Skip to main content

Texas No. 1 in the Nation for Female Entrepreneurs

Published Jan 29, 2019 by A.J. Mistretta

Rise to the Top

Texas is No. 1 in the nation for female entrepreneurship, according to a new study from FitSmallBusiness.com.

The study, which ranked all 50 states in terms of their desirability and outlook for female entrepreneurs, weighed the general business climate/opportunity (25%), the number of female-owned business (25%), economic and financial health (25%), and safety and well-belling for women (25%).

The Lone Star State ranked tops thanks to its business friendly legal and economic climate. Throw in the fact that there are no corporate or income taxes and a high rate of startup growth and “startups are flocking to Texas,” say the reports authors. “Plus, with a below average cost of living, you can quickly increase your living standards and improve your lifestyle for less,” they add.

According to data from The University of New Hampshire, the number of female entrepreneurs is on the rise nationwide. In 2018, 23% of entrepreneurs seeking angel investing were female, up from 19% in 2014. What’s more, since 1972, female-owned businesses in the U.S. have skyrocketed 3,000%.

Texas rose to the top spot from eighth in last year’s ranking. Ohio, Minnesota, Washington and Alabama round out this year’s top five, in that order.

The Partnership has several programs geared toward women in business at various stages of their career. Learn more about the Women's Business Alliance and the Executive Women's Partnership. The WBA's annual Rise to the Top event is scheduled for March 8. 

Related News

Digital Technology

Tech, Innovation, Energy and More: Top 10 Houston.org Stories in '19

1/4/20
From a growing population and major tech announcements to what the future holds for the region's core industries, 2019 brought a lot of big headlines to Houston. Here are the top 10 most popular stories on Houston.org in the last year.  1. Houston Population Expected to Exceed 7.1 Million by 2020 In May, we reported that metro Houston added nearly 92,000 residents in 2018, boosting the region’s total population to just under 7.0 million. Based on the growth rate over the last decade, Houston’s population was expected to exceed 7.1 million by the end of 2019. New Census data on population growth will be released later this spring. read more 2. Houston Still Most Diverse City in the Nation, Report Finds  A report released in April by the personal finance site WalletHub showed that Houston remains the most diverse city in the nation. WalletHub looked at diversity among the nation’s largest 501 municipalities across five categories: socioeconomic, cultural, economic, household, and religious. The report examines additional factors such as industry diversity, income, age, religious affiliation, education, language, worker class, and marital status. read more 3. Houston in 1969: A Look at the City Then and Now  With Houston celebrating the 50th anniversary of the Apollo 11 moon landing over the summer, we took the opportunity to compare the Houston of 2019 to the city it was in 1969. With changes in population and core industries as well as major improvements in transportation and trade infrastructure, Houston has evolved into a world class city over the last five decades. read more 4. Why Tech Companies are Choosing Houston  2019 brought a series of announcements in the tech and innovation space, from new offices of companies like Bill.com to a cluster of new accelerators and incubators that opened their doors. The Houston Business Journal reported in March that a growing cohort of tech companies were being lured to Texas and specifically Houston by factors such as cost of living, quality of life and the ability to attract talent. read more Click to expand Rendering of The Ion in Midtown 5. Former Sears to Become Innovation Hub Dubbed The Ion  Early in 2019, Rice University revealed plans for The Ion, a 270,000-square-foot innovation hub inside a former Sears department store in Midtown. Construction on the project began in July with completion expected sometime in late 2020.  The Ion will bring together entrepreneurs, corporations and academic institutions to collaborate under one roof. In announcing the project, Rice said the goal of The Ion was to support businesses at all stages of the innovation lifecycle and provide resources for Houstonians seeking to participate in the innovation economy. read more 6. Houston No. 1 Among Millennials New Study Finds A study released in March ranked Houston as the top city in the nation for millennials. The report from Colorado-based strategy firm The Langston Co. looked at how cities rank across dozens of different dimensions, including culture, climate, transportation, and salary potential. Houston came out on top for offering the best overall value, followed by Atlanta, Dallas, Minneapolis, and Austin, in that order. The study surveyed nearly 3,000 millennials across 22 major U.S. cities. read more Click to expand A rendering of the TMC3 design 7. Design Revealed for Much-Anticipated TMC3 Campus  The Texas Medical Center and its partner institutions revealed a new design for the 37-acre TMC3 campus in May. The massive collaborative healthcare and research campus is expected to break ground in early 2020 just south of the existing TMC footprint. When completed in 2022, TMC3 will bring together Baylor College of Medicine, Texas A&M University Health Science Center, The University of Texas Health Science Center at Houston (UTHealth), The University of Texas MD Anderson Cancer Center and TMC itself within the translational research campus. read more 8. Six Takeaways from Dow Chemical’s Jim Fitterling  A candid conversation with the CEO of Dow Chemical was the keynote of the Partnership’s inaugural State of Houston’s Petrochemical Industry event in February. Dow’s Jim Fitterling talked about a range of topics, from the impact of China’s growth and industry-diversification in the Middle East to talent attraction and the rise of robotics in the petrochem sector. read more 9. 2018 Record Year for Wind Energy; Texas Leads U.S.  Houston ramped up discussions in 2019 around the region’s role in energy transition and the effect that transition will have on our core industries. The city hosted the nation’s largest conference on wind energy in May and as well as other industry events throughout the year that touched on renewables. In April, the American Wind Energy Association released a report with the Partnership showing Texas produced nearly a quarter of all U.S. wind energy in 2018, more than any other state. What’s more, wind production nationwide grew 8% in 2018 over the previous year and the industry supports more than 114,000 U.S. jobs. read more 10. Fintech Co. Bill.com Announces Expansion into Houston  In February, the Palo-Alto, CA-based business software company Bill.com announced it would open a second office in Houston. The fintech company moved into a 25,000-square-foot space in Westchase in September. Bill.com worked with the Partnership in the months leading up to the announcement as the company considered Houston for its new office. The expansion was one in a series of openings and announcements throughout the year that served the bolster Houston’s identity as a growing digital tech hub. read more See the Partnership's sector-by-sector Employment Forecast for the year ahead and get more perspective on 2019 in the Partnership's Economic Highlights report.   
Read More
Economy

