shored up

Houston's coastal neighbor named No. 2 in Texas for small business

Galveston is a great place to start a small business.

Photo courtesy of Galveston Island Visitors & Convention Bureau

Given the multi-tiered economy of Houston and population explosion in Austin, it might be easy to consider these two cities and counties the tops in Texas for small business. However, a new report lists a somewhat surprising county as second overall for small and growing companies.

Personal finance website Smart Asset ranks Galveston County the No. 2 place in Texas for small business owners. Nationally, Galveston County lands at an impressive No. 5.

Little wonder, given the tourism power Galveston County generates. Consider that visitors to Galveston Island spent $883 million in 2019, which generated $1.2 billion in total business sales, including indirect and induced impacts, according to a report on the county's economic impact.

Such impact also means companies were hiring: A total of 11,542 jobs were sustained by visitors to Galveston Island in 2019. This included 8,930 direct and 2,612 indirect and induced jobs, the report adds. That visitor spending directly supported 8,930 jobs in 2019, representing 27 percent of total employment in Galveston Island.

To come up with its list, the website examined federal data to zero in on three factors: the number of small businesses operating in each county, how much income they generate, and what they pay in taxes.

Smart Asset then weighed each set of data to develop an index score, with 100 being the top number. Galveston posted 42.62 percent in small business returns, 18.06 percent in small business income, and average of $7,633 in income taxes, and an overall score of 94 in the study’s small business index.

Elsewhere in Texas, Dallas County ranks top in Texas for small business owners and No. 4. in the U.S.

Courtesy of Smart Asset, here’s the rest of this year’s top 10 counties in Texas for small business owners:

Galveston County, No. 2 in the state and No. 5 nationally.
Haskell County (north of Abilene), No. 3 in the state and No. 6 nationally.
Titus County (east of Sulphur Springs), No. 4 in the state and No. 8 nationally.
Matagorda County (east of Victoria), No. 5 in the state and No. 9 nationally.
Goliad County (west of Victoria), No. 6 in the state (not in national top 10).
Glasscock County (east of Midland), No. 7 in the state (not in national top 10).
Stonewall County (northwest of Abilene), No. 8 in the state (not in national top 10).
Brooks County (north of McAllen), No. 9 in the state (not in national top 10).
Midland County (Midland metro area), No. 10 in the state (not in national top 10).

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best in the world

5 Houston universities named best in the world on new U.S. News list

University of Houston/Facebook

Many of the University of Houston's graduate degree programs are the best in the country.

Five Houston-area universities have been named among the best universities worldwide in U.S. News & World Report's just-released comprehensive list for 2026-2027.

U.S. News' Best Global Universities report ranks more than 2,250 schools based exclusively on their academic research performance and international reputation. Only 275 universities from the U.S. were included in the global ranking, and 21 based in Texas.

Harvard University topped the list for 2026-2027, and the Massachusetts Institute of Technology and Stanford University claimed the coveted No. 2 and No. 3 spots worldwide.

Houston's Baylor College of Medicine topped the list of the best local schools, and it ranked as the 147th best university in the world.

Here's how the rest of Houston's local institutions ranked:

No. 204 – Rice University
No. 330 – University of Texas Health Science Center Houston
No. 393 – University of Houston
No. 605 – University of Texas Medical Branch Galveston

In a statement explaining global university trends, the managing editor for Education at U.S. News, LaMont Jones, Ed.D., said schools in the U.S. have continued to rank "disproportionately high" while major universities from other countries in China and South America are starting to catch up.

"The continuing strength of [American university] reputations and academic research are, for the most part, unmatched," he said. "It's why students all over the world flock here to learn."

Top-ranking Texas universities
The University of Texas at Austin ranked No. 1 statewide and No. 56 worldwide, further cementing the university's reputation as the top choice for students seeking a higher education in Texas.

Earlier in June, UT Austin ranked No. 35 in a separate list of the best universities in the world from the Center for World University Rankings, which compared 2,000 schools globally.

Here's where other Texas universities stand among the top 1,000 in this year's global rankings:

No. 117 – University of Texas Southwestern Medical Center, Dallas
No. 180 – Texas A&M University, College Station
No. 301 – University of Texas at San Antonio
No. 454 – Baylor University, Waco
No. 509 – University of Texas at Dallas
No. 565 – Texas Tech University, Lubbock
No. 746 – University of North Texas, Denton
No. 884 – University of Texas at Arlington
No. 950 – Southern Methodist University, Dallas

Additionally, six Texas universities ranked outside the top 1,000: University of Texas Rio Grande Valley (No. 1,160); University of Texas El Paso (No. 1,248); Texas State University in San Marcos (No. 1,531); Texas Tech University Health Sciences Center in Lubbock (No. 1,878); Texas Christian University in Fort Worth (No. 1,910); and Sam Houston State University in Huntsville (No. 2,145).

best global universities rankings universities us news & world report

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Houston's coastal neighbor named No. 2 in Texas for small business

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