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15 Cities With the Most Female Business Owners

Money Talks News Logo By Lauren Bringle of Money Talks News | Slide 1 of 16: This story originally appeared on Self. Female workers face a number of challenges, including inequities in pay and underrepresentation in certain industries and occupations. And while the share of female business owners is on the rise, women still own far fewer businesses than men. While women account for 48% of all workers nationally, they make up just 38.4% of business owners according to data from the U.S. Census Bureau. Among owners of incorporated businesses, women are even more scarce, accounting for just one-third of incorporated business owners. The share of female business ownership has increased over the last decade, going from 35.2% in 2010 to 38.4% in 2019. Women start businesses for many of the same reasons as men — namely, to be their own boss, to follow a passion, or to pursue a new opportunity. But women are much more likely than men to cite increased flexibility and the ability to control their schedules as important motivators in starting their own businesses. Although female business ownership is becoming more common, women are less likely than men to incorporate their businesses. While 41% of unincorporated business owners are women, they account for only 33% of incorporated business owners. To determine the metros with most female business owners, researchers at Self Financial analyzed the latest data from the Census Bureau’s 2019 American Community Survey and the 2018 American Community Survey Public Use Microdata Sample (ACS PUMS). The researchers ranked metro areas according to the percentage of business owners who are female. In the event of a tie, the metro with more female business owners was ranked higher. Researchers also calculated the total number of female business owners, the total number of female business owners for incorporated and unincorporated firms, and the most active industry for female business owners — defined as the industry with the most female business owners. Here are the metropolitan areas with the most female business owners. It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter. Sponsored: How to find cheaper car insurance in minutes Getting a better deal on car insurance doesn’t have to be hard. You can have The Zebra, an insurance comparison site, compare quotes in just a few minutes and find you the best rates. Consumers save up to $670 per year, according to the site, so if you’re ready to secure your new rate, get started now.

15 Cities With the Most Female Business Owners

This story originally appeared on Self.

Female workers face a number of challenges, including inequities in pay and underrepresentation in certain industries and occupations. And while the share of female business owners is on the rise, women still own far fewer businesses than men.

While women account for 48% of all workers nationally, they make up just 38.4% of business owners according to data from the U.S. Census Bureau. Among owners of incorporated businesses, women are even more scarce, accounting for just one-third of incorporated business owners.

The share of female business ownership has increased over the last decade, going from 35.2% in 2010 to 38.4% in 2019. Women start businesses for many of the same reasons as men — namely, to be their own boss, to follow a passion, or to pursue a new opportunity. But women are much more likely than men to cite increased flexibility and the ability to control their schedules as important motivators in starting their own businesses.

Although female business ownership is becoming more common, women are less likely than men to incorporate their businesses. While 41% of unincorporated business owners are women, they account for only 33% of incorporated business owners.

To determine the metros with most female business owners, researchers at Self Financial analyzed the latest data from the Census Bureau’s 2019 American Community Survey and the 2018 American Community Survey Public Use Microdata Sample (ACS PUMS). The researchers ranked metro areas according to the percentage of business owners who are female.

In the event of a tie, the metro with more female business owners was ranked higher. Researchers also calculated the total number of female business owners, the total number of female business owners for incorporated and unincorporated firms, and the most active industry for female business owners — defined as the industry with the most female business owners.

Here are the metropolitan areas with the most female business owners.

It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter.

Sponsored: How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn’t have to be hard. You can have The Zebra, an insurance comparison site, compare quotes in just a few minutes and find you the best rates. Consumers save up to $670 per year, according to the site, so if you’re ready to secure your new rate, get started now.

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