Texas Small Business Grants

With more than $55,671.00 million dollars in grants and additional local government funding sources of $35,330.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in Texas. There are 392,378 business establishments in the state of Texas, and they break down to the following:

Texas Business Sector Breakdown by Size:

  • 225,599 registered businesses in Texas have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
  • 70,517 registered businesses in Texas have 5 to 9 employees.
  • 43,826 registered businesses in Texas have 10-19 employees.
  • 38,385 registered businesses in Texas have 20-99 employees.
  • 8,755 registered businesses in Texas have 100 to 499 employees.
  • Over 5,296 registered businesses in Texas have over 500 employees.

Texas Business Sector Breakdown in Service Industries:

  • 58,176 registered businesses in Texas are in the Professional, Scientific and Technical Services sector.
  • 25,854 registered businesses in Texas are in the Administrative, Support, Waste Management, and Remediation Services sector.
  • 43,907 registered businesses in Texas are in the Accommodation and Food Services sector.
  • More than 47,995 registered businesses in Texas are also service orientated businesses but are not categorized to the above sectors.

If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 247,000 farms in the state of Texas.

Starting and managing a small business in Texas is not an easy task. Over $376,647,000,000.00 US dollars are paid to employee salaries/payroll alone in the state of Texas and more than 57,810 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in Texas, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government. Therefore, it makes sense to look into small business grants as one of your sources to fund your business.

To apply for business grants in Texas, contact Texas financial aid agencies.

 

 

Small Business Grants in Local States

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It is always free to apply for government grants. However the process may be very complex depending on the funding opportunity you are applying for. Let us help you!

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