Understanding the Appalachian Economy

Over the last two years, hundreds interested in broad topics ranging from economic conditions and forecasts to the housing market, interest rates, and local real estate have packed the ETSU Martin Center for the Arts for the event. 

By offering expert analysis, as well as a place for business and community leaders to gather and network, ETSU’s College of Business and Technology is playing a critical role in fostering the success of the economy in the region. 

“We believe strongly in the mission of ETSU, which is to improve the quality of life for the people of this region and beyond,” said Dr. Tony Pittarese, Dean of the college. “These activities are helping us do just that, and we continue to invite the community to come out and engage with us.” 

The forum is a tremendous source of networking and knowledge, as well as a critical platform driving regional economic strategies – and an informed community.  

The 2024 Appalachian Highlands Economic Forum at the Martin Center for the Arts

In addition, White recently received a prestigious Harry S. Truman Scholarship. The Truman Foundation reviews more than 800 applications each year for this highly competitive honor, with roughly 55-65 scholarships awarded. 

McWhorter, with a diverse background in entrepreneurship, corporate finance, and strategic planning, gave a preview of Tennessee’s economic environment and how it relates to Northeast Tennessee. 

ETSU’s Dr. Aryaman Bhatnagar highlighted many topics, including supply chain issues and energy prices. Dr. Jon Smith spoke about the regional economy, offering key insights on employment. Dr. Joseph Newhard explained key data on the housing market, and Dr. William Trainor addressed stocks, interest rates, and more. 

In addition to the annual forum, the university launched a quarterly economic report crafted by experts in economics and finance earlier this year. 

Designed specifically for the Appalachian region, the economic forecast offers insights and observations on a slew of topics, including employment levels, housing prices, and the regional labor force. 

It serves many purposes. 

“This analysis can help local governments, as well as businesses, in terms of planning and developing economic strategies tailored to the region’s specific needs and potentials,” said Dr. Taylor P. Stevenson, chair of the Department of Economics and Finance who holds a Ph.D. in economics. “In addition, such a report informs and empowers our residents about economic conditions.” 

These robust reports and forums have positioned the university as a leader in helping understand the Appalachian economy.  

“Each forum and report we produce catalyzes conversations and actions that are crucial for regional development, ensuring that our community’s economic potential is not only understood but fully realized,” said Pittarese. “An explicit goal of the ETSU College of Business and Technology is to become more purposely involved in the region whether through student projects working with businesses, faculty sharing their expertise in various settings, or our making the external community more present in our research and teaching. By connecting knowledge with action, activities like our annual forum and quarterly reports serve as critical platforms for driving regional economic strategies and fostering informed community engagement.” 

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By O.J. Early   |   Photo by Charlie Warden