The economy of Wichita Falls has been facing some challenges in recent times, with the closure of local businesses like Karat, Salt and Pepper, and B Cocoa. However, despite these closures, Ron Kitchens, CEO of the Wichita Falls Chamber of Commerce remains optimistic about the future outlook for the local economy.
Kitchens believes that the closure of these businesses is a natural part of the life cycle of businesses. He also states that inflation is partly responsible for these closures but remains positive about the growth occurring in the area. This year alone, 38 new companies have opened in the area, providing over 100 new jobs to the community. This is a positive sign for the local economy.
While national chains like J.C. Penney’s and Maurice’s have also closed their doors locally, Kitchens does not see this as part of an inflation pattern. He believes that these closures are due to other reasons such as disagreements between companies and mall operators.
Despite recent closures giving a negative impression of the economy, Kitchens believes that the future of Wichita Falls is bright. Construction projects totaling $750 million are set to begin this year, providing a boost to the local economy. The chamber of commerce is also making efforts to support future entrepreneurs and current business owners by launching a six-part series on how to open a restaurant in September.
In summary, while there have been some challenges faced by businesses in Wichita Falls recently, Ron Kitchens remains optimistic about the future outlook for the local economy. He believes that growth is still occurring and that construction projects will provide a significant boost to
