Houston ranked 10th in nation as small business powerhouse

Houston may be home to high-profile Fortune 500 companies, but its economy is fueled by small businesses.

Ninety-seven percent of businesses in the greater Houston area are classified as small businesses with less than 99 employees, according to an analysis of the latest U.S. Census Bureau data by The Business Journals’ On Numbers, a division of American City Business Journals American City Business Journals Latest from The Business JournalsDFW ranks highly in private sector employment, payHouston average salaries ahead of Dallas, study showsDFW among nation’s metro areas with 100,000 businessesFollow this company .

The Houston region was home to 117,886 small businesses in 2009, the most recent data available, putting the Bayou City as No. 10 nationwide in the total number of businesses of this size. And 73 percent of those small businesses – 85,978 – are classified as “microbusinesses” with nine or fewer employees.

Dallas-Fort Worth has more small businesses than Houston, with 135,799, ranked No. 7 in the country.

A total of 6.98 million private-sector businesses are located within the nation’s 938 metropolitan and micropolitan areas, according to the U.S. Census Bureau. And 6.82 million of them – 97.7 percent – have fewer than 100 employees, meeting the definition of a small business. >more