Beyond The List: Texas, Houston among best places for women-owned businesses
According to The State of Women-Owned Businesses, 2014, a report published by American Express OPEN, there are more than 178,500 women-owned businesses in the Houston metro area, representing 24 percent of all women-owned businesses in Texas. Between 2002 and 2014, the number of women-owned businesses in Texas increased 52 percent, the fifth -fastest in the nation.
Texas ranked as the ninth best state for women-owned businesses, tied with Utah. The rankings were based on the number of women-owned businesses in the state, the revenue growth between 2002 and 2014 and growth in number of employees in the same period.
Among the metro areas with the greatest increase in number of WOBs, Houston was beat out by fellow Texas markets San Antonio, which ranked first, and Dallas, which came in second. The number of WOBs increased 86 percent in San Antonio and 63 in Dallas. However, Houston dominated when it came to overall revenue increase: WOBs in Houston increased revenues by 112 percent between 2002 and 2014.
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An entrepreneur, especially a young one, needs more than just a great idea to get a business off the ground. Funding, mentorship, networking opportunities and a city’s affordability all play pivotal
The study: Economic Issues for Women in Texas. The study was produced by the Texas Women’s Foundation, established in 2013 as the research and advocacy arm for the Dallas Women’s