In an annual study on racial progress, Texas falls slightly behind in the employment and wealth category, ranking No. 13 overall. Photo via Getty Images

In honor of Martin Luther King Jr. Day, personal finance website WalletHub is revisiting its annual report "States with the Most Racial Progress." Texas comes out near the top for 2024, but has room for improvement in several areas.

The report measures the gaps between Black and white residents across 22 key indicators of equality in all 50 states and the District of Columbia to determine the rankings. States are scored in four major categories: employment and wealth, education, social and civic engagement, and health. For the purpose of the study, "adults" include people aged 25 and older.

Texas ranks No. 2 overall in racial progress, placing just behind Georgia (No. 1). But in the study's separate ranking of states with the most racial integration, Texas lands farther down the list, at No. 8.

The racial progress report highlights the Lone Star State's efforts to reduce health insurance coverage gaps between white and Black residents – stating that the divide has reduced more than 13 percent within the last three decades. Improving higher education is another major milestone for the state, the study says.

"Texas has made some of the best progress in the nation when it comes to the share of [B]lack vs. white residents who have at least a bachelor’s degree," the report's author writes. "In fact, it’s one of the only states where the gap has decreased rather than increasing since 1970."

Texas earns top-five rankings in the the categories of education (No. 4) and health (No. 4), and ranked No. 6 in the study's social and civic engagement category. The state falls slightly behind in the employment and wealth category, ranking No. 13 overall.

Texas scores high in the following measures:

  • No. 7 – Change in median annual household income gap
  • No. 10 – Change in poverty rate gap
  • No. 8– Change in gap in the percentage of adults with at least a high school diploma
  • No. 4 – Change in gap in the percentage of adults with at least a bachelor's degree
  • No. 11 – Change in standardized test scores gap
  • No. 10 – Change in voter turnout gap during the 2020 presidential election

According to a 2023 survey by the Pew Research Center, 44 percent of Americans say they feel pessimistic about the nation's "ability to ensure racial equality for all people" in the future, regardless of race or ethnicity. That's compared to 28 percent who feel optimistic."Although our country has made a lot racial progress since the Civil Rights Movement, we still need to do better to ensure equality for everyone," the WalletHub report says. "As we think about ways to improve equality in the future, though, we can also recognize the steps toward racial harmony we’ve already achieved — in our workplaces, in our schools and in our voting booths."Following behind Texas to round out the top 10 states with the most racial progress in 2024 are Mississippi (No. 3), New Mexico (No. 4), Wyoming (No. 5), Connecticut (No. 6), New Jersey (No. 7), Maryland (No. 8), Florida (No. 9), and North Carolina (No. 10).

The report and its methodology can be found on wallethub.com.

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This article originally ran on CultureMap.

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6+ can't-miss Houston business and innovation events in March

where to be

Editor's note: March brings the return of some of Houston’s signature innovation events, plus insightful talks and celebrations in honor of Women's History Month. Here’s what not to miss and how to register. Please note: this article may be updated to include additional event listings.

March 3-4 — Houston MedTech Rodeo

Head to Armadillo Palace for the annual Houston MedTech Rodeo. The casual, Texas-themed conference brings together 350 medtech professionals who come from over 10 countries and 15 states to highlight Houston's growing medtech ecosystem. The event will feature panel discussions, startup showcases, networking sessions—plus, armadillo races, mechanical bull riding and live country music.

The event begins March 3 at Armadillo Palace on Kirby Drive. Register here.

March 4 – Humans of Healthcare

Houston Methodist Center for Innovation will present its new quarterly speaker series, Humans of Healthcare. The series will feature a panel of experts who will share about their career paths and discuss the nuances of the health care industry. This month's session will focus on IT. The panel will be moderated by Houston Methodist's Director of Innovation Murat Uralkan.

The event is Wednesday, March 4, from 5-6 p.m. at the Ion. Register here.

