Texas' small businesses are key to the state's well-being. They account for a significant share of the state's economic production and hiring. Small businesses create a substantial number of Texas' new jobs, and they bring dynamic ideas, innovative services, and new products to the marketplace.
For SBA Disaster Assistance to Texas residents and businesses affected by the severe flooding click here.
Did you know?
- Small businesses account for the majority of the employers within the State of Texas, and are a driving force behind our economy. New business creation is vital to our ability to increase the gross state product, state personal income, and total state employment.
- There are more than 2.2 million small businesses in Texas. Of these, more than 390,000 were direct employers, and they accounted for over 45% of private-sector jobs in the state. Small firms made up more than 98% of the state's employers.
- Business ownership is becoming more diverse and inclusive in the state. In the last decade, the number of both women and minority small business owners has grown. In particular, minority-owned businesses recently numbered over 725,000.