If you’re a woman who’s looking to start a business, then Baltimore, MD is the place to be, according to secure file-sharing and collaboration expertsShareFile.
The ShareFile Businesswomen Power City Index ranked cities based on their suitability for women entrepreneurs, looking at the percentage of women-owned businesses, the number of executive roles held by women, the cost of living in each area and the wage gap between men and women by location.
Baltimore had the highest combination of all factors, with the highest women’s buying power score and the 10th highest percentage of women-owned businesses (23.3%). Baltimore was also in the top ten for number of women executives (31.3%) and ranked 26th for earnings when compared to men, with a wage gap of 18.2%.
The top 10 best cities for women to start a business are:
- Baltimore, MD
- Tampa, FL
- Washington, D.C.
- Las Vegas, NV
- Orlando, FL
- Sacramento, CA
- Minneapolis, MN
- Hartford, CT
- Miami, FL
- Providence, RI
Quote from ShareFile
Catherine Harrell, vice president of marketing at ShareFile, commented on the findings, “We are excited to share the best cities in the U.S. for Women Entrepreneurs, and we congratulate Baltimore for being at the top of the list. It’s a great city for women to not only start a business but to get the most for their money.
“Organizations like the award-winning National Association of Women Business Owners have a base in Baltimore, and have clearly made an impact on creating strong and innovative change in business culture for women—not just for the city, but also across the country.
“Figures show that the number of women owning businesses is increasing year over year, with a quarter of all businesses represented in our top 10 cities owned by women. It is our hope that our index will give businesswomen a good idea of where they can expect to have the best chances of success.”
For the ShareFile’s Businesswomen Power City Index full list, including tables and graphics, visit the ShareFile blog.
Notes for editors
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*Data was taken from four main sources, including the U.S. Census 2014 Annual Survey of Entrepreneurs, Sperling’s Best Places, Equal Employment Opportunities Commission and the 2017 Kauffman index.
Cities were then ranked by four key factors: the wages of women as a percentage of the wages of men for the area, the percentage of company executives who are women, the cost of living and the percentage of women-owned businesses.
ShareFile is a cloud-based file sharing and collaboration service that allows users to exchange documents of all sizes in an easy, professional and secure way. Users are able to send files via email, which can then be safely handled and transferred to third parties. This allows a collaboration space in which multiple accounts can have access to shared information online. With over 60,000 corporate clients and 17 million users worldwide, ShareFile aims to raise the bar for service in the technology industry.