A new report reveals what it takes to level the playing field for women entrepreneurs around the world.
By: Lisa Rabasca Roepe
New York City ranks first overall among the top 25 cities for women entrepreneurs, ahead of San Francisco, Seattle, and Austin, according to the Dell Women Entrepreneur Cities Index (WE Cities), released at the White House’s Global Entrepreneurship Summit.
The report measures a city’s ability to attract and support high-potential women entrepreneurs who want to grow their business. Research for the report began with an April 2016 symposium chaired by David Ricketts, a fellow at the Technology and Entrepreneurship Center at Harvard. The symposium brought together 40 global thought leaders, women entrepreneurs, academics, and media to discuss whether access to markets, capital, talent, and technology are the four major factors affecting the ability for women-owned businesses to grow, Ricketts says. During the symposium, he says, the group decided to add a fifth factor—culture—which measures the prevalence of mentors, networks, and role models as well as public polices that enable women to assume leadership positions and achieve success.
Based on the research symposium, IHS, an economic forecasting and consulting firm, developed the metrics that produced the final rankings.
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