Minority owned businesses are prevalent in Texas. There are more minority owned businesses in Texas than in New York. In fact, 55% of the minority businesses in the U.S. are located in one of 4 states. More than 24% are located in California. Texas ranks second with 12% and New York and Florida rank third and fourth with 9% each.

Despite the economic challenges that followed September 11, 2001, the Texas economy continued to reap benefits from its small businesses. According to the SBA, small businesses provide the state's largest source of new jobs and a constant stream of employment opportunities for minorities and women. Texas has about 440,000 small, non-agricultural for-profit businesses operating with up to 100 employees. Most of these businesses are retail and service oriented with revenues of less that $500,000 annually.