Women made history in the recent midterm elections by increasing their numbers in Congress, and while they are making strides in business, too, they are still not equally represented.
Of incorporated businesses across the top 50 metropolitan areas in the U.S., just 30% are led by women, according to a study by personal finance site MagnifyMoney. Women are more successful in some places than in others. MagnifyMoney surveyed the 50 largest U.S. cities to find the best places for women who want to be their own boss, launch a business -- or both.
MagnifyMoney ranked the cities based on these criteria:
- Business income for self-employed women
- Business earnings for self-employed women compared with wage earners.
- The rate of self-employed women and women with incorporated businesses.
- Parity of business ownership between women and men.
These are the best U.S. cities for women entrepreneurs.