While corporations often dominate the headlines, it is actually small businesses that drive job creation in the Lone Star State. Recent data highlights the significant contribution of Texas' thriving small business community to the state's economy and employment growth.
According to the Texas Workforce Commission, small businesses were responsible for 65.7% of all new job creation in the state over the past year. This translates to an impressive 332,500 new jobs added by small companies with fewer than 500 employees.
In contrast, major corporations accounted for only 3.4% of the new job growth in Texas. This underscores the disproportionate impact that small businesses have on expanding economic opportunities throughout the state.