The Best Cities For Women Business Owners
August 28, 2020
Women’s entrepreneurship has been dramatically on the rise in America during the past decade. There are now 12.3 million women-owned businesses in in the U.S., according to a report by American Express and SCORE. The average annual revenues of women-owned companies rose 68% in 2019, to $384,359 from $228,578 in 2018, according to Biz2Credit’s annual study of 30,000 women-owned companies.
Businesses owned by women are thriving all across the country, but in some places more than others. Fundera recently conducted a study of the Best Cities for Women Entrepreneurs based on data from the U.S. Census Bureau and the Tax Foundation. The study found that states in the South and West well-represented in the top 10, including Arizona, Florida, Nevada, Oregon, and Washington.