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Texas Ranked 6th Best State for Female Entrepreneurs A recent study published by Jared Beilby with Merchant Maverick recently ranked Texas #6 on its list of 10 Best States for Women-Led Startups. We re an economic powerhouse, so it’s not a shock to see the Lone Star State high up in these rankings. Texas has the fifth-most employees working at firms run by women at 20.1%. The state has also received $365 billion in VC funding for women-led startups in the past five years, a number that ranks seventh overall. Texas’ lack of a state income tax doesn’t hurt, either. Still, Texas falls somewhat short in engaging women entrepreneurs. The study found that just 1.27% of all women in the state run their own business , and the $55,907 average income for self-employed women business owners in Texas ranks a lowly 31st. ....