These states offer the most benefits for women-owned businesses
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These states offer the most benefits for women-owned businesses
These states offer the most benefits for women-owned businesses
According to a Wells Fargo report, the best states for women-owned businesses are New York, North Carolina, and Georgia. Val Jones, Wells Fargo (WFC) Senior Lead Business Growth Strategy Consultant, joins Yahoo Finance Live to provide further details on the data. Jones states the top states stand out due to what they offer women entrepreneurs: “What we see as a difference maker are special programs, grants, and incentives." Jones notes targeted assistance and education for young women as a means to foster growth. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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These states offer the most benefits for women-owned businesses
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According to a Wells Fargo report, the best states for women-owned businesses are New York, North Carolina, and Georgia. Val Jones, Wells Fargo (WFC) Senior Lead Business Growth Strategy Consultant, joins Yahoo Finance Live to provide further details on the data.
Jones states the top states stand out due to what they offer women entrepreneurs: “What we see as a difference maker are special programs, grants, and incentives." Jones notes targeted assistance and education for young women as a means to foster growth.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Video Transcript
JULIE HYMAN: Women-owned businesses represent more than 41% of the nation's total. That's according to the US Census Bureau. However, the impact of women owned businesses diverged significantly across the US. Some states show these enterprises flourish, other states still have room for improvement.
Here with more on key drivers to foster growth for women-owned businesses, we got Wells Fargo senior lead business growth strategy consultant Val Jones. Val, you guys just came out with a list of the states that are best and worst for women-owned businesses. And I see at the top of the list here, we've got New York, North Carolina, Georgia, whereas at the bottom, Wyoming, Nebraska, Alaska. What differentiates them? What makes a state good for a woman in business and what makes it not good?
VAL JONES: Yeah. Great. Well, thanks so much for having me here. Happy to talk about our findings from the report. I would say the common denominator for the top states is, first of all, a economically sound foundation. These are states where there's typically a lot of growth. There's a lot of support for businesses. And we see that as a foundation.
But in terms of women-owned business, what we do see is a difference maker are special programs, grants, and incentives for businesses to support women-owned businesses in these areas. And we found that, especially through the COVID pandemic and as we are in this phase of COVID pandemic, that was really the difference maker.
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