3 Connecticut areas rank favorably for women-owned businesses - WFSB 3 Connecticut

3 Connecticut areas rank favorably for women-owned businesses

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Source: WalletHub
(MGN photo) (MGN photo)

Three Connecticut areas rank in the nation's top 40 when it comes to the best places for women-owned businesses.

The personal finance website WalletHub.com took a look at the top 100 largest metropolitan areas in the country and compared 10 key metrics.

Those metrics included the average revenue growth for women-owned businesses, presence of women's business centers and industry variety for women-own firms.

The New Haven-New Milford area ranked the highest in Connecticut at 20. Broken down further, its "female entrepreneurship" rank was 33 and its "business climate for women" rank was 22.

At 33 on the list was the Bridgeport-Stamford-Norwalk region. Its ranks for the same subjects were 46 and 22, respectively.

Also ranked was the Hartford-West Hartford-East Hartford area at 37. WalletHub had its subjects ranked 57 and 22.

All three areas did not have an "overall new-business friendliness rank."

The top place on the whole list was the Nashville-Davidson-Murfreesboro-Franklin area of Tennessee.

Last in the rankings, according to WalletHub, was the San Jose-Sunnyvale-Santa Clara region of California.

According an American Express report, there are more than 9.4 million women-owned businesses in the country. That accounts for nearly a third of all privately-held companies. They pull in annual revenues of $1.5 trillion and provide jobs to roughly $8 million workers.

To read more about the study, visit WalletHub's website here.

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