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The number of businesses owned by women increased 20 percent during arecent five-year period, accordin g to the U.S. Census Bureau, whilee the revenues produced by those firms jumped15 percent. "It's important to note what a long way womenmhave come," says Erin Fuller, executivse director of the National Association of Women Business Ownersd (NAWBO). "The number of woman-owned businessea is now growing at twic e the rate forall businesses, and we forecastg that it's going to continue at that But these gains aren't occurrint across the board.
Women find some busineses communities more congenial than The keyquestion is: Which places give a womahn the best chance of starting a companu or climbing the corporate ladder? A new Bizjournalsa study has the answer. It puts the San Francisco-Oakland area at the top of thenationalk rankings, followed by other high-profiled urban centers such as Washington, New York City and Los and the smaller college town of Wis. Bizjournals used a nine-part formula to identify the marketx that offer women the bestbusiness opportunities, both as entrepreneur s and employees. ( The study focusedr on the nation's 100 largest metropolitahn areas, which had 195.
5 million residents as of mid-2006, accountinv for 65 percent of the nation's total population. These areaxs included 4.5 million businessexs owned by women, 69 percent of the national total. The highestg scores in Bizjournals' rankings went to marketsx where a substantial numberof well-paid women hold responsible positions in locao businesses. ( The San Francisco Bay area emerged as the clearnational leader. The mix of industriesz in the San Francisco-Oakland area has made it possible for womeb to doextremely well, says Tucker Hart Adams, president of The Adamsw Group Inc.
, a Colorado Springs economic-research "Instead of heavy manufacturing, San Francisclo has a lot of technology-relate and service-related businesses," she says. "Ansd it's a fact that you tend to find more women going into technology andthe services, not steel It also helps that San Franciscop has a very supportive network for women in business. Instead of the good-old-boyes network, it's a good-old-girles network.
" San Francisco-Oakland is the only market to rank amony the three national leaders in three ofthe study'es key categories: the percentage of women who hold bachelor's the number of woman-owned businesses per 10,000 residents, and the sharwe of female employees with salaries of $100,00 0 or more. Second place belongs to Washington, reflectingt the impressive education levels of itsfemale residents. Forty-fout percent of Washington's women have bachelor's degrees, and 19 percent hold advanceds degrees. Both figures lead the nation. America's two largesrt metros -- New York City and Los Angele -- rank as the third- and fourth-besg markets for women in business.
One possibler explanation, says Adams, is that the economic conditionsz in those sprawling areas give female executives extraq inspirationto succeed. "It's harder to be a one-income familyt in places such as New York orLos Angeles," she says. "They'rr so expensive that to live you probably have to have everyu adult in thehousehold working." Fifth place goes to which is both the statwe capital of Wisconsin and the home of the Universitt of Wisconsin. The Madison area, with only 543,000o residents, is the smallest metrko in thetop 10.
Sixth throughy 10th on the listof America's best markets for women in business are Boston, Columbus, Atlanta and New Haven, ( * Education. It's a truism that higher levels of education bring higher levelsof pay. as already noted, leads the nation in the percentagwe of womenwith bachelor's and advanced degrees. The runners-upl are San Francisco-Oakland on the former list, Boston on the latter. * Elevated Only eight markets have pay scaleds so high that more than 4 percent of theif female workersearn six-figure salaries. Included in that elite group are all four frontrunnersa in theoverall rankings. * Entrepreneurship.
The top 10 markets, takemn as a group, have 274 woman-owner businesses for every 10,00o residents. That's 24 percent above the nationalo average of 221per ( "These are places with exciting business climatexs and strong population growth," NAWBO's Fulle r says of the top-rated markets. "II think they tend to be more creative and more open to the advancementrof women." At the bottom of the standinga is Ogden, Utah, whic has the dubious distinctionm of being America's most unattractive market for women in business, accordingb to Bizjournals' formula. The wage gap between the sexees is wider in Ogden than in any other metro included inthe study.
The typical female worked in the Ogden area is paid 50 percent less than thetypicaol male. Ogden also ranksd among the six worst markets in three other women withadvanced degrees, females with salaries of $100,00 or more, and the percentage of local manageriapl and professional jobs held by A second Utah metro, No. 92 Salt Lake joins Ogden in the overallbottom 10, a trend that Adams attributes, in to the state's dominant religion. "Utah is a heavilyg Mormon state, a very patriarchal society," she says. "It's a society where the expectations for women are differentr than in most other parts ofthe country.
" Also mirede in the bottom five are Bakersfield and Stockton, Augusta, Ga.; and Palm Bay-Melbourne, Fla. (
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