Partnership's Business Resource Groups Host Record Activities in 2019

12/20/19
Beyond investing in the Partnership’s mission, the active engagement of our members drives our work.  This year, 4,216 members were brought together for 75 program sessions, delivering enriching conversations, educational workshops and valuable content. Tailored to a unique audience or affinity group, BRGs are also a platform for professional, leadership and business development, empowering employees to bring added knowledge back to their companies. Below is a roundup of 2019 highlights and activities for each of our nine BRGs. Business Beyond Borders: for people doing business internationally  Members of the Business Beyond Borders BRG received global business knowledge and discussed topics including the Circular Economy, different export markets including Latin America and Europe, and various trade initiatives. Business Development: for sales and business development professionals Members who are part of our Business Development BRG met monthly to discuss various topics, including product branding, organizational growth challenges and participated in numerous Progressive Networking events.  Executive Women's Partnership: for qualified female executives EWP is Houston's premier networking group for top female executives from member companies with $100 million+ in revenue. Members receive VIP behind-the-scenes looks at our member companies and peer-to-peer networking opportunities, including this year’s annual retreat exploring the innovation happening in the transportation industry. Future of Texas: for government relations and public affairs professionals Future of Texas features elected officials shaping Texas' future, giving Partnership members the opportunity to engage with these leaders and hear their perspective on our state's most pressing issues. This year the Partnership hosted various elected officials: U.S. Representatives Kevin Brady, Dan Crenshaw, Lizzie Fletcher, Sylvia Garcia and Michael McCaul, Texas Land Commissioner George P. Bush, State Senators Brandon Creighton and Larry Taylor, and State Representative Dan Huberty.  Houston Young Professionals & Entrepreneurs: for people in their 20s and 30s This diverse, Texas-sized group of professionals and entrepreneurs meet regularly to connect with each other, build their careers and learn from Houston thought leaders. This year’s HYPE Impact Awards featured H-E-B President Scott McClelland and HYPE’s Power Hour featured various local leaders. Regions & Neighborhoods: for professionals interested in community engagement The inaugural year of the Regions and Neighborhoods BRG kicked off with a tour of NASA, followed by a discussion around community redevelopment and history in the Fifth Ward and a colorful excursion through the Arts District. Available to Partnership members located in our 11-county region, this BRG explores the districts, wards, Main Street businesses and other unique economic zones and business centers found throughout Houston. Small Biz Matters: for businesses with 50 or fewer employees globally This business resource group is designed for small businesses to make valuable connections through workshops and digital on-demand podcasts and videos. Our Small Biz Insider Series showcased local small business leaders. Talent Resources Group: for HR, D&I leaders, and Talent Attraction professionals The Talent Resources Group addresses talent attraction and retention, diversity and inclusivity awareness, enhancing your corporate culture, as well as continuing education needs for HR and legal professionals. Women's Business Alliance: for managers with 5+ years experience The Women’s Business Alliance (WBA) provides professional development resources to empower high-performing, mid-career women to advance their professional opportunities, form strategic partnerships and build a network of advocates. Our annual Rise to the Top event showcased “first females” in their fields and welcomed Dr. Ruth Simmons, President of Prairie View A&M University, as the keynote speaker.  Our Business Resource Groups are one of the main vehicles our members use to connect and continue the conversation on the issues facing businesses in our region. Become a member and get involved.
Read More

Related Events

Human Resources and Talent Event

Talent Resources Group - ReelWorkplace

In honor of the 30th anniversary of the signing of the Americans with Disabilities Act (ADA), the Greater Houston Partnership is hosting ReelWorkplace, a lunch and panel discussion in collaboration with…

Learn More
Learn More
Executive Partners