The study, which was funded by Capital One, has many interesting findings. Here are a few:
- Of the nation’s 25 most populous cities, Memphis had the fastest growth in women-owned businesses between 2007 and 2012, the most recent year for which data from the U.S. Economic Census is available. The number of women-owned businesses in Memphis increased by 116 percent.
- Fort Worth had the second highest five-year growth rate, with women-owned firms growing by 78 percent, followed by Atlanta (65 percent), Houston (62 percent) and Dallas (58 percent).
- Of the 25 largest cities, Dallas ranks first in revenues per women-owned business, with $198,599 in average sales. San Antonio was second, with $191,223 in average sales, followed Fort Worth ($186,435), Houston ($181,122), and San Francisco ($175,766).
We're happy to see that women are making serious moves in business. Of course, we have to do more to make sure that the women of this nation see equality in terms of access to capital and resources.
To learn more about the study and go in depth with the data, you may visit the website here: https://nycfuture.org/data/info/breaking-through-women-owned-businesses-in-the-nations-25-largest-cities