Newspaper article THE JOURNAL RECORD

JPMorgan Market Exec David Page Takes Helm of Tulsa Metro Chamber

Newspaper article THE JOURNAL RECORD

JPMorgan Market Exec David Page Takes Helm of Tulsa Metro Chamber

Article excerpt

The nation is at a crossroads and David Page said now is not the time to conduct business as usual.

"We cannot afford to be frozen by the economic woes facing other regions of the country," said Page, market president for JPMorgan Chase and Co. "We must acknowledge these are challenging times and still move our agenda forward."

On the day when the world watched the new president take the oath of office in Washington, D.C., the Tulsa Metro Chamber inaugurated Page as the 2009 chairman of the board of directors.

More than 1,200 business leaders, local officials and citizens were in attendance as the chamber formally inaugurated Page at its annual meeting Tuesday afternoon.

Outgoing chairman Stan Lybarger, CEO and president of Bank of Oklahoma, said a year ago he discussed how the local economy was sound and growing.

"What a difference a year makes, at least from an economic perspective," he said. "The sky isn't falling in Tulsa, but the full ramifications are yet to be seen."

Lybarger said while it is important to be cautious, there isn't cause for alarm yet. He pointed out the 1980s presented a similar challenge and the city made it through.

Tulsa still remains below the national average in unemployment, he said.

Lybarger presented statistics to provide an economic snapshot of the state and the region. In 2009, the number of jobs in the Tulsa area is projected to range from unchanged to down 0.2 percent, while the national average is expected to decline 1.5 percent.

Reflecting on the past year, Lybarger said Tulsa moved forward by investing in streets, education and infrastructure.

He mentioned the opening of the BOK Center and the groundbreaking for Oneok Field as successful endeavors to grow Tulsa's economic base.

"This is not the time to bury our heads in the sand," he said. "We must continue to move forward. …

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