The Top States For Female Entrepreneurs

According to Expert Market, the states with the most female-owned businesses are: Washington DC (34.5%), Maryland (32.6%), New Mexico (31.7%), Hawaii (31%), Georgia (30.9%).

There are more female entrepreneurs in America than ever. In fact the number of women-owned businesses has almost doubled from 5.4 million firms in 1997 to 9.1 million in 2014, according to new research from Expert Market. In 2014 female entrepreneurs pulled in $1.4 trillion in revenue, up from $819 billion in 1997. Still, the number of people these firms employ has hovered at around 7 million, suggesting most of these firms are small businesses.

“I think that successful role models can play a huge role in encouraging female founders - the more they see other females starting a company, the more they will consider this an option as well,” says Boris Wertz founding partner of Version One Ventures, whose portfolio includes female-led crowdfunding site, Indiegogo and makeup brand Julep.

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