Posted on: June 16, 2017

Women-Owned Businesses in Texas

by Joyce Jauer, Lauren Mulverhill and Bruce Wright

Texas appears at or near the top of most “best of” lists for its business friendliness. But it’s also a great location for an increasing number of women-owned enterprises.

women owned business in Texas

Women play a huge role in the U.S. labor force, recently accounting for nearly 47 percent of the total. And they’re moving into ownership roles as well.

According to one recent study, women-owned businesses now account for 38 percent of all U.S. firms, employ 8 percent of the private-sector workforce and account for 4 percent of the nation’s business revenues. Between 2007 and 2016, the number of women-owned firms in the U.S. rose five times as fast as the total number of companies.

In its sixth annual study based on U.S. Census Bureau data, American Express OPEN reported impressive growth in women-owned businesses in Texas. According to its 2016 State of Women-Owned Businesses Report, which evaluated the nine-year period since the 2007 recession:

  • Texas was second only to California in its number of women-owned firms.
  • Texas ties for first in the nation for the economic “clout” of its women-owned businesses — a measure combining the growth in their number, employment and revenues from 2007 to 2016.
  • San Antonio, Dallas, Houston and Austin are among the top 10 U.S. metropolitan areas for economic clout.

Read more from the original article.

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