Texas is a state renowned for its entrepreneurial spirit and rich history of innovation. Home to 3 million small businesses, the Lone Star State has the best business climate in the nation and has won more awards for a healthy business climate and job growth than all other states combined. The U. S.
Census Bureau's QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5000 or more. According to QuickFacts, Texas is home to 3 million small businesses, employing 4.9 million people, representing more than 45.1% of the state's private sector workforce. 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. The state also offers a variety of incentives for small businesses, such as the Texas Workforce Commission's Small Business Skills grants, which support businesses with fewer than 100 employees by incentivizing the training of new full-time workers.
The Governor's Office provides a small business resource portal that offers assistance with obtaining a Texas small business license, regulatory compliance, and resource referrals. The Business Permitting Office helps navigate the Texas regulatory, licensing and permitting environment and helps resolve permit issues. From burgeoning venture capital investments to growing business activity, Texas is home to a strong business environment that leads to the success of many businesses that start here. For more detailed information on Texas' many businesses, visit the Governor's Office business site here.