Vermont ranked as #5 female founder hotspot, 203K women self-employed

Vermont Business Journal Vermont ranks fifth in the nation for the number of women starting businesses, according to recruiting firm Lensa. The data on the rate of female entrepreneurship in the last decade shows an overall increase in self-employed women. Over the past 10 years, about 203,000 new women are self-employed, accounting for 41.64% of the total self-employed workforce in 2020.

Lensa experts analyzed the data to determine how many women are starting businesses, how women have grown in business, and which states are hot spots for female entrepreneurs.

5 important points of the female founder of America

rank

Government

Total

male

female

Female (%)

1

Maine

227

167

60

26.43%

2

montana

202

156

46

22.77%

3

West Virginia

49

38

11

22.45%

4

New Mexico

235

183

52

22.13%

5

Vermont

162

127

35

21.60%

  • In first place is Maine, known for its maritime history and natural areas such as Acadia National Park. As of November 2022, there are 227 company founders in Maine, 26.43% of whom are women, the highest rate among US states.

  • The second is Montana, which includes part of the Rocky Mountains, the Great Plains, and Glacier National Park. As of November 2022, there were 202 company founders in the state, 46 of whom were women. While this number seems small, it makes up almost a quarter of the total, which is 22.77%.

  • West Virginia, amid the tree-covered Appalachian Mountains, ranks as the third hot spot for female founders. By 2022, there are only 49 company founders in the state. Female founders account for 22.45% of this number.

  • In fourth place is New Mexico, which shares parts of the Rocky Mountains. New Mexico registered 235 corporate founders by 2022. Of those founders, 22.13 percent were women, making it one of the best states for female entrepreneurship.

  • And in fifth place we have Vermont, known for its natural forest scenery. By 2022, there were 162 company founders. Of these founders, 127 were men and 35 were women, the latter accounting for a total of 21.6% of the total.

The state of women’s entrepreneurship in the United States

Despite the great strides women have made in entrepreneurship in recent years, there is still a fairly wide gap between male and female founders. And with so many industries to choose from, it’s hard to see where you might thrive. But, with the help of our job search engine, we can use labor market data to see which roles would best complement your skills.

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According to Gasteau’s survey, about half of the startups in the United States during 2021 were founded by women, a huge increase from the 28 percent they reported in 2019.

We analyzed state data from the Bureau of Labor Statistics to determine how many women are starting businesses, how women have grown in business, and which states are hot spots for female entrepreneurs.

Number of self-employed women in the United States over the past 10 years

Total number of self-employed women in 2011: 3,341,000 Total number of self-employed women in 2020: 3,544,000 Number of new self-employed women in the last 10 years: 203,000

Over the past ten years, there have been large fluctuations in the numbers of self-employed women in the United States. In 2011, there were approximately 3.34 million self-employed women in the United States, making up 5.1% of the total female workforce. By comparison, there were 5.26 million self-employed men in the same year, making up 7.2% of the male workforce. In 2011, the general breakdown was like this. Men make up 61.2% and women make up 38.8% of the total self-employed workforce.

In 2016, as in every year between 2011-2020, there was a slight change in these figures. Data from the Bureau of Labor Statistics shows that in 2016, there were about 3.38 million self-employed women in the United States, making up 38.7 percent of the total self-employed workforce, a slight decrease from 2011 figures. On the other hand, there were 5.36 million self-employed men, accounting for 61.3% of the total self-employed workforce in 2016.

Recently, in 2020, a significant change was observed in the figures and distribution of male and female self-employed workers. Data from the Bureau of Labor Statistics shows that in 2020, there were 3.54 million self-employed women, making up 41.6 percent of the self-employed workforce in the United States, a 3 percent increase from 2016. And for men, the number was 3 percent. % decreased, accounting for 58.4% of the total US self-employed workforce.

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Over the past 10 years, between 2011 and 2020, there has been an increase of 203,000 self-employed women in the United States. In fact, from 2018 to 2020, there has been a steady increase in self-employment figures for women, while the opposite is true for men.

The growth of women’s business in the United States over the past 10 years

10-year difference of self-employed women: 6.08 percent

Over the past ten years, between 2011 and 2020, the United States has seen a mix of decline and growth in self-employed female workers. The biggest increase in the last ten years is related to 2017, when the number of self-employed women increased by 1.89% compared to the previous year.

This growth in 2017 will indicate prosperous years ahead for self-employed women. A much-needed change compared to previous years, as from 2014 to 2016 we saw a steady decline in self-employed women.

After a brief decline in 2018, it will recover greatly two years later. In 2019 and 2020, we saw 0.79 and 1.5 percent growth in women in the self-employed workforce, respectively. And overall, the ten-year difference in self-employed women is 6.08% as an increase, which may indicate progress, even if gradual.

Important points of America’s female founder

  1. Maine

Male founders: 167 | Female founders: 60 | Number of founders: 227

Percentage of female founders: 26.43 percent

Maine is a state in the New England region of the United States known for its maritime history and natural areas such as Acadia National Park. As of November 2022, there are 227 company founders in Maine, 26.43% of whom are women, the highest rate among US states.

  1. montana

Male founders: 156 | Female founders: 46 | Number of founders: 202

Percentage of female founders: 22.77 percent

Montana is a western state that includes parts of the Rocky Mountains, the Great Plains, and Glacier National Park. As of November 2022, there were 202 company founders in the state, 46 of whom were women, according to Crunchbase. While this number seems small, it makes up almost a quarter of the total, which is 22.77%.

  1. West Virginia
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Male founders: 38 | Female founders: 11 | Number of founders: 49

Percentage of female founders: 22.45%

West Virginia, located in the eastern United States amid the tree-covered Appalachian Mountains, ranks as the third hot spot for female founders. By 2022, there are only 49 company founders in the state. Female founders account for 22.45% of this number.

  1. New Mexico

Male founders: 183 | Female founders: 52 | Number of founders: 235

Percentage of female founders: 22.13 percent

New Mexico is a southern state that shares a border with Texas and parts of the Rocky Mountains. New Mexico registered 235 corporate founders by 2022. Of those founders, 22.13 percent were women, making it one of the best states for female entrepreneurship.

  1. Vermont

Male founders: 127 | Female founders: 35 | Number of founders: 162

Percentage of female founders: 21.60 percent

Another New England state, we have Vermont, known for its natural forest scenery. As of 2022, there have been 162 company founders, according to Crunchbase. Of these founders, 127 were men and 35 were women, the latter accounting for a total of 21.6% of the total.

Methodology

To obtain the number of self-employed persons in the United States, we used Table 32 of the Bureau of Statistics on Women in the Labor Force Information Bulletin. In this case, we focused on the last ten years of available data, from 2011-2020. We calculated the increase in self-employed women to get an idea of ​​the number of new female businesses founded by women. Then we were able to calculate the year-by-year growth of women in self-employment and then calculate the overall 10-year growth.

Next, we used Crunchbase, filtering by gender, location, and job title—in this case, we used “Founder” for the job title. We then filtered by state to get the total number of founders, then filtered by male and female for each state. Finally, we calculated the number of female founders as a percentage of the total to rank each state. These figures are taken from Crunchbase on November 9, 2022.

lens. San Francisco, California, December 2022.

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