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Microbusiness in Texas

Microbusiness in Texas. Alfreda B. Norman Vice President and Community Affairs Officer Federal Reserve Bank of Dallas. Microbusiness represents a growing portion of Texas business.

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Microbusiness in Texas

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  1. Microbusiness in Texas Alfreda B. Norman Vice President and Community Affairs Officer Federal Reserve Bank of Dallas

  2. Microbusiness represents a growing portion of Texas business SOURCE: U.S. Census Bureau, County Business Patterns and Nonemployer Statistics; Association for Enterprise Opportunity

  3. Micro lending declined after recession SOURCE: FFIEC, Community Reinvestment Act Aggregate Report Data

  4. Microbusiness is crucial to employment • Microbusiness employs about 2.5 million Texans • Texas has the nation’s largest rural population, with more than 3.1 million rural residents. • Microbusiness represents an even larger portion of employment for rural workers. SOURCE: Association for Enterprise Opportunity, Microenterprise Employment Statistics in the United States by Rural-Urban Breakout

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