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Raleigh Named Among Best Cities for Female Entrepreneurs

Raleigh Named Among Best Cities for Female Entrepreneurs

NerdWallet considers economic and educational environment for businesswomen

San Francisco, CA (February 19, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the best cities for female entrepreneurs in the United States – and Raleigh made the list.

Since 1997, the number of women-owned businesses has grown by nearly 60 percent. As this number continues to rise, NerdWallet wanted to help aspiring businesswomen by taking a look at the cities where female entrepreneurship is thriving. NerdWallet based its rankings on the following criteria: 

  • Businesses per 100 residents
  • Percentage of businesses that are women-owned
  • Median earnings for female full-time workers
  • Percentage of residents ages 25 and older with at least a bachelor’s degree
  • Unemployment rate

NerdWallet ranked Raleigh as the 11th best city in the country for female entrepreneurs. The city has 10.5 businesses for every 100 residents, 28.4 percent of which are owned by women. Raleigh also has a very educated workforce; more than 46 percent of residents over age 25 have bachelor’s degrees.

“Raleigh is an excellent place for women-owned businesses,” said NerdWallet analyst Sreekar Jasthi. “Organizations like the Greater Raleigh Chamber of Commerce help develop the local economy, connect local businesses with one another, and foster business growth.”

Other cities that made the cut include Minneapolis, Austin, and New York. Read the full study online.

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