NerdWallet considers economic and educational environment for businesswomen
San Francisco, CA (February 19, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the best cities for female entrepreneurs in the United States – and Portland is in the top 10.
Since 1997, the number of women-owned businesses has grown by nearly 60 percent. As this number continues to rise, NerdWallet wanted to help aspiring businesswomen by taking a look at the cities where female entrepreneurship is thriving. NerdWallet based its rankings on the following criteria:
- Businesses per 100 residents
- Percentage of businesses that are women-owned
- Median earnings for female full-time workers
- Percentage of residents ages 25 and older with at least a bachelor’s degree
- Unemployment rate
NerdWallet ranked Portland as the fifth best city in the country for female entrepreneurs. The city has 11.9 businesses for every 100 residents, 31.9 percent of which are owned by women. Median earnings for full-time female workers in Portland are $41,728.
“Portland is a great place for female entrepreneurs. Of cities listed in the top 10, only Seattle and San Francisco have more businesses per 100 residents than Portland” said NerdWallet analyst Sreekar Jasthi. “Local organizations such as Portland Female Executives and Women Entrepreneurs of Oregon provide support and mentorship.”
Other cities that made the cut include Minneapolis, Austin, and New York. Read the full study online.
For more information about NerdWallet, visit www.nerdwallet.com.
NerdWallet is a consumer-friendly financial literacy website that helps consumers make better financial decisions and save money on CD rates, checking accounts, credit cards and more. NerdWallet has been featured in The New York Times, Wall Street Journal and Reuters; our products have been recommended by consumer advocates Liz Weston, Clark Howard and Consumer Action.