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Peter Rodriguez, dean of Rice University’s Jones Graduate School of Business, does not believe that Houston is facing the end of the oil economy. But he does agree that this latest bust is different from previous cycles.
If anyone could be pardoned for not having the time or energy to do more — to “go the extra mile” — it’s Mercede Barnes. The mother of a middle-schooler and an entrepreneur with her own business, Barnes is also a graduating MBA student at Rice University’s Jones Graduate School of Business.
“We probably have to let go of energy as being the No. 1 industry in the long run,” Peter Rodriguez, dean of the Jesse H. Jones Graduate School of Business at Rice University, said in an interview. “That primacy is no longer in the cards for Texas.”
Rice MBA Ope Amosu recently opened his fast-casual restaurant ChòpnBlọk in Post Houston, the renovated Barbara Jordon Post Office downtown.
The economic hit to oil in regions from Houston to West Texas to South Texas means not just failing energy companies but laid off workers not able to make mortgage payments, restaurants and shops going out of business and motels with empty rooms, said James Weston, a finance professor at Rice University.
The Rice Alliance for Technology and Entrepreneurship and Rice Business have announced the 42 student teams that will compete in the 2022 Rice Business Plan Competition, which returns to an in-person format on the Rice University campus in April.
The 2022 Rice Business Plan Competition (RBPC), hosted by the Rice Alliance for Technology and Entrepreneurship and the Jones Graduate School of Business, will be back in person and on campus April 7-9.
"Entrepreneurship and the creation of new businesses and industries are critical to Houston and Texas' future prosperity and quality of life," says Yael Hochberg, Rice finance professor who leads Lilie, in a release. "Rice students continuously seek to lead change and build organizations that can have real impact on our world."
Anderson Family Commons, McNair Hall
