(AUSTIN) — Recent studies rank Texas high for the growth and economic success of its women-owned firms. The state ties for first in the nation for economic “clout” – a measure combining the growth in the number, employment and revenues of women-owned firms. And Austin, San Antonio, Dallas and Houston are among the top U.S. metropolitan areas for such businesses.
Yet there’s still room for improvement. Texas-based, women-owned firms with employees made up just one-fifth of the state total and less than 5 percent of annual payrolls, according to a recent U.S. Census Bureau survey.
“I’m proud of the fact that Texas is one of the best states in the nation for women-owned businesses to put down roots and grow,” Texas Comptroller Glenn Hegar said. “Their numbers, revenues, job counts and economic clout continue to smash glass ceilings.”