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Business

Hank Holmes On How Low Oil Prices Affect Houston Business Spending

Energy and construction are scaling back, but other industries are pushing ahead full throttle.

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Hank Holmes, the Houston-based president of Cadence Bank

In recent months, energy and energy services companies have scaled back exploration, idled rigs, and laid off workers. But other Houston industries continue to thrive, in spite of low oil prices. Hank Holmes is the Houston-based president of Cadence Bank. He joins Andrew Schneider on the Bauer Business Focus to discuss the outlook for business spending. Listen above to the interview. 

 

Here are some of the highlights:

  • On real estate: “Most of the real estate companies at this point are finishing what’s under construction, but at this point, you don’t see a lot of new projects coming online.

  • On trade and transportation: “With the expansion of the Panama Canal, Houston is positioning itself to be a very large beneficiary of that tonnage coming in. And in order for us to make sure that we meet the demands of what’s coming into the Gulf, we need the capital improvements. We need to focus on developing in the Port [of Houston].

  • On health care and biotechnology: “All of the industries that are supported in the [Texas] Medical Center continue to perform well…and it’s going to need capital improvements when prices are low in oil and gas or prices are high.”

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media's coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media's business reporter, covering the oil...

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