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U.S. Ranked Top Nation For Female Entrepreneurs

While many entrepreneurs may see it fit to move abroad for the good of their businesses, it appears that for American female CEOs-in-the-making, there's no place like home.

At its fourth annual women entrepreneurship summit last week, Dell ranked the U.S. as the no. 1 nation for businesswomen in a global-index that measured 30 indicators for 17 nations, as the tech-company tried to raise awareness on an issue it feels is crucial for all nations.

“Unleashing the power of female entrepreneurship can have a dramatic effect on a country's economy,” Dell CMO Karen Quintos said in a press release. “The research clearly supports the assertion that key things need to be fixed in order for female entrepreneurship to survive and flourish. Increased access to knowledge, networks, capital and technology are critical if countries are to empower female entrepreneurship and create a culture of success.”

While Quintos suggests that the task of improving the entrepreneurial picture for women is a work in progress, figures suggest that businesswomen are experiencing vast success in the land of the free, according to a Forbes report that cited the AMEX OPEN State of Women-Owned Business Report.

“Between 1997 and 2013, when the number of businesses in the United States increased by 41%, the number of women-owned firms increased by 59%,” Forbes writer Meghan Casserly said. “It's currently estimated that the 8.6 million women-led firms in the country generate more than $1.3 trillion in revenues.”

Meanwhile, the rate of female managers in the nation is at 43 percent. The index did reveal worrying figures for other nations, however, such as only 2 percent of Moroccan female entrepreneurs considered to be “highly educated” and only 7 percent of Egyptian women found to have bank accounts.

Rounding out the top five in the index that measured access to finance, education and economic development, among other criteria, were Australia, Germany, France and Mexico in order. Uganda placed last at no. 17.

Via Forbes, Photo via HBO 

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Joseph Milord

Editor

Joseph is a Senior Writer, Editor and early member of the Elite Daily team. He studied Journalism and Media Studies at Rutgers University and will probably call Jersey home forever.
Joseph is a Senior Writer, Editor and early member of the Elite Daily team. He studied Journalism and Media Studies at Rutgers University and will probably call Jersey home forever.

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