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Houston Small Businesses Play Vital Role in the Region’s Economy

Published May 27, 2020 by Kelsey Seeker

Houston’s small business community plays an integral role in both the local economy and the city's vibrant quality of life. This community is driven by diverse owners and is a leading source of job creation and innovation. In fact, Houston's small business community represents a vast majority of establishments within the greater Houston SMA.

Small Business Presence in Houston 

According to the US Census' County Business Patterns, 97% of Houston businesses have fewer than 100 employees and 70% have fewer than 10. Businesses with fewer than 100 employees make up more than 50% of Houston’s workforce. These numbers reflect a powerful engine influencing employment, entrepreneurship and policy.  

In addition to small employers, there are over 627,000 non-employee businesses in the Houston region. Think freelancers, contractors and self-employed Houstonians. These companies have no paid employees but generate at least $1,000 in income annually. Overall, non-employer businesses in the Houston region generate $31.1 billion in annual revenue.  

Houston also ranks among the top 20 cities where small-business owners are thriving, with a startup density of 92.6 startups for every 1,000 businesses. Startups help diversify the region’s economy and foster innovation, strengthening the economy in more ways than one.

Supporting Small Business During COVID-19 

The COVID-19 crisis poses mounting challenges for small businesses here and across the country. With more than 1,000 member companies representing one-quarter of the region's workforce, the Partnership has long been a trusted advocate for the business community and this pandemic is no different.  

In addition to offering member support through COVID-19, the Partnership has created a hub of small business resources that includes vital information and resources.

We have also shifted our Small Biz Insider digital series to delve into topics that we’ve been hearing from our small business members. Topics like: 

As part of the Partnership's mission of making Houston the best place to live, work, we are dedicated to supporting small businesses, particularly during these times of uncertainty by offering resources, guidance and opportunities to connect with fellow members around timely topics.

To learn more about becoming a member of the Partnership or to get involved, email membership@houston.org
 

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HYPE

Building Connections and Careers: Benefits of Joining the Partnership’s HYPE Program

10/15/24
Houston Young Professionals and Entrepreneurs (HYPE) provides tailored professional development opportunities for the next generation of business and community leaders at member companies through unique, regular engagements throughout the year and a curated bimonthly newsletter geared towards building their skills and enhancing their leadership potential. Carly Bylund, Vice President at Frost Bank, and HYPE Champion. Bylund shares her insights on the value of HYPE for young professionals and recaps the latest HYPE Summit, an annual conference that connects HYPE members with Houston's top leaders How has your involvement with HYPE helped you build meaningful connections within Houston’s business community? Being a member of HYPE has been a wonderful way to stay connected to the Houston community. Since HYPE is a young professional group, it has been so beneficial to connect with like-minded people in similar career stages. HYPE has made meeting others easy, and it’s been a natural way to build my network. What do you find most valuable about being a HYPE Champion, and how does it motivate you to continue participating in events? As a HYPE Champion, I look forward to seeing familiar faces at every event. It is motivating to be surrounded by people committed to the opportunities Houston presents us with. There is such a diverse group of attendees to every HYPE event that I know I’ll leave each event learning something new about an industry, company, or even Houston itself. Can you share a memorable moment from a recent HYPE event that had a significant impact on your career or perspective on Houston's opportunities? The HYPE Summit was such a fun day! Having the opportunity to hear the stories and advice of successful Houston professionals is invaluable. I especially loved the breakout discussions, where we connected in small groups with each speaker. It was inspiring to hear from people like Trevor Best, CEO, Syzygy, Andrea Alexander, SVP and CHRO, Coterra and Steve Kean, President and CEO, Greater Houston Partnership. How do you think HYPE’s diverse group of attendees contributes to your professional growth and understanding of different industries in Houston? The diversity of attendees at every HYPE event is something I truly value. It creates opportunities to learn something new about a different industry or company every time. I always leave these events with a broader perspective on Houston’s business landscape and new connections that contribute to my personal and professional growth. The HYPE Summit features insights from successful professionals. What was the most inspiring piece of advice or story you heard at the event? I enjoy hearing about people’s specific career paths and how they got to their current positions because success looks different for everyone. One of the most inspiring takeaways was how many opportunities there are for young professionals in Houston to become leaders as we transition across generations. Listening to entrepreneurs like Trevor Best and executives like Andrea Alexander and Steve Kean was truly inspiring. Their stories reminded me that success comes in many forms and often through unconventional paths. It has encouraged me to be open to new opportunities and to think more strategically about how I can shape my own career. HYPE events bring together people from a wide variety of industries. How have these interactions broadened your understanding of Houston’s economic landscape? Every HYPE event I attend broadens my understanding of Houston’s economic landscape. Meeting professionals from different sectors and learning about their companies opens my eyes to new possibilities. These interactions have been a great way to stay informed about what’s happening across industries in the city. Looking ahead, what are you most excited about in terms of future HYPE events and how they contribute to Houston’s thriving young professional community? I’m already looking forward to the next HYPE event! These gatherings are a great way to stay connected, learn from others, and grow my professional network. I’m excited about the future of HYPE because it keeps young professionals engaged and invested in Houston’s success, and that’s something I’m proud to be a part of. HYPE is a member-based program, to subscribe you must be employed at a current member company. Learn more about this program here.
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