Local officials address San Antonio's business climate following company shutdown

SAN ANTONIO - The recent closure of International Paper in San Antonio has raised questions about potential broader economic trends in the region.

To gain insight, local officials provided an overview of the business climate in the area.

Jeff Webster, CEO of the Greater San Antonio Chamber of Commerce, noted that the challenges faced by International Paper are not unique to San Antonio.

He described the situation as part of a general business issue affecting multiple markets.

"There are challenges in the labor market, including the cost of labor and finding the right talent," Webster said. "However, these issues are not alarming at this point."

He emphasized the Chamber's commitment to supporting local businesses, stating, "We're trying to find solutions as part of our effort for business retention and expansion. We want to help these companies grow."

Romanita Matta-Barrera, Chief Business Advancement Officer for Greater SATX, shared an optimistic outlook despite some business closures.

"We're seeing growth in key employment sectors like manufacturing, IT, and financial services. This steady growth will carry us into the new year," she said.

Matta-Barrera highlighted recent developments, such as new flights to Washington, D.C., and Frankfurt, Germany, which she believes will attract more business to the San Antonio area.

"We are here to support companies as they look to grow or relocate, with opportunities coming from across the globe," she added.

In response to the closure of International Paper, Greater SATX is collaborating with Workforce Solutions to assist affected employees in finding new job opportunities.