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. The professional, scientific and technical services sectors cumulatively represent the largest individual industry in terms of small business investment, with a total of 373,776 small businesses currently working in these sectors.
Approximately 309,851 of these companies 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. Approximately 992,000 of these firms are non-employer companies, while 84,697 have employees. Men own 1,564,944 companies, of which 1,315,000 have no employees, while 249,944 have employees on the payroll.
There are also 112,844 small businesses that are owned by men and women. For more detailed information, find information on the Governor's Office business site here. Informational small business events and webinars are part of the strong support provided to small businesses and start-ups. Learn more about Texas' many business incentives for small businesses and how they can 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. This program, led by the Texas Workforce Commission, aims to help current and newly hired small business employees. There are 4.9 million small business employees in Texas who represent 45.1% of all employees in the state. While most small businesses hire fewer than 100 employees, they are responsible for millions of new jobs created in recent years.
It's one of the top states for boomer and millennial entrepreneurs to set up businesses, according to Forbes (California and Florida are the other two leading states). With just 1,543 small businesses, the business and business administration is the smallest in the state. The Skills for Small Business program provides tuition and fee funding for technical and community college courses. According to the U.S.
Small Business Administration, “small businesses are defined as “businesses with fewer than 500 employees.” There are currently three million small businesses in Texas that represent 99.8% of all businesses in the state. The strengthening of the United States economy in recent years has created many opportunities for entrepreneurs, and the number of small businesses in the United States is increasing.