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

Professional Development

Fueling the Future: How Houston's Young Professionals and Entrepreneurs are Shaping Tomorrow's Business Landscape

6/11/24
The greater Houston region is fueled by a thriving workforce comprised of skilled professionals and aspiring entrepreneurs. Ranking among the top 10 in the U.S. for attracting millennials and retaining college graduates, the region is a burgeoning hub for young talent.   Because of this, companies and organizations have prioritized a regional focus on developing tomorrow’s workforce by educating young people on emerging industries and re-training mid-career professionals for high-demand careers through college, university and technical programs. The result is a strong base of budding young leaders primed to shape the future of our region.   The Greater Houston Partnership’s Houston Young Professionals and Entrepreneurs (HYPE) leadership development program is dedicated to supporting emerging leaders with the skills and insights that will enhance their potential.    We spoke to several HYPE members to gain some insight on the challenges young professionals face and the future of business in our community.    In your opinion, what are the most pressing leadership challenges facing young professionals in Houston today?  Elijah Defferari, Lummus Tech: It is important to hone a leadership style that is authentically you. There is often a disconnect between what is written or portrayed in popular media (TikTok, LinkedIn, new outlets or social medias) and what is the reality of your situation. It helps to unplug from social media, at least in intervals, to really assess yourself as a person/leader in order to discover how you tend to lead without the bias and influence of social media "gurus" or coaches that do not know your individual leadership journey. In other words, it is a challenge to all young professionals, beyond just Houston, to scour through the inundation of data we see online and craft our own leadership identities.  Sam Linton, Accenture: In Houston, young professionals are stepping into leadership roles during a time of dramatic industry shifts. As the city pivots from its traditional oil roots to embrace technology and renewable energy, emerging leaders face unique challenges. They must master new skills swiftly, navigate cultural complexities within one of the most diverse workforces in the nation, and drive innovation. Furthermore, integrating sustainable practices poses another significant hurdle, especially in sectors historically reliant on natural resources. Despite these challenges, the opportunities for growth and impact are immense. For those ready to lead, Houston offers a dynamic arena to influence the future of business and drive change.  "Effective leadership now requires a mix of adaptability, cultural sensitivity, and a forward-thinking approach," says Linton. Can you share a memorable experience where mentorship directly contributed to a success story of yours?  Francesca Sosa, Inventure: I never really had an official mentor until a few years ago and it was career changing. 3 years into my professional journey I was simply focused on what was next so I could get promoted. My thoughts were always “you have to be good at everything and do whatever it takes to showcase it”. This only hindered me because I would bite more than I could chew and it would result in poor work product or extreme levels of stress. I was also trying to be someone I was not. At some point someone that was working on one of our large projects left the company and I requested to take over her role. This made me the teammate of someone I had not worked with before and it was the best decision I ever made. She took me under her wing and helped me grow professionally and personally. She became the person I could talk to no matter what. She became that official mentor I needed to find my way. I was promoted thanks to her guidance. I also found myself much happier with my work life balance.  How do you see the Houston business community evolving in the next decade, and what opportunities do you foresee for young professionals and entrepreneurs?   Shaw Adcock, Greater Houston Partnership: The Houston business ecosystem is evolving in a lot of exciting ways, and innovation is at the heart of our future success. Young professionals and entrepreneurs have the chance to make lasting impact in some of the most important industries and movements here in Houston. The innovative ideas that spring here will provide copious opportunities to partake in, and change the world in the process. "Core industries like aerospace, energy and life sciences are all at the precipice of major breakthroughs and positive changes," says Adcock.   Whether you're a young professional looking to expand your network or a budding entrepreneur seeking mentorship and support, HYPE offers developmental experiences to succeed in Houston’s workforce. Join HYPE to gain access to a diverse network of like-minded professionals, exclusive events, and invaluable resources designed to inspire the next generation of Houston business leaders.   Learn more about HYPE. 
Read More
Economic Development

Greater Houston Partnership Recognized Among Site Selection Magazine’s Top Groups

5/3/24
The Greater Houston Partnership has been awarded Site Selection Magazine’s Mac Conway Award for Excellence in Economic Development for its outstanding regional economic development performance in 2023. Widely considered to be the gold standard recognition for regions from the industry’s top trade publication, the award is based on the following criteria:  Total projects Total investment associated with those corporate facility projects Total jobs associated with those corporate facility projects Per capita calculations of those same three metrics  "Receiving the Mac Conway Award for Excellence in Economic Development is not just a recognition of our region’s achievements; it's a testament to our commitment to creating opportunity in Houston,” said Steve Kean, President and CEO at the Partnership. “It’s a team effort here in Houston, and we are delighted to work with our partner economic development groups across the region to tell the world about Houston and attract new jobs and investment to our community.”  This is the Partnership’s first win since 2021 and 15th time winning the award. The Partnership previously received honorable mentions in 2007, 2016 and 2017, bringing the Partnership’s total number of appearances in Site Selection’s top group rankings to 18 since its inception in 1989.  “I am very proud of our organization's recognition of the prestigious Mac Conway Award for Excellence,” said Craig Rhodes, Senior Vice President of Economic Development at the Partnership. “It's a testament to the collaborative efforts with our partners across the 12-county region, and it motivates our team to continue our mission of driving inclusive prosperity and creating meaningful opportunities for all."  Following major economic development wins in 2023, the greater Houston region has gotten off to a strong start in the first quarter of 2024, with 139 new business announcements identified.  A total of 40 businesses established new facilities in the Houston area while 97 projects were an expansion of existing Houston-area facilities. Manufacturing accounted for 32 percent of the announcements, with professional, scientific and technical services ranking second (17 percent).  Learn more about why companies choose Houston.
Read More

Related Events

Education and Workforce Event

UpSkill Houston Summit: 10 Years of Empowering Careers

We’re thrilled to mark the milestone of the 10th anniversary of the Partnership’s workforce development initiative with a memorable 2024 UpSkill Houston Summit.  Join us for a dynamic event as we celebrate a…

Learn More
Learn More
Executive Partners