DC Tabbed As Best City for Female Entrepreneurs
With 34.5% of businesses in the city owned by a woman, Washington, DC, is at the top of the list of U.S. cities for female entrepreneurs. A new ranking by NerdWallet, a free tool to help consumers make decisions about their money, puts the nation's capital ahead of entrepreneurial meccas like San Francisco and Seattle.
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.
Despite the negative attention that Silicon Valley has been getting for its 'male-dominated frat boy culture', the region has too many positives to drop too far down the list. San Francisco has the highest median year full-time female earnings of the 50 largest cities in the country at more than $60,000 and San Jose comes in at a respectable $52,000.
According to the ranking, the top 10 best U.S. cities for female entrepreneurs are:
- Washington, DC
- San Francisco
- Portland, OR
- San Jose