{"id":3203,"date":"2022-05-03T11:34:42","date_gmt":"2022-05-03T16:34:42","guid":{"rendered":"https:\/\/www.northone.com\/blog\/?p=3203"},"modified":"2024-03-19T14:50:10","modified_gmt":"2024-03-19T19:50:10","slug":"best-states-for-women-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.northone.com\/blog\/start-a-business\/best-states-for-women-entrepreneurs","title":{"rendered":"The Best States for Women Entrepreneurs in 2024"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.northone.com\/blog\/small-business\/small-business-statistics\">Building a small business<\/a> is never easy, but the reality of the past two years has made it especially tough. And yet, more and more women are showing up with resiliency and determination to see their vision through. In turn, the best states for women entrepreneurs continues to expand.&nbsp;<\/p>\n\n\n\n<p>Although this fresh wave of <a href=\"https:\/\/www.northone.com\/blog\/small-business\/women-owned-business-statistics\">women entrepreneurship<\/a> can be felt across the country, not all states are made equal. That\u2019s why we\u2019re turning to the data to understand where in America offers the best conditions for women-owned businesses to start, build, and grow.<\/p>\n\n\n\n<p>We kept a variety of factors in mind when determining the best states for women entrepreneurs, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Percent of women-owned businesses<\/li>\n\n\n\n<li>Women-to-men pay ratios<\/li>\n\n\n\n<li>Unemployment rates for women<\/li>\n\n\n\n<li>Start-up survival rates<\/li>\n\n\n\n<li>And more<\/li>\n<\/ul>\n\n\n\n<p>Here\u2019s what we found.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img decoding=\"async\" data-expand=\"1\" src=\"https:\/\/www.northone.com\/blog\/wp-content\/plugins\/media-ace\/includes\/lazy-load\/images\/blank.png\" data-src=\"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2022\/05\/Data-Report-WOB-1x1_v1-1024x1024.png\" alt=\"\" class=\"lazyload wp-image-3204\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Top_10_States_for_Female_Entrepreneurs\"><\/span><strong>The Top 10 States for Female Entrepreneurs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>While the East is clearly leading the charge, we\u2019re seeing states from coast to coast come together to support the future women-owned businesses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"10_Georgia\"><\/span><strong>10. Georgia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Rounding out the top 10, Georgia is booming with opportunities for female entrepreneurs. 17.51% of businesses in the state have been operating for less than two years, and it has one of the lowest unemployment rates in our top 10 at 4.22%.<\/p>\n\n\n\n<p>It\u2019s clear that Georgia\u2019s small business community is thriving, and that\u2019s no different for women-owned businesses in the state. 9.38% of the businesses in Georgia are female owned, and the state ranks seventh nationally for the percentage of women-owned businesses with 500+ employees.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_Hawaii\"><\/span><strong>9. Hawaii<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As one of the smaller US states, Hawaii\u2019s business community isn\u2019t as prolific as others. In fact, it has the lowest percentage of new businesses on the list and just a 75.09% startup survival rate. With that said, the island is still an oasis for female entrepreneurs and still has become one of the best states for women entrepreneurs. It boasts the lowest unemployment rate for women in our top 10\u2014and fifth lowest nationally\u2014at 54.11%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Missouri\"><\/span><strong>8. Missouri<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Missouri\u2019s business community is on the up and up. More entrepreneurs are setting up shop in this Midwestern state than most others on the list, with 17.09% of businesses being less than two years old. Missouri also has one of the lowest unemployment rates for women at 57.36% and the lowest overall unemployment rate at just 3.21% compared to the other states on our list. That means Missouri\u2019s business community is a safe haven for young, growing businesses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Texas\"><\/span><strong>7. Texas<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Texas has seen a boom in business growth over the last couple of years. The Lone Star State ranks seventh nationally for the percentage of new businesses at 18.18%. It also has the second highest startup survival rate in our top 10 at 79.63%.<\/p>\n\n\n\n<p>Texas offers a ton of opportunities for female entrepreneurs, too. It has one of the highest numbers of women-owned businesses in the country at a whopping 1.4 million, 2.11% of which have over 500 employees. That\u2019s the fourth highest overall compared to all 50 states.