The 15 Best Cities For Female Entrepreneurs
While women account for 46% of the workforce, when it comes to starting our own businesses, it’s not news that we’ve got a bit of a handicap.
Women don’t just trail men in the number of businesses opened, but in all of the measurable stats: revenues (just 1.8% of female-led firms have revenues of over $1 million vs. 6.3% of male-led firms); patents (5.65% of female firms seek patent approval versus 13% of men); and job creation (36% of women-led firms create jobs to 44% of male-led firms).
But it’s not all terrible news: the growth in female-owned businesses in the U.S. has jumped by more than 50% since 1997, and the current estimate of 8.3 million such businesses now generate nearly $1.3 trillion in revenue and employ more than 7.7 people.
Programs like Astia and the White House Project, communities committed to the promotion of high-growth female-led firms are seeing applicants in record numbers, and according to the Small Business Administration, the dollar amount of loans granted to female business leaders is on the rise. In short, we’re at a critical time for women in entrepreneurship as we begin to tip the scales—and change the ratio.See Which Cities Made the Top 15 Listhttp://www.forbes.com/sites/meghancasserly/2012/10/18/the-15-best-cities-for-female-entrepreneurs/