North Carolina ranks as the second-best state for women-owned business

In a new report sponsored by Wells Fargo, North Carolina is ranked as the second best state in the nation for women-owned business. The data looks at economic clout and ranks the combined growth in the number of firms and employment and average shares in firms, employment, and revenue of women-owned businesses from 2019 to 2023.

According to the study, "North Carolina provides various services, including access to financing, training, and marketing support. The state shows a solid upward trend in the growth of firms. Its employment and revenue share rank it in the top 10 women-owned businesses, significantly contributing to North Carolina's economy."

New York claimed the top spot, followed by North Carolina, which leads the southeast region. It’s followed by Georgia, Florida, and California rounding out the top five.

This study is part of a series of demographic backgrounders from the inaugural 2023 Wells Fargo Impact of Women-Owned Businesses that are being shared prior to the full release of the report in late November. Click here to learn more about the report and its methodology.

‍

The report was produced by:

Ventureneer helps define and eliminate challenges face by underrepresented entrepreneurs through research, training, and content.
‍CoreWoman is an innovation lab working to close gender gaps and promote equality, diversity, and inclusion.
The WIPP Education Institute is a national organization on a mission to accelerate the capacity and economic growth of women-owned businesses

‍

Media Relations Contact:

Maria Satira
Director of Marketing and Communications
Greenville Eastern North Carolina Alliance
satira@encalliance.com
‍252-414-2875

‍