El Paso was the focal point of celebration as Governor Greg Abbott acknowledged the vital role Hispanic entrepreneurs play in the Texas economy. At the Governor's Small Business Summit, Abbott praised the Hispanic community for their significant contributions, especially in the realm of small business. "Texas is the economic engine of America, and most of that was made possible by our Hispanic owned businesses," Abbott said, according to the Office of the Texas Governor.
The acknowledgment comes amid statistics that emphasize the impact of Hispanic-owned businesses in Texas. Abbott said, as per the Office of the Texas Governor, Texas houses 20 percent of America’s Hispanic business owners. Abbott also noted that small businesses provide nearly half of all Texas jobs, and added, "Texas is the number one state for jobs created by Hispanic women owned businesses." In El Paso alone, there are over 15,000 small businesses with 56 percent being minority-owned. The Governor’s engagement at the summit, alongside Texas Workforce Commissioner Representing Labor Alberto Treviño III, and other leaders, underscores the state's commitment to this demographic that is interwoven into the fabric of Texas' economy.
In the keynote address, Governor Abbott highlighted the growing reputation of Texas as the Best State for Business. More than 250 current and potential small business owners were present to take in what the Governor had to say about the prospects in Texas. These businesses, as described by the Governor's office, are at the heart of job creation and economic stability in the state. Additionally, Abbott pointed out economic incentive tools such as the Texas CHIPS Office and the newly created Texas Space Commission, aimed at attracting more business and helping small businesses expand.
