Will the latest COVID spike impact the economy in the fall? North Texas CEOs make predictions

  • No one is sure if the local spike in COVID-19 cases will continue indefinitely, but local executives made their predictions for the rest of the year.

Just as North Texas seemed to be heading into a post-COVID world, the Delta variant and high levels of unvaccinated residents have contributed to a skyrocketing number of cases.

While more than 2,000 patients across North Texas were hospitalized this week and Dallas County fights an executive order banning mask mandates, many businesses are struggling to get a hold on where the spike in cases leaves them.

The Dallas Business Journal staff spoke to CEOs and other decision-makers based in Dallas-Fort Worth about what they see in their respective industries and what the ballooning numbers could mean for their third and fourth quarter strategy.

John Steinmetz, President and CEO, Vista Bank:

“Being one of the few banks that participated in all elements of the CARES Act, and worked for small- and mid-cap companies, we are seeing the fruits of those labors, and we are continuing to push forward. We are by no means looking in the rearview mirror and continue to really be optimistic about where we're going in the future. Interest rates are difficult. They make it a challenging industry today, because of the interest rate environment. But we're very blessed to live in Dallas and are bullish for the future.”

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VistaBank