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Tampa Bay ranks as best city in US for women to start a business

Local News
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America is home to more than 11.6 million women-owned businesses, but Tampa Bay is the best place in the country for them. 

According to Business.org, about 35 percent of businesses in the U.S. are women-owned.

From employment rates to equal pay, Tampa Bay ranked as the No. 1 city for women entrepreneurs.

Silicon Valley was the runner-up on the list followed by Seattle.

A few other Sunshine State towns also made the top 10 list.

Orlando claimed the fourth slot and Miami just snuck in grabbing No. 10. 

Five key factors were used to determine which cities provide the best environment for women entrepreneurs.

They include the percentage of women-owned businesses, the number of new businesses per 100,000 people, women-to-men pay difference, the unemployment rate for women, and the number of National Association of Women Business Owners (NAWBO) chapters.

Interestingly, Florida ranks on both the best and the worst lists for the number of start-ups.

The Miami and Palm Bay areas sit only two and a half hours away from each other but are on the opposite sides of the start-up creation spectrum. 

>> MORE TAMPA BAY HOT SPOTS

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