The recent closure of local favorites like Karat, Salt and Pepper, and B Cocoa has raised concerns about the economy of Wichita Falls. However, according to Ron Kitchens, CEO of the Wichita Falls Chamber of Commerce, these closures are just part of the natural life cycle of businesses. Despite the shutdowns, Kitchens remains optimistic about the future outlook for the economy.
Inflation is partially responsible for the closure of some businesses in Wichita Falls, but Kitchens believes that new growth is still occurring. This year alone, 38 new companies have opened in the area, bringing over 100 new jobs to the community. This positive sign for the local economy shows that despite recent closures, there is still growth happening in Wichita Falls.
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 the 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.
