The number of black-owned businesses in Texas is growing, but the firms remain small in comparison to other Texas businesses, and their owners perceive significant barriers to growth and profitability, according to a new report from the Bureau of Business Research at The University of Texas at Austin.
Austin Technology Incubator Generates Thousands of Jobs and Millions in Economic Impact, Report Finds
AUSTIN, Texas — The Austin Technology Incubator (ATI), and the private companies it has nurtured, generated 6,520 jobs and produced $880 million in economic benefit for Texas during the past decade, according to a new study of the business incubator’s success.
The two most critical challenges for Hispanic-owned businesses to grow are overcoming a lack of training in management and communication skills and gaining better access to markets, according to new research of Hispanic-owned businesses in Texas from The University of Texas at Austin. The study provides a fresh look at the challenges these mostly small businesses face.
PassPro-tech, Intelgrid Solutions and HydroCoal Technologies defeated eight other student teams in the IC2 & WBT University Technology Commercialization Competition held during the WBTshowcase.