Texas ranked No.1 state for women entrepreneurs

The world of startup businesses is changing.

Twenty-three percent of entrepreneurs seeking angel investing were female in 2018, according to FitSmallBusiness.com. That number is up 19 percent from 2014.

But, the report says female entrepreneurs are still facing challenges compared to their male counterparts. Women who apply for business loans received about 45 percent less capital than men.

FitSmallBusiness.com says where women start their new business may be just as important to its survival as the type of business.

The website ranked each state in order of which are best for female entrepreneurs and Texas tops the list. Texas jumped from eighth place in last year's list to the top spot and Georgia moved from No. 1 to No. 10.

The top ten list is as follows:

1. Texas

1. Ohio

1. Minnesota

1. Washington

1. Alabama

1. North Carolina

1. Massachusetts

1. North Dakota

1. Wisconsin

1. Georgia

FitSmallBusiness looked at the general business climate, the outlook for women in business, the economic and financial health and livability for women in each state to come up with the list.

For the full list of rankings, click here.

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