Small Business Growth High In Texas

Texas was ranked fourth in the country for growth among small and medium sized businesses in the U.S. according to a new analysis from Amazon. More than half of the items sold in Amazon’s stores are from business in Texas like JK Chocolate, John Leslie Studios, Primal Pit Paste, and Son of a Sailor, Amazon said in a news release.

The top states were Mississippi, Nebraska, and Maine.

“We’re thrilled to see so many small businesses in states with large rural populations like Mississippi, Maine, Vermont, and North Dakota growing their sales fastest in our stores,” Nick Denissen, VP at Amazon, said in the news release. “Online selling enables rural businesses to complement their offline sales in physical stores by reaching customers they wouldn’t otherwise have access to as easily. Research shows that increased adoption of online tools and digital services could grow annual revenues of rural small businesses by 21% over the next three years and create 360,000 jobs in rural communities. Amazon continues to invest billions of dollars to develop tools and services that help small businesses reach new customers.”

Small and medium-sized businesses selling on Amazon come from every state in the U.S., and more than 130 countries around the world. In 2018, more than 50,000 small exceeded $500,000 in sales in Amazon’s stores worldwide, and roughly 200,000 surpassed $100,000 in sales. The number of businesses eclipsing $1 million in sales in Amazon’s stores worldwide grew by 20 percent last year, the company added in its release.