NC Economic Forecast gathers state economists and business leaders to discuss financial future
Thursday, January 9, 2020
The League, alongside Coastal FCU, LGFCU, and Truliant, attended the 18th NC Economic Forecast Forum on January 7 to engage in discussions and gain perspective from leaders in economy, business, and government. Co-sponsored by the NC Chamber of Commerce and the NC Bankers Association, the event brought panels of community developers, business leaders, and economists to discuss economic trends, obstacles and remedies. Panels were convened by experts from financial services, construction, wealth management, and higher education.
Participants listened as tough issues were raised, such as investment in education, workforce development and infrastructure – including rethinking how those items are paid for – all things that can help local economy continue to grow.
Keynote speaker Kelly King, Truist CEO, said that while most in the room have enjoyed benefits of a growing economy, not everyone in the community has shared in that financial success and mentioned poverty and child illiteracy as continuing problems. King stated two-thirds of third-graders coming out of public school can’t read, and over half of Americans don’t have access to $1000 in the event of an emergency. He challenged the audience to do better in creating opportunities. King said the greatness of the United States is there are or should be equality in opportunities, not necessarily equality in outcomes; but everyone has the same chance to succeed. Leaders must do better at supporting equality in opportunities, like education, workforce development and infrastructure.
“We make a point of participating in this event annually and we’re thrilled to join this year by representatives from Coastal FCU, LGFCU, and Truliant," said CCUL VP of Governmental Affairs Evelyn Hawthorne. "This discourse is always thought provoking and, in this case, reassuring. With our members, the League has always focused advocacy efforts on initiatives that improve access to opportunities for our credit unions' members."