyterian Church in Morristown. The program, which will begin at 4:30 p.m., is open to the public and free of charge. Topics include regional economic statistics, strategies for economic development in an uncertain economy and financial tips for the troubled consumer.
According to local financial officials, the shakeups of Wall Street, the collapse of mortgage markets and the need for government bailout subsidies have created financial turbulence for the banking industry and the U.S. economy. To address these issues and the uncertainty they cause for many people, Lowland Credit Union, along with Tusculum College, are working together to sponsor this Economic Forum for the community.
“With the rapidly changing financial markets, it is vital that everyone understands the many changes taking place,” said Mark Creech, chief executive officer of Lowland Credit Union.
“It is not easy to understand all that is changing, even for those of us who live in this environment every day. Our credit union chose to sponsor the event to provide our members, as well as the community as a whole, the opportunity to gain a better understanding and much more knowledge as to all the changes taking place in these difficult times,” he added.
Tusculum College is providing faculty experts to participate on the panel and co-sponsoring the event.
“During these difficult economic times, Tusculum College is privileged to partner with the financial community to provide clarification of the causes of the problems that we are currently facing and to discuss viable alternatives,” said Tusculum College President Dr. Nancy B. Moody. “Tusculum College is proud to sponsor the Economic Summit and to lend the expertise of our faculty and staff to the discussion.”
The Economic Summit is free of charge and open to the public. For more information, contact Rhonda Smith at 423-636-7300.