The data used in this analysis is from the most recent U.S. Census Bureau Annual Survey of Entrepreneurs (ASE), accessed in February of 2019. The ASE includes employer businesses with receipts of $1,000 or more. It does not include firms in the following industries: Crop and Animal Production; Rail Transportation; Postal Service; Monetary Authorities-Central Bank; Funds, Trusts, and Other Financial Vehicles; Religious, Grantmaking, Civic, Professional, and Similar Organizations; Public Administration; Private Households. The ASE only collects data at the national level, for U.S. states, and for the 50 most populous MSAs.

For the purpose of this analysis, the term “startup” is defined as any firm with less than two years in business. Business ownership is defined as having 51 percent or more of the stock or equity in the business. Equally male-/female-owned firms are not included in the female-owned firm counts. This analysis excludes what the Census defines as “Unclassifiable” firms, which include publicly held, foreign-owned, and not for profits.

Each of the MSAs are ranked by the percentage of startups that are female-owned. Employment and sales/receipts data is provided directly by the ASE. The most active industry for female-owned startups is the industry in each metro with the greatest number of female-owned startup firms.

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