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 experts ShareFile.
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
*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.
For the ShareFile’s Businesswomen Power City Index full list, including tables and graphics, visit the ShareFile dropbox link
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.