Texas’ new business growth strong in the first half of 2014
AUSTIN, August 4, 2014 – Texas Secretary of State Nandita Berry released numbers today showing strong growth for new Texas businesses in the first half of 2014.
“Texas continues to show strong economic performance month after month,” said Secretary Berry. “That performance can be seen in the high number of businesses formations filed with my office since the beginning of this year.”
From Jan. 1 through June 30, the Texas Secretary of State’s office received filings for 80,039 new businesses. This is an 11 percent increase compared to the same time period in 2013. In fact, the office has seen consistent growth in the number of business filings for the last four years.
This number of new business filings includes for-profit corporations, professional corporations, professional associations, limited liability companies, and limited partnerships. Limited liability companies make up the bulk of the new filings with 64,211.
“The willingness to start new businesses reflects the optimism Texans feel about our state’s economy and the future of Texas,” said Secretary Berry.