Texas is renowned for its entrepreneurial spirit and long-standing history of innovation. Home to 3 million small businesses, the Lone Star State is focused on creating an environment where entrepreneurs can aspire, grow, and thrive. QuickFacts provides statistics for all states and counties, as well as cities and towns with a population of 5,000 or more. 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 Governor's Office of Small Business Assistance and the Business Permit Office help Texas small and medium businesses through advocacy, business support, education, and technical assistance.
Texas is known for its Fortune 500 companies, but 99.8% of the state's 3 million businesses are small businesses. To start a business in Texas, you need to complete a series of basic steps and make some key decisions. These include selecting a location, deciding on the business structure, and obtaining the necessary licenses and permits. The Texas Workforce Commission provides Small Business Skills grants to support businesses with fewer than 100 employees by incentivizing the training of new full-time workers.
Loans finance the development and production of new or improved products or the stimulation of new or existing small businesses in Texas. The Skills for Small Business program provides tuition and fee funding for technical and community college courses. This program aims to help current and newly hired small business employees by providing them with the necessary skills to succeed in their roles. The team serves as a focal point in the state for startups and small businesses of all sizes in urban, suburban, and rural communities. If you're considering starting a small business in Texas, take advantage of Texas's many small business grants. Learn more about Texas' many business incentives for small businesses and how they can promote innovation in your business. These small business statistics for Texas do not include all self-employed people working in Texas.
With its favorable climate for entrepreneurs, Texas is an ideal place to start a business.