Employee Whereas Assistance For Small Business In Travis
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Travis County's TCTX Thrive 1.0 Small Business Relief Program (2020-2021) and TCTX Thrive 2.0 Small Business Relief Program (2023-2024) were designed to offer a response to the economic crisis related to COVID-19 through grants of up to $40,000 for local small businesses that met eligibility requirements.
California is the most populous state in the U.S., which provides many opportunities for people to start businesses. There are 10,792 small businesses per 100,000 people in California.
The Austin startup ecosystem encompasses over 4.5K+ companies, with 3k+ funded startups of them being funded startups that collectively raised $4B in VC investment in 2024. This guide runs through the need-to-know stats and trends in technology, innovation and entrepreneurship in the Austin startup ecosystem.
Advocacy generally defines a small business as an independent business having fewer than 500 employees. Our companion piece, the What's New with Small Business infographic (PDF, 291 KB), is now available.
Austinites in Travis County owned 38,547 small businesses in 2020, defined as businesses with fewer than 250 employees. For every 100 people in Austin, there are about three small businesses. The Austin area has a very active entrepreneurial community compared nationally.
Texas small businesses are a vital part of the state's economy. The Lone Star State is home to over 3.2 million small businesses, making up around 99% of all Texas businesses.
Secretary of State Jane Nelson today announced that Texas has 2,964,180 million active business entities. That is a growth of 35,492 since the beginning of the year. “Texas continues to be a state where businesses can begin and grow,” said Secretary Nelson.
The total includes both businesses incorporated in Texas and out-of-state entities conducting business in the Lone Star State. The largest classification is in-state, limited liability companies, of which there are 2 million. The growth over the last year is consistent with what the agency has seen in the last decade.