Thumbtack: LA #7 For Women Entrepreneurs

NEW ORLEANS – Employment website Thumbtack determined Louisiana is the #7 Best State in America for women to start a business, and ranked #2 for participants positively answering, “Does local government do enough to support small businesses owned and operated by women.”

 

         To get their rankings, Thumbtack analysts studied their proprietary marketplace data to determine the places where women are most optimistic about their prospects (i.e., where they’re happiest running a business), surveying 20,557 women from January to June 2016 who own small businesses on Thumbtack.

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         Thumbtack’s Top 10 Best States for Women Entrepreneurs are:

 

1 – Mississippi

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2 – Georgia

3 –Virginia

4 – Kentucky

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5 – Tennessee

6 – Alabama

7 – Louisiana

8 – Missouri

9 – Michigan

10 – Utah

 

         According to Thumbtack:

         Across the United States, women are taking the lead in business ownership. At last count, women owned more than 9 million businesses nationwide. In fact, recent data from SCORE shows that women-owned businesses are growing 1.5 times faster than the national average, and the trend particularly benefits female business owners of color: a National Women’s Business Council study found that Hispanic and black women are dramatically outpacing their Asian and white counterparts in business ownership.

         On Thumbtack, 200,000 skilled professionals offer 1,100 types of services and women represent 40 percent of small business owners, on par with U.S. Census Bureau data. What’s more, a majority of women are in it for the long term, with 64 percent reporting that their businesses represent their primary employment — not a side job to make extra money. 

         So what are the best places for women to start a business in the U.S. today? What we found was surprising: Seven of the top 10 cities for women to start a business are in the South including Tulsa, Oklahoma, Chattanooga, Tennessee and Birmingham, Alabama.

         Female business owners in southern states are the most optimistic and the most likely to find their governments supportive. Women in western states like Utah, Colorado, and Oregon also said their governments do enough to help them succeed.

         We also saw good news for women on the issue of the gender pay gap. Overall the trend is that women make on par or more than their male counterparts.

         Interestingly, however, Thumbtack data shows that women tend to be less optimistic than their male counterparts about their own business prospects and the future of the American economy in general. In a time when traditional employment is shifting radically and women are the fastest-growing category of business owners, their perspectives matter more than ever. 

         On Thumbtack, women are most likely to operate in skilled professions that draw heavily from creative and interpersonal skills, working in fields like photography, personal training, and catering, while in the broader economy, women are found most often in fields such as healthcare, social assistance, and education.

         Read the full report here

 

 

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