KS Dept. of Commerce

KANSAS CITY–The Kansas City Metropolitan Area was recently named the seventh best out of the 100 largest metropolitan areas in the nation for women-owned business by WalletHub, an online financial planning site.

WalletHub analysts compared the 100 largest metropolitan statistical areas across three key dimensions: Overall New Business Friendliness, Female Entrepreneurship, and Business Climate for Women. Then WalletHub compiled 10 relevant metrics across those three dimensions that would indicate support toward women-owned businesses. These metrics include:

· Overall New Business Friendliness
· Percentage of Women-Owned Businesses
· Average Percentage Growth of Women-Owned Businesses
· Percentage of Employees in Women-Owned Businesses
· Average Revenue of Women-Owned Businesses
· Average Revenue Growth of Women-Owned Businesses
· Industry Variety for Women-Owned Firms
· Presence of Small Business Administration’s Women’s Business Centers
· WalletHub “Working Moms”
· WalletHub “Gender Inequality”

Here are the top ten:

Nashville, Tenn.
Chattanooga, Tenn.
Columbus, Ohio
Memphis, Tenn.
Milwaukee, Wis.
Rochester, N.Y.
Kansas City, Mo.
Spokane, Wash.
Greensboro, N.C.
Honolulu, Hawaii

“It is a true testament to our business climate in Kansas that Kansas City has been placed in such a prominent spot on this list,” said Kansas Commerce Secretary Antonio Soave. “In Kansas we support all types of businesses and look forward to bringing even more women-owned businesses to the rest of the state of Kansas as well.”

Kansas City, KS-MO also ranked 14th out of the 100 largest metropolitan areas in the nation for ‘female entrepreneurs’.