While women have made strides in many areas of the business world, there’s a significant gender gap when it comes to entrepreneurship. In fact, the rate of working-age women who become new entrepreneurs worldwide is roughly three quarters that of men.
For women who want to start a business, some parts of the U.S. are more conducive to their success than others.
The Murfreesboro, Nashville and Franklin areas of Middle Tennessee cracked the top half of the study, coming in at number 15 on the list.
The study showed that 17.01% of businesses in this area are owned by a female. The survival rate of women-owned businesses in Murfreesboro, Nashville and Franklin is 79.42%.
The number one cities for female owned businesses was Minneapolis, Saint Paul and Bloomington in Minnesota. In that area, 19.78% of businesses are women-owned and the business survival rate is 80.44%.