Texas

State Steering Committee

State Quick Facts

Tony Bennett

President, Texas Association of Manufacturers

Teresa Burnett

Executive Director, Monahans Chamber of Commerce

Marnie Gaston

Owner, Gaston Wrecker Service and Storage

Rex Jones

Owner, Apartment Management Professionals

Harold Krise

Owner, TK Express Delivery Company

Gene Schade

CFO, CAsa de Oro, Inc.

Sandra Simpson

Co-owner, B&S Guns and Ammo

Rex Solomon

President, Houston Jewelry

Teddy Jones

Central Texas Development

Nickname:

The Lone Star State

Capital:

Austin

2016 Population:

27,862,596

Gross State Product:

$1.6 Trillion

Total Nonfarm Employment:

11,989,200

Governor:

Greg Abbott (R)

Senators:

John Cornyn (R)
Ted Cruz (R)

Representatives: 36


Support For Local Business

Governor Greg Abbott (R) “It takes more than capital to start a business. It also takes courage.  As we approach Small Business Saturday, I encourage you to celebrate the 2.4 million small businesses that drive the dynamic Texas economy. Shop small and shop local — both in person and online. The story of Texas has long been written by men and women willing to take a risk, to dig deep into their own pockets and stake their future on an idea. That pioneering spirit fuels our shared prosperity.”

(Governor Greg Abbott, “Greg Abbott: Small business is big business in Texas” https://www.dallasnews.com/opinion/commentary/2016/11/22/greg-abbott-small-business-big-business-texas. 11/22/16)

Senator Ted Cruz (R) “Indeed, here in the great state of Texas, we have plenty for which to be thankful, including a strong, dynamic economy and millions of small businesses that provide good-paying jobs to hardworking Texans.”

(Senator Ted Cruz, “Ted Cruz: Thank a small business this weekend by shopping small,” https://www.dallasnews.com/opinion/commentary/2016/11/25/ted-cruz-thank-small-business-weekend-shopping-small. 10/25/16)


Business Highlights

Texas’ 2.6 million small businesses represent 99.8% of all employers in the state and employ 4.6 million workers.

Women-owned businesses make up 866,500 of Texas small businesses.

Veteran-owned businesses make up 213,400 of Texas small businesses.

A total of 41,881 companies, which operate internationally, competing in global markets on a daily basis for inputs, capital, and customers, export from Texas.

Texas exports reached a record $232.6 billion in 2016, with products and services going to over 221 countries.

Fifty-four Fortune 500 companies are headquartered in the Lone Star State.

Sources: Small Business Administration, U.S. Census Quickfacts, Business Roundtable, International Trade Administration, Fortune 500, FRED Economic Data, Bureau of Labor Statistics