THIS WEEK IN THE PONCA CITY ECONOMY…
You don’t need us to tell you that the COVID-19 pandemic has been a direct frontal assault on global, national and state economies. We have certainly felt it in Ponca City as well. Take heart. Not everything is closed.
It’s true that certain industries, including aviation, oil and gas, tourism and hospitality to name a few are feeling it worse than others. While you can drive through and get your Chicken McNuggets, the loss of lobby traffic throughout the region has meant that a company that makes Chicken McNuggets may not have to make as many right now.
Likewise a company that makes smokers for restaurants that are not open will not have customers right now and will therefore not be making smokers. You get the idea. Not everyone is feeling the same level of pain and some of our companies are in industries that are doing well and are posed to do well going forward.
Fewer high density apartments means more single family homes which means more garage doors and potentially in-wall vacuum systems. Changing air handling systems means changes to units, components etc. and we make those. We have an excellent food safety company within sight of Enrique’s and that’s going to be more important than ever.
Groceries? They’re distributed right here in the industrial park. Nevertheless, future orders will shape the next few months. In a misery loves company way, every community in the world, let alone the U.S. or Oklahoma, is dealing with this. We’d like to say that we’re better off than most but we just can’t do that….yet.