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Minnesota Ranks Fourth for Female Entrepreneurs, According to Fundera, Online Credit Matchmaker Co-founded by Jared Hecht ’09CC

Minnesota is the fourth-best place for women entrepreneurs, according to an annual study by Fundera, the online credit matchmaker for small businesses.

Meredith Wood, a Fundera vice president, said the state’s high score was based on relatively high educational achievement by women, which plays to economic success; a five-year average revenue growth rate of 32 percent per business; high levels of interaction with U.S. Small Business Administration programs, and a low overall unemployment rate of 4 percent.

Minnesota, however, lagged in that only 14.3 percent of state businesses are owned by women with paid employees, Fundera said.

Nationally, America is home to 11.3 million female-owned businesses that employ 9 million-plus workers, constituting more than a third of all American businesses.

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