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.
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.