Which Texas Industries are Moving Fastest and Driving the GDP

Owning a business also means protecting all your business assets, for which you’ll need robust commercial insurance. If you’re near Houston, TX, our team at Heydari Financial Group is more than ready to discuss and address all your business insurance needs. We’ve supported commercial clients, like you, for almost three decades.

Business Insurance Needs in Texas

Texas businesses are accustomed to making bold offerings of excellent quality and opportunities. Following a strong recovery from the 2009 recession, the state’s industries sprang back with characteristic Texan confidence. As reported by Investopedia, as of August 2020, employees in business and professional sectors composed nearly 15% of the state’s non-farm workforce, experiencing significant growth in computer system design and employment firms.

According to Investopedia, Texas businesses now employ over 1,670,000 workers in the education and business fields, a growth of 4% compared to the previous year. The same source cites that eight of the 25 largest Texas employers are either hospitals or medical research facilities. Two other industry sectors contributing largely to Texas’ GDP are leisure and hospitality, employing over 1 million workers. The same source reported that 75% of new jobs in Texas over the last decade were in food or drinking establishments.

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Whether your business is on a growth trajectory or regrouping for a resurgence, our team is ready to help protect your resources. When you call us, you’ll always talk to a staff member who can answer your questions in a customer-focused manner. Residents of Houston, TX, can find all their insurance solutions at Heydari Financial Group. Call us today to schedule an appointment.