Forbes Names Houston a Top City for Female Founders
Houston is the second-best city nationwide for female founders, a new Forbes analysis shows.
Forbes created the list of the top 15 cities for women to launch their own businesses using the most populous markets on its Best Places for Businesses and Careers list. Forbes then evaluated those cities using metrics from AMEX Open and the Small Business Administration.
Between 1997 and 2012, women-owned businesses in Houston increased 42.2 percent to 167,300. Those companies made $35 million in revenue in 2012.
In Houston, $30,748 is the median figure for women's annual earnings, and $31.2 million in SBA-approved loans went to women between 2011 and 2012.
Data from the AMEX Open 2012 State of Women-Owned Business Report shows Texas is the top fastest-growing state for female-led firms. Georgia, Nevada, North Carolina and Mississippi make up the rest of the top five.
New York was the No. 1 city on Forbes' list. Dallas ranked No. 3, and San Antonio came in at No. 15. Between Houston, Dallas and San Antonio, women-owned firms pull in $87 million in annual revenue.
Source: Houston Business Journal