Advancing Economic Opportunities for Women in Texas
The Governor’s Commission for Commission is laser focused on advancing economic opportunities for Texan women and making Texas the #1 state for women-owned businesses. In May 2018, the Commission met with Governor Greg Abbott and state Comptroller Glenn Hegar to discuss current challenges and brainstorm ways to further increase opportunities for women entrepreneurs.
Women Entrepreneurship Challenges
It’s no question that Texas women have a profound impact on the state economy, however they still face barriers to entrepreneurship opportunities and overall prosperity. In order to combat these barriers, the Texas Governor’s Commission for Women, alongside our various partners, works to increase female participation in business and provide a variety of different resources for the overall advancement of female welfare. The Commission has been working on partnering with and promoting programs and organizations focused on: Financial literacy education, start up business incubation, and female mentorship. The Commission plans to support, encourage, and expand the number of working women in Texas by sharing and cultivating these types of useful resources, in addition to developing solutions that address barriers such as the capital gap.
Resources and Research
- Access to Capital
- Business Incubation & Acceleration Organizations in Texas
- Financial Literacy Programs
- Professional Female Mentorship & Networking Programs
- SBA Office of Women’s Business Ownership
- SCORE Business Mentorship
- Small Business Development Centers
- Texas Economic Development Small Business Programs
- Texas Economic Development Corporation (TXEDC) Small Business Resources
- Texas Workforce Commission – Start and Expand Your Business
- U.S. Small Business Administration (SBA)
- Women’s Chamber of Commerce of Texas
- The 2017 State of Women-Owned Businesses Report
Women in the Workforce
Most recently, the Texas Comptroller Glenn Hegar studied the economic impact of Texas women through a tour he titled, Good for Texas Tour: Women in the Workforce Edition. Hegar visited facilities and met with women all over Texas who work in a variety of economic sectors. These sectors include: Trade, Transportation and Utilities, Government, Education and Health Services, Professional and Business Services and Natural Resources and Mining. The tour was taken in order to highlight/recognize the importance of women in the workforce, but also to emphasize the importance of women having equal access to advancement in the workplace.
In 2017, women held nearly half of Texas’ 12.4 million jobs. Those jobs have generated additional business activities that support millions of other jobs in Texas. The study estimated that, on average, every dollar women earn supports $2.05 in compensation for workers throughout the state economy. All in all, working women in Texas are essential both to the economic security of women but also the entire Texas economy.