workin' hard

Texas punches in as one of the hardest-working states in U.S., says study

Texans know hard work, a study shows. Photo by Tom Werner/Getty Images

Hey, Texas. Kick up your feet and give yourselves a pat on the back. You deserve it. The Lone Star State has been named one of the hardest-working states in the country.

In a study released August 31 just ahead of Labor Day, personal finance website WalletHub ranks Texas fourth on its list of the hardest-working states, behind North Dakota at No. 1, Alaska at No. 2, and Wyoming at No. 3. In last place: West Virginia.

Texas held the No. 4 spot in WalletHub's 2019 rankings, too.

For the study, WalletHub compares the 50 states across 10 key indicators. Those factors include average hours worked per week, share of workers with more than one job, and volunteer hours logged per person. Texas clocks in at No. 4 this year for the highest average number of hours put in during the workweek — its best ranking among the 10 key indicators.

The study of hardest-working states comes as a new WalletHub survey shows about one-third of Americans are worried about job security.

"Women are less likely than men to be concerned about job security, even though recent data shows that women are losing their jobs at a greater rate than men during the COVID-19 pandemic," WalletHub analyst Jill Gonzalez says.

The survey also finds that about half of Americans say they've worked harder since the coronavirus pandemic began.

"Middle-class Americans were the most likely to say they have worked harder, followed by high-income and then low-income Americans," Gonzalez says.

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This article originally ran on CultureMap.

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Building Houston

 
 

Data Gumbo, founded and led by Andrew Bruce, has announced its latest funding. Photo courtesy of Data Gumbo

A Houston-based tech company has announced another round of funding to support its blockchain network growth as well as to establish a presence in the Middle East.

Data Gumbo has closed its series B funding round totaling $7.7 million with follow-on investments led by Equinor Ventures. The round includes participation from Saudi Aramco Energy Ventures and Bay Area and Houston-based venture firm L37. The round's first close was announced in September 2020 at $4 million. The additional funds to close the Series B will be used to scale Data Gumbo to serve demand for GumboNet™ and GumboNet™ ESG. Additionally, Data Gumbo plans to establish a presence in the Middle East to cover expected demand growth in the region.

"The successful close of our series B is continued proof of the efficacy and booming interest in our ability to capture critical cost savings, deliver trust and provide transparency across commercial relationships," says Andrew Bruce, founder and CEO of Data Gumbo, in a news release. "Compounded by the growing demand for transparent, accurate sustainability data and the launch of our automated ESG measurement solution, GumboNet™ ESG, Data Gumbo's trajectory is well-positioned to serve our growing customer base by ensuring economic productivity and value. This infusion of capital will support our expansion efforts as we bring more international users to our network."

With this latest raise, Data Gumbo's total funding raised to date is $18.4 million.

"Data Gumbo's success is marked by a wide variety of business use cases and opportunities for expansion," says Bruce Niven, chief investment officer at Aramco Ventures, in the release. "Our continued investment is a testament to our continued support as the company attracts new customers, experiences further demand for its network and gains traction in new markets."

The company's technology features smart contract automation and execution, which reduces contract leakage, frees up working capital, enables real-time cash and financial management, and delivers provenance with unprecedented speed, accuracy, visibility and transparency, per the release.

"Data Gumbo is the market leader for smart contracts backed by blockchain, and the coming year will be a period of exponential growth for the company as they penetrate new industrial markets," says Kemal Farid, partner at L37, in the release. "We believe strongly that GumboNet will become the de facto network for smart contracts across industries for capturing value and solving enormous pain points in contractual relations. Additionally, as companies move to meet increasing sustainability measurement demands and ESG improvements, there is a huge growth path available for Data Gumbo with the launch of GumboNet ESG."

Earlier this year, the company announced its environmental, social and corporate governance tracking and reporting tool.

"Equinor's recent pilot at the Johan Sverdrup field has demonstrated that GumboNet can create strong value for the partnership," says Gareth Burns, head of Equinor Ventures, in the release. "Our follow-on investment confirms Equinor Ventures' confidence in Data Gumbo's solution for our company and the broader energy industry."

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