On Bauer Business Focus – A conversation on the Greater Houston’s Partnership’s recent study on economic growth influences in Houston with Houston Public Media News 88.7 Business Reporter Andrew Schneider.
In a global city, Houston has many factors that influence economic growth, and according to Greater Houston Partnership Senior Vice President of Research Patrick Jankowski, his team aims to shed light on those influences.
Jankowski stopped by Bauer Business Focus recently to discuss the GHP’s first-ever State of Houston’s Global Economy report. GHP helps community-minded business leaders to remain engaged and involved with Houston’s positive growth, addressing challenges along the way through research studies.
“We’re always trying to study what is influencing growth in Houston. As far as the labor force goes, we conducted a study looking into the shortage in middle skills and the ability to recruit talent,” Jankowski said. “This is the logical next step in looking at Houston’s future economic growth, looking into global trade.”
There is an overall voice of concern that rings throughout the city about the dip in oil prices and what effect that’s going to have on Houston’s economy going forward, according to Jankowski.
“The idea was to look at this and see if there was another engine of growth or another thing which can offset the downturn of the weakness that we’re seeing in oil and gas,” Jankowski said.
“Any time you can bring new money into the region, that new money is going to be supporting jobs in the region. Traditionally, we brought new money in because we’re funding oil and gas, we’re selling that oil on the world market and its injecting money back into the economy.”
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