If you’re a female entrepreneur, there are few cities in the country that would be a better place to launch and sustain your new business venture than right here in Raleigh.
The City of Oaks ranks as the No. 11 best city for female entrepreneurs, according toa ranking from personal finance website NerdWallet.com, beating out New York City, San Diego, Charlotte, Miami, Chicago, Baltimore and a host of other cities.
The number of women-owned business firms in the U.S. grew by 59 percent between 1997 and 2013, according to the National Association of Women Business Owners. And today, female entrepreneurs generate more than $1.3 trillion in total revenues at more than 8.6 million businesses in the country.
Raleigh, according to the report, has 10.5 businesses per 100 residents, with 28.4 percent of them being woman-owned. Median earnings for female full-time workers are $39,058.
Washington, D.C., San Francisco and Seattle took the top three spots, respectively, in the ranking.
Metros were analyzed for business-friendliness, female entrepreneur presence, earnings of female workers, education level and unemployment rate.