The U.S. is home to more than 11.3 million female-owned businesses which employed around nine million people but according to a report by fitsmallbusiness.com Connecticut has not been a hospitable home for female entrepreneurs. The small business website ranked Connecticut 48th among all US States for "desirability for female business owners."
The report says “ver the last nine years, the number of female generated over $1.9 trillion in 2016, -owned businesses has grown five times faster than the national average.”
Using data from the United States Census Bureau, Womenable, and American Express the website then analyzed the data for each state to put together a “definitive ranking of the best states for female entrepreneurs.”
Six data points were identified to rank the “state’s desirability for female business owners.”:
Percentage of women-owned firms out of total businesses in a state
Percentage of a state’s business revenues coming from women-owned firms
Women economic clout in each state
Trend in net number of women-owned firms per day
Percentage of women-owned firms with paid employees
Percentage of employees in the state that are working in women-owned firms
The top five states, were Georgia, Florida, Maryland, California, and Colorado. No New England state cracked the top ten but New York was ranked at number seven.