Teresa Percy is a consultant to Porter, White & Company and assists the firm in a variety of research, analysis and marketing projects. Teresa was employed by Porter, White & Company from 1988 to 1993, initially as the Manager of Research and then as a Vice President. During her tenure with the firm, Teresa worked in several areas of the company, including real estate, corporate finance and public finance.

Her responsibilities included the following:

• Industry and company research for private placements, mergers and acquisitions and valuation projects;
• Arbitrage rebate analyses for tax-exempt bond issuers, valuation of investment portfolios and verification of compliance with investment portfolio policies for tax-exempt clients, and preparation of official statements in connection with the issuance of tax-exempt bonds;
• Market analyses and property research in connection with the development, acquisition or sale of properties.

Teresa has also worked for St. Vincent's Hospital as Director of Marketing and later as Director of Business Development. She prepared business plans for new services and comprehensive market analyses for the hospital. This included analyzing hospital utilization, patient satisfaction, market share, and analyzing the effects of managed care in a changing healthcare market.

As an independent consultant, Teresa specializes in preparing detailed demographic and economic analyses for businesses. This work has been included in state and federal bank charter applications, official statements for tax-exempt bond issues and site selection analyses. She prepared the socioeconomic analyses for Porter, White & Company during its Honda Motor Company's site selection engagement that resulted in the construction of a high profile plant in Lincoln, Alabama. This assignment included analyzing population, income and labor market information, and also researching cultural opportunities in over two dozen markets in the United States. Teresa's skills include GIS mapping, which is useful in virtually all aspects of her work.

Teresa is also experienced in the utilities industry, and has completed extensive research in the water, sewer, electric power and natural gas industries.

Teresa has closely followed Birmingham's economy for nearly 20 years. As a graduate student at UAB, she assisted in publishing the Urban Alabama Business Newsletter, a publication prepared by the Department of Economics. Currently, Teresa prepares PW&Co's Birmingham Area Economic Report quarterly and serves on the Birmingham Regional Chamber of Commerce's Council of Economic Advisers.