The number of female business owners in Louisville and Jefferson County has grown by more than 10 percentage points over the last 11 years and ranks second in the nation’s large metro areas, according to a study published Monday.
Louisville and Jefferson County ranked No. 2 for large metro cities in a study from Volusion that measured female business owners and pay gap across the country.
Large metro areas were classified as having more than 1 million people and the survey measured working civilians older than 16.
According to the study, in 2017 Louisville had 7,914 female business owners, making up 38% of Jefferson County’s business owners. That beats the percentage of female business owners nationwide by almost 7%.
“Compared to the other metros on this list, Louisville showed the largest 10-year change in the percentage of business owners who are women, boasting an 11.3 percentage point gain from 2007 to 2017,” the survey reports.
“However, the median earnings for full-time female business owners in Louisville is nearly $10,000 less than the national median.”
Women business owners in Louisville and Jefferson County are making an average of between $38,000 and $40,000, the study shows, and 58.7% as much as their male counterparts.
Louisville and Jefferson County come right after Tuscon, Arizona, where female business owners account for 38.2% of the business owners in the area and make 73.6% as much as their male counterparts.
There are still more female business owners in certain fields — “pink collar” fields — such as arts, education and retail.
Fields such as information technologies, wholesale trade, transportation and agriculture still have fewer women than the national average of female business owners.
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