Concern About Bank Struggles Should Not Create Concern About Individuals’ Finances
Concern about the collapse of the Silicon Valley Bank should not drive individuals to participate in bank runs. That’s according to Tennessee Tech Finance Associate Professor Alma Nunez. She said the concern about banks failing and withdrawing funds can actually lead to the failure of the banks themselves. “What we have now is called deposit […]
Inflation Concerns Reach Highest Levels In Recent Memory
It has been many years since inflation concerns have dominated the national conversation about United States Economics. That is according to Dr. Thomas Payne, the Dean of Tennessee Tech’s College of Business. Payne said the concern stems from the Federal Reserve’s aggressiveness coming out of the pandemic. Payne said the amount of money being printed […]
$1 Million Investment Into UCDD Micro-Lending From Outside Group
An outside investment group interested in putting $1 million into UCDD’s Micro-Lending Program. UCDD Executive Director Mark Farley said the investment group had been working with Upper Cumberland banks through a federal program. Farley said that now the group is interested in helping UCDD spur business growth. “One of the reasons why they approached us […]
UCDD Receives Largest Allocation In Tennessee For Loan Program
The UCDD received the largest amount of money in the state for its revolving loan program to help local businesses. Director of Economic Development Megan Choate said they received over $5 million dollars thanks to additional CARES Act money through the Economic Development Administration. Choate said the UCDD got nearly five times more money allocated […]