March 5 — The Future of Women in STEM

Celebrate Women's History Month at SUPERGirls SHINE Foundation's The Future of Women in STEM event, presented in partnership with the Ion. The event will feature speakers and panelists, including Kalila Winters Hines, senior public affairs advisor for Holland & Knight; Dr. Natacha Chough, NASA Johnson Space Center Flight Surgeon; and Andrea Course, rocket scientist and founder of Course Investments.

The event is Thursday, March 5, from 8:30-10 a.m. at the Ion. Register here.

March 10-12 — World Hydrogen & Carbon Americas

S&P Global Energy brings together two leading events—Carbon Management Americas and World Hydrogen North America—to form a new must-attend event for those in the hydrogen and carbon industries. More than 800 senior leaders from across the energy value chain will attend this event featuring immersive roundtable discussions, hands-on training, real-world case studies and unparalleled networking opportunities.

This event begins March 10 at the Marriott Marquis Houston. Register here.

March 20 — Ideas to Impact Accelerator Graduation and Showcase

Join Impact Hub Houston as it celebrates its inaugural Ideas to Impact Accelerator cohort. The 16-week accelerator is designed to help early-stage entrepreneurs validate their business models, strengthen confidence and gain traction. Hear short pitches and network with founders and mentors.

The event is Friday, March 20, from noon-2 p.m. at the Ion. Register here.

March 23-27 — CERAWeek 2026

CERAWeek 2026 will focus on "Convergence and Competition: Energy, Technology and Geopolitics." The industry's foremost thought leaders will convene in Houston to cultivate relationships and exchange transformative ideas during the annual event. CERAWeek 2026 will explore breakthroughs, cross-industry connections and powerful partnerships that are accelerating the transformation of the global energy system. 2026 highlights include an appearance by tech magnate Bill Gates.

This event begins March 23. Register here.

March 24-25 — 2026 Energy Venture Day and Pitch Competition

The Energy Venture Day and Pitch Competition, co-hosted by the Rice Alliance, Ion, HETI and TEX-E, offers two days of exciting pitches from more than 40 global energy ventures that are transforming the industry. On Tuesday, March 24, you can attend a fast-paced pitch preview event at the Ion, followed by the official Pitch Competition at 1 pm on Wednesday, March 25, at the George R. Brown Convention Center.

March 30-April 4 — H-Town Roundup

Celebrate innovation, entrepreneurship and collaboration at Houston Exponential's sixth-annual H-Town Roundup. During the free event series, previously known as Houston Tech Rodeo, attendees can expect insightful talks, workshops and networking events at venues across the city.

This event begins Monday, March 30. Register here.

Intuitive Machines secures $175M equity investment to fuel growth

space funding

Houston-based space infrastructure and services company Intuitive Machines has secured a $175 million equity investment from unidentified institutional investors. The investors received shares of Class A stock in exchange for their funding.

Publicly held Intuitive Machines (Nasdaq: LUNR) says it plans to use the capital to help build revenue and invest in technology, including communications and data-processing networks.

“We are building a scalable infrastructure platform from low-Earth orbit to the moon and into deep space,” Intuitive Machines CEO Steve Altemus said in a news release. “With this investment, we can accelerate the integration of the combined company’s collective capabilities to deliver next-generation data, communications, and space-based infrastructure services.”

Intuitive Machines says the $175 million investment will improve its ability to secure deals for satellite systems, the proposed Golden Dome missile defense system and the proposed Mars telecommunications orbiter.

As the company pursues those deals, it’s seeking partners to develop space-based data centers.

The $175 million equity stake comes on the heels of Intuitive Machines completing its $800 million cash-and-stock purchase of Lanteris Space Systems. Intuitive Machines bought the satellite manufacturer from private equity firm Advent International.

In the third quarter, which ended Sept. 30, Intuitive Machines posted a $10 million net loss on revenue of $52.4 million.