Dec 17, 2016
Five Texas cities rank in U.S. small business growth
TEXAS – Searching for the best breeding grounds for small businesses? Look no further than the American South and Southwest.Texas and Florida are home to nine of the ten U.S....
TEXAS – Searching for the best breeding grounds for small businesses? Look no further than the American South and Southwest.
Texas and Florida are home to nine of the ten U.S. metros that boasted the fastest small-business growth rates between 2010 and 2014.
Small business counts in the United States expanded from 2010 to 2014 by 2.1 percent to 7.38 million entities, according to Census data.
Austin saw its number of small businesses balloon by 13.6 percent during the period analyzed, the latest year for which official figures are available from the U.S. Census Bureau.
Austin registered a raw gain of 5,479 firms during the four-year period, yielding an average increase of 114 small businesses per month.
Other Texas markets to crack the top ten were Houston (third, at 8.2 percent), Dallas-Fort Worth (sixth, 7.2 percent), San Antonio (ninth, 6.9 percent) and McAllen-Edinburg (tenth, 6.4 percent).
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