Best Cities for Women Entrepreneurs
1. Washington, D.C.
The nation’s capital has the highest rate of women-owned businesses of the top 10 cities on this list. More than a third of the businesses in D.C. are owned by women, so new female entrepreneurs can find many peers and mentors. The city is also home to several organizations that serve as resources for women in business, such as the Washington, DC Women’s Business Center, which provides training to women entrepreneurs to support their businesses, and the National Women’s Business Council, an advisory council that serves as a voice for female entrepreneurs to the federal government.
2. San Francisco
Women in San Francisco are active in the bustling entrepreneurial scene of the Bay Area and Silicon Valley — 30% of the city’s businesses is run by women. San Francisco also boasts the highest median year full-time female earnings of the 50 largest cities in the country at more than $60,000. Among nearby networking resources available to the large number of women entrepreneurs here is Professional BusinessWomen of California, which hosts a yearly conference in San Francisco; last year’s event featured several prominent businesswomen, including Sheryl Sandberg, the COO of Facebook.
3. Seattle, WA
Seattle is one of the most educated cities in the U.S., with nearly 58% of its residents holding a bachelor’s degree or higher. This correlates well with the city’s high median salary for women and relatively low unemployment rate. Seattle has 12.5 businesses per 100 residents, which is one of the highest such figures of all cities. Local resources for entrepreneurial women include Women Business Owners and Women’s Business Exchange, both of which are active networking committees that help connect women in business.
Published by NerdWallet.