Mpls Named 4th-Best U.S. City For Female Entrepreneurs
Minneapolis is among the nation’s best cities for female entrepreneurship, according to a recent ranking from Intuit, Inc., a provider of financial and tax preparation software.
Minneapolis ranked fourth on Intuit’s list of “The Top Cities for Female Entrepreneurs.” To compile its list, Intuit evaluated 48 of the most populated U.S. cities.
Intuit selected the 10 cities that best represented female entrepreneurship based on several factors. Intuit used data from Forbes magazine and NerdWallet.com and factored in each cities’ median education levels, unemployment rates, income per capita, population, and percentage of women-owned businesses. Intuit then generated a score based on that data. Click here to see Intuit’s full methodology.
Minneapolis ranked fourth with a score of 51.8. Minneapolis had 10.4 businesses per 100 residents, and women own 32.1 percent of them, according to Intuit. The list also indicated that 44.7 percent of Minneapolis’ population has bachelor’s degrees.
San Francisco ranked first with a score of 63.4. Seattle came in second with a score of 63, and Washington, D.C., came in third with a score of 58. With a score of 50.6, Portland, Oregon, followed Minneapolis to round out the top five. Click here to see Intuit’s full list of the 10 best cities for female entrepreneurs.
Minneapolis also recently appeared on Forbes magazine’s “Best Cities for Female Founders.” Forbes ranked Minneapolis 12th on the list and reported a 17.3 percent growth in women-owned firms from 1997 to 2012. Two Minnesota-based companies, Innovative Office Solutions, LLC, and eCapital Advisors, LLC, also made a list of the 50 fastest-growing, women-led or owned companies, produced by The Women Presidents’ Organization.
In April, Twin Cities Business explored the prevalence of women executives at Minnesota companies as well as what’s needed for women to advance their careers. Click here to read more.