The Lone Star State is home to an impressive 3 million small businesses, employing 4.9 million people, according to the U. S. Small Business Administration. This accounts for more than 45.1% of Texas' private sector workforce.
The professional, scientific and technical services sectors are the largest individual industry in terms of small business investment, with a total of 373,776 small businesses currently operating in these areas. Of these, 309,851 are non-employers, 59,299 have 1 to 19 employees and 4,626 have 19 to 499 employees. Women own a total of 1,076,697 small businesses in Texas. Of these, 992,000 are non-employer companies and 84,697 have employees.
Men own 1,564,944 companies, with 1,315,000 having no employees and 249,944 having employees on the payroll. There are also 112,844 small businesses that are owned by both men and women. The business and business administration sector is the smallest in the state with just 1,543 small businesses. The Skills for Small Business program provides tuition and fee funding for technical and community college courses.
According to the U. Small Business Administration (SBA), “small businesses are defined as “businesses with fewer than 500 employees”. This means that 99.8% of all businesses in Texas are small businesses. The strengthening of the United States economy has created many opportunities for entrepreneurs and the number of small businesses in the country is increasing.
The Governor's Office provides strong support to small businesses and start-ups through informational events and webinars. Additionally, Texas offers many business incentives for small businesses that can help promote innovation in your business. Over the past decade, Texas has won more awards for a healthy business climate and job growth than all other states combined.