TEXAS: A WEALTH OF OPPORTUNITIES FOR HUB BUSINESSES

The state of Texas is one of the most prosperous states in the country. Not only does it have one of the largest geographic areas, Texas has the largest economic production per squre mile of any state in the United States. With six of the largest metropolitan cities in the county, Texas serves 26 million citizens with goods and services necessary to maintain its massive production. Economic activity in the state spans the gamut from agricultural production to manufacturing to petroleum production and refining to financial services and beyond. The services provided by the state constitutes a significant portion of its economic activity in the nation.



Needless to say, Texas, in itself, has created many opportunities for individual wealth creation both thorough the private and public sectors of its economy. To this day,  the state is a source of wealth and economic activity on a scale that, according to Texas Wide Open For Business, if it were a nation it would rank 12th in the world.


Texas has, through legislation, created more than 150 agencies and institutions that manage services provided to its citizens and businesses by the state . The services provided by the state pales in comparison to the value of revenue produced by non-governmental sources. In 2014, the Texas budgeted $106 Billion dollars to manage its affairs compared to a Gross Domestic Product (GDP) of $1.4 Trillion dollars.


There are many phenomena in nature that cannot be seen by the naked eye. What many may not see about Texas is it literally floats in money. Just like unseen natural phenomena, money fails to flow in any reasonable amount to minority businesses. Yes there are successes, but relative to the amount of prosperity available in the state, minority participation is non-existent.


These disparities have not gone unnoticed by many of our state and industrial "powers that be". A large amount of resources have been allocated to address the problem of the shortage of successful minority contractors and suppliers in both the private and public sectors in the state. In spite of these efforts, the gap is growing rather than shrinking.

There are many reasons for the lack of wealth producing minority businesses in the state and in the country as a whole. Even though there have been vigorous debates on ways to attack the problem, answers have been few and far between.  As the economic plot thickens the discussion must be escalated.  There are enough successful minority businesses to use as powerful references.


In this age of technology, the ability to communicate to large audiences of business people has been implemented, but not so in the world of minority business builders. The discussion should and must now be expanded beyond the "powers that be" and should include many more minority business people who have the desire and energy to succeed, but cannot achieve tangible success.


Rather than promoting a protected network of information viciously guarded by a few knowledgeable organizations, the sheer size of the potential economic gain by minority businesses demands an expanded and open discussion. Many fail not by lack of effort, but by lack of knowledge. This is 2015, we can do better!