The Boom of Women Entrepreneurs, in One Map

By Visual Capitalist


International Women’s Day has been celebrated for over a century – back then, women were still fighting for their right to vote. It is important to remember that much still needs to be achieved. But also that women are making great strides toward equality, on their own terms. Point in case: the business world. Take a look around any boardroom table, and you will see very few female faces. That is changing, and faster than many men – and women – realise.

As this map shows, women are conquering the business world at a rapid pace. Memphis is America’s number one boomtown for female entrepreneurs. Between 2007 and 2016, the number of women-owned businesses (WOBs) in Memphis rose from 31,454 to just under 70,000. That is a 122.2% increase, more than in any other metro area in the country. And Memphis is not the only city in which the number of WOBs more than doubled. Percentage-wise, Detroit just missed the top spot. But Motown’s gain is far bigger in absolute terms: between 2007 and 2016, Detroit added twice as many WOBs as the Memphis total for last year. Charlotte came in third, adding more than 45,000 WOBs.

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Source:: Affluent