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_New_Mexico\"><\/span><strong>6. New Mexico<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Although it has less women-owned businesses than its neighbor to the north, New Mexico is a strong contender in its own right. Boasting the highest startup survival rate on the list at a whopping 80.09%, entrepreneurs can rest easy knowing that the southwestern business community is low on risk and high on potential.<\/p>\n\n\n\n<p>New Mexico still puts up respectable numbers when it comes to women-owned businesses, too. 9.58% of businesses in the state are run by female entrepreneurs, and it has the second lowest unemployment rate for women at 54.87%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Florida\"><\/span><strong>5. Florida<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Kicking off our top five is Florida\u2014and for good reason. Not only does the Sunshine State have a booming business community, it offers great conditions for female entrepreneurs. It has the highest number of women-owned businesses in our top ten at over 1.5 million, the second highest percentage of women-owned businesses with 500+ employees at 1.90%, and the third highest women-to-men pay ratio in the country at 80.22%.<\/p>\n\n\n\n<p>On top of all that, Florida has one of the lowest overall unemployment rates on the list at just 3.69% and ranks eighth overall for the percentage of new businesses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Maryland\"><\/span><strong>4. Maryland<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When it comes to good places to launch a business, Maryland is not to be overlooked. This eastern state has one of the highest startup survival rates on the list at 76.65%, making it the perfect place to set up shop.<\/p>\n\n\n\n<p>Not to mention, Maryland puts up some excellent numbers that favor entrepreneurial women. It has the third highest women-to-men pay ratio on the list at 78.61% and the lowest unemployment rate for women in the top five.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Virginia\"><\/span><strong>3. Virginia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Virginia joins the ranks as our third best state for women entrepreneurs. Not only does it have one of the highest percentages of women-owned businesses in the country at 10.12%, it also has the second lowest overall unemployment rate at 3.58%. Together, these insights show how well Virginia supports its small business community, female entrepreneurs included.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Nevada\"><\/span><strong>2. Nevada<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Coming in at number two, Nevada is a powerhouse state for female entrepreneurship. The Silver State ranks in the top 10 nationally for five out of seven of our qualifying metrics. In particular, Nevada has the fourth highest overall women-to-men pay ratio at 79.60%, the second highest percentage of women-owned businesses at 10.17%, and the eighth highest percentage of women-owned businesses with 500+ employees at 1.80%.<\/p>\n\n\n\n<p>Nevada also has the highest percentage of new businesses on the list at 20.94% and one of the highest startup survival rates, making it a great place to launch a business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Colorado\"><\/span><strong>1. Colorado<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Leading the way as the best state for women entrepreneurs is Colorado. Not only does this state have a 76.86% startup survival rate, it also has one of the highest percentages of new businesses nationally. That means more entrepreneurs are setting up shop in the Centennial State than any other\u2014and most of them stand the test of time. Colorado also has the highest percentage of women-owned businesses in the entire country at 10.39% so any female entrepreneur that launches a business here will be in good company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Methodology\"><\/span><strong>Methodology<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For this report, we gathered data from eight separate metrics for all 50 US states. In order of priority, the data includes: % of women-owned businesses, % of women-owned businesses with 500+ employees, number of women-owned businesses, startup survival rate, women-to-men pay ratio, unemployment rate for women, overall unemployment rate, and new businesses as a % of total businesses.<\/p>\n\n\n\n<p>Our data was pulled from three separate sources:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.census.gov\/programs-surveys\/abs.html\">Census Bureau 2020 Annual Business Survey<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.census.gov\/programs-surveys\/acs\/data\/experimental-data.html\">2020 ACS 1-Year Experimental Data<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/indicators.kauffman.org\/reports\">2020 Kauffman Indicators of Entrepreneurship<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_takeaways\"><\/span><strong>Key takeaways<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Despite the pandemic, business is still booming and female entrepreneurs are leading the way. Even though there\u2019s still work to be done, it\u2019s exciting to see the steps being taken to support entrepreneurial women across the country and seeing more states added on to the list of best states for women entrepreneurs.