A new report from the Comptroller's office highlights the role of women in the Texas economy. We all know strong, successful women in South Texas, and across the state women are generating a large part of the Texas economy. In fact, women in Texas are creating new businesses at a greater rate than across the rest of the United States.
The number of businesses owned by Texas women rose by over 140 percent in the last 20 years.
"A financially secure Texas depends on financially successful women...from the factory floor to the boardroom…women are leading a diverse range of enterprises," remarked Comptroller Glenn Hegar.
In 2017, women held nearly half of the state's jobs. Across economic sectors, women hold the most jobs in the areas of finance, education, health services, hospitality and government. There are fewer women in areas like natural resources and mining, where women account for around 22 percent of jobs. However, this is one of the highest-paying sectors in the economy and women working in these fields have seen significant pay increase over the past decade.
Women also hold lower percentage of jobs in technology, math and sciences. Yet, as those barriers to entry are decreasing, new job opportunities await. Many educational institutions, nonprofits and private sector initiatives are targeting young women with training and professional development opportunities in these fields.
More importantly, as a father of a young daughter, I look forward to the opportunities that await her in the workforce.