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Business Owner Sherrie Detwiler and her husband Bill cut the pink ribbon at The Fashion and Gossip Parlor near Holly Lake in celebration of the completion of her chemotherapy for breast cancer in April 2016

(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.”