Hartford ranks fourth in the nation among metropolitan areas with the most female entrepreneurs, according to a new analysis of Census data.
The Hartford, West Hartford, East Hartford metropolitan statistical area ranks behind only St. Louis, Austin, Texas; and Providence in the percentage of female-owned startups.
According to the ranking, the Hartford area has 498 startups that are owned by women, with 3,547 employees.
About 31 percent of startups were owned by women, according to an analysis by Seek Business Capital, a Los Angeles financial firm that makes loans to small businesses. While startups owned by women are increasing, just 24.5 percent of new startups are owned by females, according to the Census Bureau’s Annual Survey of Entrepreneurs. Women own approximately 20 percent of all businesses nationwide.
Here are the top 10 metro areas for female-owned startups:
10. Baltimore: 28.3 percent of startups owned by women.
9. Salt Lake City: 28.6 percent of startups owned by women.
8. Washington, D.C.: 29 percent of startups owned by women.
7. Kansas City: 29.1 percent of startups owned by women.
6. Indianapolis: 29.7 percent of startups owned by women.
5. San Diego: 30.5 percent of startups owned by women.
4. Hartford: 30.8 percent of startups owned by women.
3. Providence: 30.9 percent of startups owned by women.
2. Austin, Texas: 32.7 percent of startups owned by women.
1. St. Louis: 45.2 percent of startups owned by women.
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