<\/p>\n\n\n\n<p>If you\u2019re thinking about starting a business in your own home state, remember: we at <a href=\"https:\/\/auth.northone.com\/login?state=hKFo2SAzVHA3N2xSTUpZQVNoVzBBNDFHNF9saXJQc3JuN1NzLaFupWxvZ2luo3RpZNkgalBYLVlEXzItZ0JMc0ZDTWowMW91NWpwQ253c0hnNkujY2lk2SBiY2NpWWF4SDAxZk8yVHdqSXdIdG1hYk9rZVZCWmJpMQ&amp;client=bcciYaxH01fO2TwjIwHtmabOkeVBZbi1&amp;protocol=oauth2&amp;redirect_uri=https%3A%2F%2Fjoin.northone.com&amp;audience=northoneCoreApi&amp;mode=signup&amp;scope=openid%20email%20profile%20address%20phone&amp;response_type=code&amp;response_mode=query&amp;nonce=NHZZU2IwdDFjTmJBcXJxdXlIN3lJZHFBRn5pUjdtdjJ2dC4xTW5nbXI0WA%3D%3D&amp;code_challenge=J6r5O0HAH7fOJzb4eRCT2udqD4jjN53cdAzE4g41oFk&amp;code_challenge_method=S256&amp;auth0Client=eyJuYW1lIjoiYXV0aDAtc3BhLWpzIiwidmVyc2lvbiI6IjEuMTMuMSJ9\">North One<\/a> have your back. Let\u2019s get to work.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Building a small business is never easy, but the reality of the past two years has made it especially tough. And yet, more and more women are showing up with&#8230;<\/p>\n","protected":false},"author":28,"featured_media":3205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[154],"tags":[],"class_list":["post-3203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-start-a-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Best States for Women Entrepreneurs in 2024 - North One<\/title>\n<meta name=\"description\" content=\"Where in the U.S. are all the women entrepreneurs? Learn which states lead the pack when it comes to the best states for women entrepreneurs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.northone.com\/blog\/start-a-business\/best-states-for-women-entrepreneurs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Best States for Women Entrepreneurs in 2024 - North One\" \/>\n<meta property=\"og:description\" content=\"Where in the U.S. are all the women entrepreneurs? Learn which states lead the pack when it comes to the best states for women entrepreneurs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.northone.com\/blog\/start-a-business\/best-states-for-women-entrepreneurs\" \/>\n<meta property=\"og:site_name\" content=\"North One Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/northonebanking\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-03T16:34:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-19T19:50:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2022\/05\/Data-Report-WOB-Blog-Header-Image_v1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"863\" \/>\n\t<meta property=\"og:image:height\" content=\"558\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Char Emeljanow\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NorthOneApp\" \/>\n<meta name=\"twitter:site\" content=\"@NorthOneApp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Char Emeljanow\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/start-a-business\\\/best-states-for-women-entrepreneurs#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/start-a-business\\\/best-states-for-women-entrepreneurs\"},\"author\":{\"name\":\"Char Emeljanow\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#\\\/schema\\\/person\\\/4082082e000988055d0733321d5cd7d6\"},\"headline\":\"The Best States for Women Entrepreneurs in 2024\",\"datePublished\":\"2022-05-03T16:34:42+00:00\",\"dateModified\":\"2024-03-19T19:50:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/start-a-business\\\/best-states-for-women-entrepreneurs\"},\"wordCount\":1145,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/start-a-business\\\/best-states-for-women-entrepreneurs#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/Data-Report-WOB-Blog-Header-Image_v1.png\",\"articleSection\":[\"Start a Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.northone.com\\\/blog\\\/start-a-business\\\/best-states-for-women-entrepreneurs#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/start-a-business\\\/best-states-for-women-entrepreneurs\",\"url\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/start-a-business\\\/best-states-for-women-entrepreneurs\",\"name\":\"The Best States for Women Entrepreneurs in 2024 - North One\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/start-a-business\\\/best-states-for-women-entrepreneurs#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/start-a-business\\\/best-states-for-women-entrepreneurs#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.northone.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/Data-Report-WOB-Blog-Header-Image_v1.png\",\"datePublished\":\"2022-05-03T16:34:42+00:00\",\"dateModified\":\"2024-03-19T19:50:10+00:00\",\"description\":\"Where in the U.S. are all the women entrepreneurs? 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