Tuesday, September 27, 2022

15 Cities with the Most Female Business Owners


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Editor’s Note: This story originally appeared on BackgroundChecks.org.

Small businesses are a major engine of growth in the U.S. economy, and women are playing an increasingly large role in the country’s entrepreneurial ecosystem.

According to recent data from the U.S. Census Bureau, women-owned firms now represent more than 1 in 5 businesses with employees in the U.S., a figure that has trended upward in recent years. These enterprises report over $1.8 trillion in annual revenue and employ nearly 11 million workers.

While women-owned businesses are becoming a more significant part of the economy, the Census Bureau’s data also shows that women’s experiences of entrepreneurship frequently look different than men’s. Notably, the industries that women tend to start businesses in are different from the most common industries for men.

In particular, fields like health care and social assistance or accommodation and food service tend to have higher proportions of women-owned businesses. And in part due to these differences in industry, women-owned firms tend to pay less per employee (30.1% less) than the national average.

However, these differences also extend to women’s reasons for getting into business in the first place. Women are more likely than men to report that flexible hours or balancing work and family obligations were very important when deciding to start a business.

Meanwhile, men are more likely to say that the possibility of earning greater income or wanting to be their own boss motivated their decision to start a business.

To determine the locations with most female business owners, researchers at BackgroundChecks.org looked at data from the U.S. Census Bureau’s Annual Business Survey and calculated the percentage of businesses that are women-owned.

Here are the U.S. metros with the most female business owners.

15. Baltimore-Columbia-Towson, MD

Baltimore, Maryland
ESB Professional / Shutterstock.com
  • Percentage of businesses that are women-owned: 22.3%
  • Total businesses that are women-owned: 11,456
  • Total employment at women-owned businesses: 110,780
  • Total revenue at women-owned businesses: $5 billion or more

14. Las Vegas-Henderson-Paradise, NV

Las Vegas Skyline
littlenySTOCK / Shutterstock.com
  • Percentage of businesses that are women-owned: 22.4%
  • Total businesses that are women-owned: 8,375
  • Total employment at women-owned businesses: 70,423
  • Total revenue at women-owned businesses: $5 billion or more

13. San Francisco-Oakland-Berkeley, CA

San Francisco, California
IM_photo / Shutterstock.com
  • Percentage of businesses that are women-owned: 22.5%
  • Total businesses that are women-owned: 23,777
  • Total employment at women-owned businesses: 177,572
  • Total revenue at women-owned businesses: $5 billion or more

12. Houston-The Woodlands-Sugar Land, TX

Houston, Texas skyline
Silvio Ligutti / Shutterstock.com
  • Percentage of businesses that are women-owned: 22.7%
  • Total businesses that are women-owned: 25,167
  • Total employment at women-owned businesses: 238,105
  • Total revenue at women-owned businesses: $5 billion or more

11. Atlanta-Sandy Springs-Alpharetta, GA

Atlanta skyline
Sean Pavone / Shutterstock.com
  • Percentage of businesses that are women-owned: 22.8%
  • Total businesses that are women-owned: 25,815
  • Total employment at women-owned businesses: 196,911
  • Total revenue at women-owned businesses: $5 billion or more

10. Richmond, VA

Richmond, Virginia
ESB Professional / Shutterstock.com
  • Percentage of businesses that are women-owned: 23.0%
  • Total businesses that are women-owned: 5,898
  • Total employment at women-owned businesses: 46,459
  • Total revenue at women-owned businesses: $5 billion or more

9. Jacksonville, FL

Jacksonville, Florida
ESB Professional / Shutterstock.com
  • Percentage of businesses that are women-owned: 23.0%
  • Total businesses that are women-owned: 6,805
  • Total employment at women-owned businesses: 50,424
  • Total revenue at women-owned businesses: $5 billion or more

8. Miami-Fort Lauderdale-Pompano Beach, FL

Miami, Florida
littleny / Shutterstock.com
  • Percentage of businesses that are women-owned: 23.0%
  • Total businesses that are women-owned: 39,597
  • Total employment at women-owned businesses: 213,294
  • Total revenue at women-owned businesses: $5 billion or more

7. Durham-Chapel Hill, NC

Durham, North Carolina
Sean Pavone / Shutterstock.com
  • Percentage of businesses that are women-owned: 23.4%
  • Total businesses that are women-owned: 2,458
  • Total employment at women-owned businesses: 14,403
  • Total revenue at women-owned businesses: $1 billion to less than $5 billion

6. New Orleans-Metairie, LA

New Orleans, Louisiana at night
f11 photography / Shutterstock.com
  • Percentage of businesses that are women-owned: 23.7%
  • Total businesses that are women-owned: 5,808
  • Total employment at women-owned businesses: 72,267
  • Total revenue at women-owned businesses: $5 billion or more

5. Virginia Beach-Norfolk-Newport News, VA-NC

Virginia Beach, Virginia at night.
Jon Bilous / Shutterstock.com
  • Percentage of businesses that are women-owned: 23.7%
  • Total businesses that are women-owned: 6,336
  • Total employment at women-owned businesses: 47,970
  • Total revenue at women-owned businesses: $5 billion or more

4. Albuquerque, NM

Albuquerque homes
turtix / Shutterstock.com
  • Percentage of businesses that are women-owned: 23.8%
  • Total businesses that are women-owned: 3,583
  • Total employment at women-owned businesses: 29,324
  • Total revenue at women-owned businesses: $1 billion to less than $5 billion

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

U.S. Capitol
Orhan Cam / Shutterstock.com
  • Percentage of businesses that are women-owned: 24.0%
  • Total businesses that are women-owned: 26,857
  • Total employment at women-owned businesses: 255,460
  • Total revenue at women-owned businesses: $5 billion or more

2. Denver-Aurora-Lakewood, CO

Arina P. Habich / Shutterstock.com
  • Percentage of businesses that are women-owned: 24.4%
  • Total businesses that are women-owned: 17,045
  • Total employment at women-owned businesses: 131,685
  • Total revenue at women-owned businesses: $5 billion or more

1. Urban Honolulu, HI

emperorcosa / Shutterstock.com
  • Percentage of businesses that are women-owned: 26.1%
  • Total businesses that are women-owned: 4,304
  • Total employment at women-owned businesses: 44,130
  • Total revenue at women-owned businesses: $5 billion or more

Methodology

Skeptical confused woman is doubtful about a scam or deal
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The data used in this analysis is from the U.S. Census Bureau’s Annual Business Survey. To determine the locations with most female business owners, researchers calculated the percentage of businesses that are women-owned. In the event of a tie, the location with a greater total businesses that are women-owned was ranked higher. Only the 100 largest metropolitan areas for which complete data was available were considered in this analysis. All data shown represents employer firms only; firms without employees are not included.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.



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