Bauer Business Focus

Economic Summit Looks At Houston Business Plans As Oil Prices Drop

The West Houston Economic Development Summit looks at the effect of lower oil prices on the cost of doing business.

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Richard Helmey
Richard Helmey

Lower oil prices can mean lower shipping costs, and also make it cheaper for companies to fun fleets. But that downturn has a domino effect on retail businesses and real estate. Today at the Omni on the Katy Freeway, the West Houston Economic Development Summit looks at what’s in store for businesses in West Houston.

Richard Helmey is with TruColor Graphics, and on Friday morning’s Bauer Business Focus he talks about factors that could impact business in 2016.

The summit features the Houston and West Houston Region Economic Outlook Report, presented by Dr. Bill Gilmer, the director of the Institute for Regional Forecasting at the University of Houston Bauer College of Business. It’s the first-ever broad survey of West Houston business leaders across all business sectors, providing insight into hiring, investment, and borrowing plans for next year.

An economic sector panel discussion features Mario Arriaga with the Houston Association of Realtors, Chanda Cashen Chacon with Texas Children’s Hospital, Pete Delongchamps with Group 1 Automotive and Francisco Rivero with Mercantil Commercebank.

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