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. 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). According to the U.S. Small Business Administration, “small businesses are defined as “businesses with fewer than 500 employees.” Perhaps more than anywhere else, your culture, climate, and lifestyle choices provide opportunities for business owners and workers to work hard, earn a living, and enjoy the fruits of their labor.
Informational small business events and webinars are part of the strong support provided to small businesses and start-ups. 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. There are 4.9 million small business employees in Texas who represent 45.1% of all employees in the state. As part of your overall plan, you'll need to select a location, decide on the business structure, and obtain the necessary licenses and permits.
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. From burgeoning venture capital investments to growing business activity, Texas is home to a strong business environment. It's not just Americans and Texans starting small businesses in Texas; the state is a hotbed for international entrepreneurs. 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.
For more detailed information, find information on the Governor's Office business site here. Loans finance the development and production of new or improved products or the stimulation of new or existing small businesses in Texas. 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.