We're No. 1

Texas takes top spot in new study of best states for female entrepreneurs

Texas jumped from No. 8 to No. 1 in this nationwide study.

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Texas is known for being a land of opportunity, and a recent study evaluated how those business opportunities translate to benefitting female entrepreneurs. Turns out, starting a business as a woman in the Lone Star State is a pretty good idea.

Fit Small Business ranked all 50 states based on the business opportunities for women. In the January 8 report, Texas came in No. 1 — up from the No. 8 spot last year. Ohio, Minnesota, Washington, and Alabama rounded out the top five, respectively.

Each state was evaluated by four equally weighted factors: general business climate and opportunity, the number of female-owned businesses, economic and financial health, and safety and well-being for women.

Texas ranked strongest in economic and financial health, for which it ranked No. 3 overall, followed by the number of female-owned businesses, for which it ranked No. 5. Texas' general business climate was ranked No. 8 in the study. Where the state stands to improve is in its safety and well-being for women. Texas ranked No. 41 in this category, which factored in cost of living, social support for women, and whether or not the state had a positive environment for women.

"Texas is hands-down one of the nation's top states due to its business-friendly legal and economic climate," the report says. "Put aside having no corporate or income taxes and a high rate of startup growth; startups are flocking to [the state's] high startup success rate."

American Express' 2018 State of Women-Owned Businesses Report found that women-owned businesses are growing at an impressive rate. The study found that over the past 11 years, the amount of women-owned businesses grew 58 percent — compared to the 12 percent that all businesses reportedly increased.

In this study, Texas tied with Utah for second place among the states "where women-owned businesses most increased their economic clout between 2007 and 2018." When the data was broken down into metropolitan areas, Texas had three cities in the top 10: San Antonio at No. 2, Austin at No. 3, and Dallas No. 9.

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This article originally appeared on our sister site, InnovationMap.com.

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Innovation Station

Texas maintains its place among 15 most innovative states in the U.S.

Austin Texas State Capitol and Skyline Aerial Drone Image

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During a SXSW reception March 12 at the Governor’s Mansion in Austin, Gov. Greg Abbott hailed Texas as the No. 1 state for innovation. Personal finance website WalletHub sees it a little differently though.

In a new study from WalletHub, the Most & Least Innovative States (2026), Texas is assigned the No. 13 ranking for innovation among the 50 states and the District of Columbia.

D.C. comes out on top, followed by Massachusetts, California, Colorado, and Washington. Mississippi appears at the bottom of the list.

Texas earns a total innovation score of 49.56, compared with 69.13 for top-ranked D.C. In two broad categories, Texas ranks 12th for human capital and 13th for innovation environment.

To identify the top places for innovation, WalletHub evaluated the 50 states and D.C. by reviewing 25 key indicators of innovation friendliness. The indicators include:

Share of STEM professionals
Forecast for Share of STEM professionals
Forecast for STEM jobs
Eighth-grade math and science performance
Concentration of tech companies
R&D spending per capita
Share of science and engineering graduates age 25 and over
Average internet speed
Venture capital funding per capita

“The most innovative states are especially attractive to people who have majored in science, technology, engineering, and math, or STEM, as they offer abundant career opportunities and investment dollars, both for jobs at existing companies and for startups,” WalletHub analyst Chip Lupo said in the report.

“These states also instill young students with the skills they need to succeed in the current workforce, skills which are useful whether or not they pursue a STEM career,” he added.

Texas held steady in the 2026 report, receiving the same ranking as in 2025 (at No. 13), but improving its overall score slightly, up from 48.96. In 2024, Texas was ranked No. 14 in the U.S., marking its first appearance within the top 15 most innovative states. In recent years, Texas has consistently moved up the ladder among most innovative states.

Texas zeroes in on semiconductor industry
On the innovation front, Abbott and other state leaders have focused intently on growing the state’s semiconductor industry, which generates roughly $30 to $60 billion in economic activity per year. Texas ranks among the top states for semiconductor manufacturing, with major operations in North Texas and Central Texas.

To bolster the industry, Abbott signed the Texas CHIPS Act into law in 2023. The law established the Texas Semiconductor Innovation Fund, which issues grants for semiconductor research, design and manufacturing, and the Texas Semiconductor Innovation Consortium, which advises the governor and state legislators on matters related to the semiconductor sector.

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This article originally appeared on our sister site, InnovationMap.com.

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