10 Aug '12, 9am

Female Entrepreneurs Have it Good in the South, Says Study

Female Entrepreneurs Have it Good in the South, Says Study

What is it about the South that makes it ripe for eager entrepreneurs and higher growth rates for female-owned businesses? Two common threads appear to be lower cost of living and lower cost associated with starting a business in comparison with more expensive metropolises like New York, Boston or San Francisco, which are typically seen as go-to entrepreneurial hubs. Lower living and start-up costs mean lower risk when venturing out on one’s own. So it makes sense that because women also have less access to and more difficulty obtaining capital, that more affordable Southern cities like New Orleans, Austin or Durham, which offer a high quality of life, would make the short list for female entrepreneurs. According to the Center for Women’s Business Research , women average four attempts to obtain bank loans or lines of credit and 22 attempts to obtain equity capital.

Full article: http://www.triplepundit.com/2012/08/female-entrepreneurs-...

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