Boulder is the No. 1 metro area for women in business with 4.42 businesses per 100 residents owned by a woman -– more than any other city in the U.S., according to an analysis by NerdWallet and a new report from public relations and digital communications firm Version 2.0 Communications.
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In fact, women-led businesses are cropping up across Colorado cities. Denver and Fort Collins also rank among the top 10 metros for women, ranking as Nos. 3 and 7 respectively. All have above-average levels of women’s entrepreneurship and small-business loan rates, the report says.
Colorado exceeds the nation for women that are self-employed with about 9.9 percent compared to 7.2 percent in the U.S. as a whole.
The number of women-owned businesses in the Denver area has climbed 39.3 percent since 1997, reaching a total of 94,900. Each day in Denver, more than 608 net new women-owned firms on average launch. That rate over the past year stands at 887 per day—or 1.5 times the national average, according to the fifth annual State of Women-Owned Business Report commissioned by American Express OPEN.
Other key findings include:
- Colorado ranked fifth in the nation for the percentage of employed women in Science, Technology, Engineering and Math (STEM) occupations, at 6.1 percent. This is above the national average of 4.6 percent.
- 30.6 percent of female-owned businesses were in the professional, scientific and technical services industry. Women-owned firms made up 17.8 percent of this industry.
- Colorado has the highest percentage of women with a Bachelor’s degree or higher at 23.9 percent
- If Colorado women’s earning were comparable with men’s, the poverty rate for all working women would be cut in half and the state economy would grow by an additional $9.2 billion
In Boulder, women-owned businesses include Bobo's Oat Bars, The Cain Travel Group Inc., Healthy Headie, Purely Elizabeth, Housing Helpers, North Boulder Physical Therapy, Insight Designs Web Solution LLC and EarthVisionz, LLC.
Version 2 Communications is a public relations and digital communications agency that helps disruptors develop communications to create or lead markets.
NerdWallet offers financial information to help consumers navigate financial decisions.
To read the full story and see the infographic visit https://www.v2comms.com/news-post/women-mean-business-version-2-0s-latest-infographic-closes-colorado/
For the NerdWallet analysis, visit https://www.nerdwallet.com/blog/small-business/women-entrepreneurs-small-business-loans/
RE/MAX of Boulder Realtor Lisa Wade served as past President of the Boulder Area Realtors Association and is currently the Northeast District Chair for the Colorado Association of Realtors. She has either served on Boards or volunteered at 20 nonprofit organizations for a host of charitable causes throughout the community for the past two decades. Many of these organizations empower and benefit women including 100+ Women Who Care, Dining for Women, and Susan G. Komen Race for the Cure.