The state is home to 3 million small businesses, employing 4.9 million people, according to the U.S. UU. That represents more than 45.1% of Texas' private sector workforce. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5000 or more.
Texas is known for its entrepreneurial spirit and rich history of innovation. Today, the Lone Star State has the best business climate in the nation. Home to 3 million small businesses, our state is focused on developing an environment where entrepreneurs have the freedom to aspire, grow and thrive. Over the past decade, Texas has won more awards for a healthy business climate and job growth than all other states combined.
Loans finance the development and production of new or improved products or the stimulation of new or existing small businesses in Texas. The Texas Product Development and Small Business Incubator Fund (PDSBI) provides asset-backed long-term loans to product development companies and small business incubators and accelerators located in Texas. Learn more about Texas' many business incentives for small businesses and how they can promote innovation in your business. Offices offer a variety of services, including permitting, licensing and compliance assistance, small business resource referrals, and small business webinars and informational events.
The Business Permitting Office helps navigate the Texas regulatory, licensing and permitting environment and helps resolve permit issues. To contact the small business support team, use the governor's small business resource portal and you'll have the option to schedule a call with the team at the bottom of the personalized results list. From burgeoning venture capital investments to growing business activity, Texas is home to a strong business environment. For more detailed information, find information on the Governor's Office business site here.
For example, the Texas Workforce Commission provides Small Business Skills grants, which support businesses with fewer than 100 employees by incentivizing the training of new full-time workers. Small Business Association, Texas small businesses employ 45.1% of the private workforce, or 4.9 million people, a figure that is expected to grow. In addition to Texas grants for small businesses, entrepreneurs can benefit from assistance with obtaining a Texas small business license, regulatory compliance, and resource referrals. These small business statistics for Texas do not include all self-employed people working in Texas.
The Lone Star State's healthy business environment leads to the success of many businesses that start here.