15 Cities with the Most Female Business Owners

Editor’s Be aware: This story initially appeared on BackgroundChecks.org.

Small companies are a significant engine of development within the U.S. economic system, and ladies are taking part in an more and more giant function within the nation’s entrepreneurial ecosystem.

In response to current knowledge from the U.S. Census Bureau, women-owned corporations now symbolize greater than 1 in 5 companies with workers within the U.S., a determine that has trended upward lately. These enterprises report over $1.8 trillion in annual income and make use of practically 11 million employees.

Whereas women-owned companies have gotten a extra important a part of the economic system, the Census Bureau’s knowledge additionally exhibits that girls’s experiences of entrepreneurship often look completely different than males’s. Notably, the industries that women tend to start businesses in are completely different from the most typical industries for males.

Specifically, fields like well being care and social help or lodging and meals service are inclined to have increased proportions of women-owned companies. And partially because of these variations in business, women-owned corporations are inclined to pay much less per worker (30.1% much less) than the nationwide common.

Nonetheless, these variations additionally lengthen to ladies’s causes for moving into enterprise within the first place. Ladies are extra seemingly than males to report that versatile hours or balancing work and household obligations have been crucial when deciding to begin a enterprise.

In the meantime, males usually tend to say that the potential for incomes better revenue or eager to be their very own boss motivated their determination to begin a enterprise.

To find out the areas with most feminine enterprise house owners, researchers at BackgroundChecks.org checked out knowledge from the U.S. Census Bureau’s Annual Business Survey and calculated the proportion of companies which can be women-owned.

Listed below are the U.S. metros with essentially the most feminine enterprise house owners.

15. Baltimore-Columbia-Towson, MD

• Share of companies which can be women-owned: 22.3%
• Complete companies which can be women-owned: 11,456
• Complete employment at women-owned companies: 110,780
• Complete income at women-owned companies: $5 billion or extra

14. Las Vegas-Henderson-Paradise, NV

• Share of companies which can be women-owned: 22.4%
• Complete companies which can be women-owned: 8,375
• Complete employment at women-owned companies: 70,423
• Complete income at women-owned companies: $5 billion or extra

13. San Francisco-Oakland-Berkeley, CA

• Share of companies which can be women-owned: 22.5%
• Complete companies which can be women-owned: 23,777
• Complete employment at women-owned companies: 177,572
• Complete income at women-owned companies: $5 billion or extra

12. Houston-The Woodlands-Sugar Land, TX

• Share of companies which can be women-owned: 22.7%
• Complete companies which can be women-owned: 25,167
• Complete employment at women-owned companies: 238,105
• Complete income at women-owned companies: $5 billion or extra

11. Atlanta-Sandy Springs-Alpharetta, GA

• Share of companies which can be women-owned: 22.8%
• Complete companies which can be women-owned: 25,815
• Complete employment at women-owned companies: 196,911
• Complete income at women-owned companies: $5 billion or extra

10. Richmond, VA

• Share of companies which can be women-owned: 23.0%
• Complete companies which can be women-owned: 5,898
• Complete employment at women-owned companies: 46,459
• Complete income at women-owned companies: $5 billion or extra

9. Jacksonville, FL

• Share of companies which can be women-owned: 23.0%
• Complete companies which can be women-owned: 6,805
• Complete employment at women-owned companies: 50,424
• Complete income at women-owned companies: $5 billion or extra

8. Miami-Fort Lauderdale-Pompano Seashore, FL

• Share of companies which can be women-owned: 23.0%
• Complete companies which can be women-owned: 39,597
• Complete employment at women-owned companies: 213,294
• Complete income at women-owned companies: $5 billion or extra

7. Durham-Chapel Hill, NC

• Share of companies which can be women-owned: 23.4%
• Complete companies which can be women-owned: 2,458
• Complete employment at women-owned companies: 14,403
• Complete income at women-owned companies: $1 billion to lower than $5 billion

6. New Orleans-Metairie, LA

• Share of companies which can be women-owned: 23.7%
• Complete companies which can be women-owned: 5,808
• Complete employment at women-owned companies: 72,267
• Complete income at women-owned companies: $5 billion or extra

5. Virginia Seashore-Norfolk-Newport Information, VA-NC

• Share of companies which can be women-owned: 23.7%
• Complete companies which can be women-owned: 6,336
• Complete employment at women-owned companies: 47,970
• Complete income at women-owned companies: $5 billion or extra

4. Albuquerque, NM

• Share of companies which can be women-owned: 23.8%
• Complete companies which can be women-owned: 3,583
• Complete employment at women-owned companies: 29,324
• Complete income at women-owned companies: $1 billion to lower than $5 billion

3. Washington-Arlington-Alexandria, DC-VA-MD-WV

• Share of companies which can be women-owned: 24.0%
• Complete companies which can be women-owned: 26,857
• Complete employment at women-owned companies: 255,460
• Complete income at women-owned companies: $5 billion or extra

2. Denver-Aurora-Lakewood, CO

• Share of companies which can be women-owned: 24.4%
• Complete companies which can be women-owned: 17,045
• Complete employment at women-owned companies: 131,685
• Complete income at women-owned companies: $5 billion or extra

1. City Honolulu, HI

• Share of companies which can be women-owned: 26.1%
• Complete companies which can be women-owned: 4,304
• Complete employment at women-owned companies: 44,130
• Complete income at women-owned companies: $5 billion or extra

Methodology

The info used on this evaluation is from the U.S. Census Bureau’s Annual Business Survey. To find out the areas with most feminine enterprise house owners, researchers calculated the proportion of companies which can be women-owned. Within the occasion of a tie, the placement with a better complete companies which can be women-owned was ranked increased. Solely the 100 largest metropolitan areas for which full knowledge was out there have been thought-about on this evaluation. All knowledge proven represents employer corporations solely; corporations with out workers usually are not included.

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