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Posted on: March 24, 2016

Kansas City ranked 7th for Women-Owned Business

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”

“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’.

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