If you're a female entrepreneur in San Antonio, you’re in the right place. According to a new report from WalletHub, the Alamo City ranks in the top 25 cities in America for women-owned businesses.
To help women find the best places to launch their enterprises, the financial website compared the 100 largest metropolitan areas across 10 key metrics. Taking a look at everything from the average revenue growth of women-owned businesses to industry variety for women-owned firms, San Antonio places as the No. 21 best city in the U.S. — and the only Texas city in the top 25.
San Antonio ranks No. 1 overall in the female entrepreneurship category. Key findings include that almost 22 percent of businesses in San Antonio are women-owned, and these businesses experience a whopping 43 percent average revenue growth. In addition, the average revenue of women-owned businesses in San Antonio is over $1.6 million.
Looks like you may want to head to Tennessee if you’re a woman starting a business. Nashville, Chattanooga, and Memphis rank Nos. 1, 2, and 4. Columbus, Ohio and Milwaukee round out the top five. Cities to avoid? Greenville, South Carolina; Ventura, California; and San Jose, California rank in the bottom three for women-owned businesses.
Want more great stories like these delivered to your inbox daily? Then sign up for our emails.