If you're a female entrepreneur thinking about alocation for your business launch, and you value doing business inproximity to other women start-up founders, you might want toconsider relocating.

|

To launch in a state where the most women are doing the same,Georgia is the peachiest state of all.

|

Between 1997 and 2015, said the 2015 State ofWomen-Owned Businesses Report, commissioned by American Express OPEN, Georgia reportedthe highest incidence of the founding of women-owned businesses.Second place went to Texas, with North Carolina, North Dakota andNew York rounding out the top five.

|

Here's the story told by the numbers, which came from the U.S.Census Bureau:

|

Top 5 fastest-growing women-owned businesses,1997-2015:

  • Georgia: 132%
  • Texas: 116%
  • North Carolina: 98%
  • North Dakota: 89%
  • New York: 89%

Bottom 5 slowest-growing states:

  • Alaska: 14%
  • West Virginia: 26%
  • Iowa: 27%
  • Kansas: 32%
  • Maine: 36%

Further, the authors of the report added revenue and employmentfigures, along with the growth rate in women-owned businesses, andcreated an economic clout list. That ranking revealed that NorthDakota, Wyoming, Arizona, Georgia, Washington, D.C., and Nevadatopped the list.

|

And how about the top five cities for women-owned businessgrowth?

|

This could be of more value for women who enjoy the delights ofthe big city. The survey said San Antonio, Portland, Ore., Houston,Atlanta and Riverside, Calif., would be the best destinations for aone-way plane ticket.

|

Overall, the growth in women-owned businesses waspropelled by the economic recovery, the report said. The 9.4million women-owned U.S. businesses represent 30% of all businesseswhich employ nearly 8 million people. Women founded 887 new companiesin 2014.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.