Texas ranks near the top in growth of women-owned businesses

By July 22, 2014Uncategorized

Photo by Nick Simonite

From Dallas Business Journal by Kritika Kulshrestha

Texas ranks No. 2 among U.S. states for the fastest growth in the number of women-owned businesses between 1997 and 2014, Entrepreneur magazine reported. The number of women-owned firms in Texas grew by 98 percent and is part of a trend among other Southern states where female entrepreneurship is on the rise. Mississippi, Alabama, Florida, North and South Carolina are also in the top 10 states for women-owned business growth. The findings were highlighted in a studytitled “2014 State of Women-Owned Businesses”. The study, published in March, was commissioned by American Express OPEN – a division of New York-based American Express Co. (NYSE: AXP) – and was prepared by Womenable, a Michigan-based research and policy development consultancy.

The study also said that 28.2 percent of Texas businesses are owned by women, ranking No. 18 compared to other U.S. states. Georgia topped the list with the the number of women-owned firms growing by 118 percent between 1997 and 2014. In June, Texas ranked No. 2 in CNBC’s America’s Top States for Business and a report released last week by Indeed Hiring Lab shows the Lone Star state is No. 1 in location desirability for job seekers, and is also the top destination in the U.S. for oil and mining job-related searches.


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