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Editor’s Notice: This story initially appeared on BackgroundChecks.org.

Small companies are a serious engine of progress within the US financial system, and girls are enjoying an growing position within the nation’s entrepreneurial ecosystem.

Based on current knowledge from the US Census Bureau, greater than 1 in 5 corporations with workers within the US is owned by ladies, a quantity that has trended upwards in recent times. These corporations report annual gross sales in extra of $1.8 trillion and make use of almost 11 million individuals.

As women-owned companies change into an more and more necessary a part of the financial system, Census Bureau knowledge additionally reveals that girls’s entrepreneurial experiences usually differ from males’s. Particularly, the industries through which ladies begin companies differ from the commonest industries for males.

Particularly, areas comparable to well being and social companies or lodging and gastronomy are inclined to have a higher proportion of corporations run by ladies. And partly due to these trade disparities, women-owned corporations are inclined to pay much less per worker (30.1% much less) than the nationwide common.

Nevertheless, these variations additionally lengthen to ladies’s causes for coming into the financial system within the first place. Extra ladies than males state that versatile working hours or the compatibility of labor and household had been essential once they determined to begin a enterprise.

Males, however, usually tend to say that the chance to earn extra or to be their very own boss motivated their resolution to begin a enterprise.

To find out the areas with probably the most feminine enterprise house owners, researchers from BackgroundChecks.org examined knowledge from the US Census Bureau’s annual enterprise survey and calculated the share of companies owned by ladies.

Listed below are the US metropolitan areas with probably the most feminine enterprise house owners.

15. Baltimore-Columbia-Towson, MD

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• Share of corporations run by ladies: 22.3%
• Whole variety of corporations run by ladies: 11,456
• Whole employment in corporations run by ladies: 110,780
• Whole gross sales in women-led corporations: $5 billion or extra

14. Las Vegas-Henderson Paradise, NV

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• Share of corporations run by ladies: 22.4%
• Whole variety of corporations run by ladies: 8,375
• Whole employment in corporations run by ladies: 70,423
• Whole gross sales in women-led corporations: $5 billion or extra

13. San Francisco-Oakland-Berkeley, CA

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• Share of corporations run by ladies: 22.5%
• Whole variety of corporations run by ladies: 23,777
• Whole employment in corporations run by ladies: 177,572
• Whole gross sales in women-led corporations: $5 billion or extra

12. Houston-The Woodlands-Sugar Nation, TX

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• Share of corporations run by ladies: 22.7%
• Whole variety of corporations run by ladies: 25.167
• Whole employment in corporations run by ladies: 238.105
• Whole gross sales in women-led corporations: $5 billion or extra

11. Atlanta-Sandy Springs-Alpharetta, GA

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• Share of corporations run by ladies: 22.8%
• Whole variety of corporations run by ladies: 25,815
• Whole employment in corporations run by ladies: 196,911
• Whole gross sales in women-led corporations: $5 billion or extra

10. Richmond, Va

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• Share of corporations run by ladies: 23.0%
• Whole variety of corporations run by ladies: 5,898
• Whole employment in corporations run by ladies: 46,459
• Whole gross sales in women-led corporations: $5 billion or extra

9. Jacksonville, FL

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• Share of corporations run by ladies: 23.0%
• Whole variety of corporations run by ladies: 6,805
• Whole employment in corporations run by ladies: 50,424
• Whole gross sales in women-led corporations: $5 billion or extra

8. Miami-Fort Lauderdale-Pompano Seashore, FL

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• Share of corporations run by ladies: 23.0%
• Whole variety of corporations run by ladies: 39,597
• Whole employment in corporations run by ladies: 213,294
• Whole gross sales in women-led corporations: $5 billion or extra

7. Durham-Chapel Hill, NC

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• Share of corporations run by ladies: 23.4%
• Whole variety of corporations run by ladies: 2,458
• Whole employment in corporations run by ladies: 14,403
• Whole gross sales in women-led corporations: $1 billion to lower than $5 billion

6. New Orleans-Metairie, LA

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• Share of corporations run by ladies: 23.7%
• Whole variety of corporations run by ladies: 5,808
• Whole employment in corporations run by ladies: 72,267
• Whole gross sales in women-led corporations: $5 billion or extra

5. Virginia Seashore-Norfolk-Newport Information, VA-NC

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• Share of corporations run by ladies: 23.7%
• Whole variety of corporations run by ladies: 6,336
• Whole employment in corporations run by ladies: 47,970
• Whole gross sales in women-led corporations: $5 billion or extra

4. Albuquerque, NM

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• Share of corporations run by ladies: 23.8%
• Whole variety of corporations run by ladies: 3,583
• Whole employment in corporations run by ladies: 29,324
• Whole gross sales in women-led corporations: $1 billion to lower than $5 billion

3. Washington-Arlington-Alexandria, DC-VA-MD-WV

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• Share of corporations run by ladies: 24.0%
• Whole variety of corporations run by ladies: 26,857
• Whole employment in corporations run by ladies: 255,460
• Whole gross sales in women-led corporations: $5 billion or extra

2. Denver-Aurora-Lakewood, CO

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• Share of corporations run by ladies: 24.4%
• Whole variety of corporations run by ladies: 17,045
• Whole employment in corporations run by ladies: 131,685
• Whole gross sales in women-led corporations: $5 billion or extra

1. City Honolulu, HI

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• Share of corporations run by ladies: 26.1%
• Whole variety of corporations run by ladies: 4.304
• Whole employment in corporations run by ladies: 44,130
• Whole gross sales in women-led corporations: $5 billion or extra

methodology

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The info used on this evaluation is from the US Census Bureau’s annual enterprise survey. To find out the areas with probably the most feminine enterprise house owners, the researchers calculated the share of companies owned by ladies. Within the occasion of a tie, the situation with a higher complete variety of women-owned companies was ranked higher. Solely the 100 largest metropolitan areas for which full knowledge had been out there had been included on this evaluation. All knowledge proven represents employer corporations solely; Firms with out workers usually are not included.

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