In the last two decades, female entrepreneurs have emerged as leaders of small business growth in the U.S. According to a 2017 report by American Express OPEN, over the last 20 years, the number of businesses owned by women increased 114%, and revenues of women-owned businesses grew 103%.
Mom entrepreneurs are playing a significant part in this surge. With Mother’s Day 2018 fast approaching, it seems fitting to explore this specific subset of entrepreneurs in more detail. A new study published by GOBankingRates does precisely this, its goal being to determine the best and worst places in the U.S. for mom entrepreneurs.
The study analyzed cities based on key factors such as the percentage of the workforce who are female entrepreneurs, the rate of new entrepreneurs, the number of startups, the survival rate of startups and the average annual cost of child care. With all these factors combined, GOBankingrates determined the best and worst cities for mompreneurs to start a business.
