Springs ranks as 18th best city for female entrepreneurs

Published: February 21, 2014, 4:39 pm, by Wayne Heilman

Colorado Springs ranks as the 18th best city for entrepreneurs among the nation’s 50 largest cities, according to an analysis by NerdWallet, a 5-year-old personal finance online site based in San Francisco.

Washington, D.C., topped the list followed by San Francisco and Seattle in rankings that took into account the number of businesses per 100 residents, the percentage of businesses that are women-owned, the median earnings for female full-time workers, the percentage of residents 25 years or older with at least a bachelor’s degree and the city’s unemployment rate. Denver ranked seventh, while Baltimore ranked just ahead of the Springs and Albuquerque, N.M., ranked just behind Colorado Springs.

The Springs made the list largely because it ranked 1oth among the 50 largest cities for businesses per 100 residents at 10.9, 16th for the percentage of businesses that are women-owned at 31.5 percent and 16th for the percentage of residents 25 years or older with at least a bachelor’s degree at 35.7 percent. In the other two categories, Colorado Springs ranked 18th for median earnings of female full-time workers at $36,698 and 39th for the unemployment rate at 7.2 percent (December rate, not adjusted for seasonal changes).

Colorado Springs ranked 14th in the website’s 2013 ranking, which used slightly different criteria.