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Cherokee Distributing Co. and Food City have teamed up to provide tornado relief with a joint donation of $10,000 to The Salvation Army of Greater Chattanooga.

"Natural disasters can change people's lives overnight," said John Papas, general manager of Cherokee Distributing's Chattanooga operations.

The donation will bring relief services in the aftermath of the tornadoes which struck Easter Sunday.

"The Chattanooga community is strong and will rebuild," said Rick Bishop, executive vice president of operations for Food City. "We are fortunate to have agencies like The Salvation Army on the ground to bring direct relief to those in need."

The Salvation Army of Chattanooga deployed its team after the tornadoes touched down, supplying blankets and emotional and spiritual care. The Salvation Army has continued to provide food, shelter, clothing and comfort.

"We are grateful to Cherokee Distributing Company and Food City for being so quick to support our relief efforts," said Maj. Mark Smith, area commander of The Salvation Army of Greater Chattanooga.

 

Truist doubles COVID-19 recovery aid

Truist is pledging another $25 million for the recovery of underserved communities through small business support and connective technology in Tennessee and across Truist's footprint. The funding doubles the Truist Cares initiative, the company's commitment to COVID-19 relief efforts, now totaling $50 million.

The extra funds from the bank, formerly known as SunTrust, include $9 million to bring technology services to communities in need, $10 million to aid small businesses for more to capital and technical support and $6 million for nonprofit organizations in Truist's footprint.

 

Most Americans expect 5 years of economic woes

Businesses are beginning to reopen and new coronavirus cases are declining, but Americans don't expect life — or the economy — to return to normal any time soon.

Only 1 in 5 Americans expects overall business conditions to be "very" or "somewhat" good over the next year, according to a poll conducted this month for The New York Times by the online research platform SurveyMonkey. Sixty percent said they expected the next five years to be characterized by "periods of widespread unemployment or depression."

Other data tells a similar story. A survey from the University of Michigan last week found that consumers' assessment of current economic conditions had improved modestly in early May, but that their view of the future had continued to darken.

Among those surveyed who were working before the pandemic, about 1 in 10 had lost their jobs in the last two months, and roughly one-third had had their hours cut or otherwise lost income. Of those who had kept their jobs, about 1 in 3 were at least somewhat worried about losing them.

 

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