February 20, 2014
According to analyses from NerdWallet earlier this week, Washington DC leads the nation in the best cities for women entrepreneurs. The high ranking should not come as a surprise, especially with resources like the Washington DC Women’s Business Center and National Women’s Business Council directly available for women in the region. San Francisco, the classic hotbed for startups and entrepreneurship, comes in at second place. And while great for DC overall, the revelation speaks volumes on the opportunities available for women in tech who want to start businesses outside of the Bay Area.
Using data from the 50 most populous cities in the US, NerdWallet ranked the top ten cities for women entrepreneurs. The criteria for the ranking included: the city’s unemployment rate; the number of businesses in the city per 100 residents; the percentage of business that are women-owned; the percentage of residents 25 or older with, at least, a bachelor’s degree; and the median earnings for full-time female employees. In the end, DC’s lower unemployment rate and higher percentage of women-owned businesses put DC ahead of San Francisco.
This isn’t the first time that NerdWallet has analyzed national data to produce these rankings. Last year’s rankings put San Francisco on top, with Washington, DC coming in at 3rd place behind Seattle.
Check out this year’s top cities for women entrepreneurs below (infographic):
Did you like this article?
Get more delivered to your inbox just like it!