CHICAGO — Indiana is considered the fourth best state for women who want to start their own business, according to a survey released by Groupon on Thursday.
Texas ranked number one on the list, with Illinois coming in second and Michigan third.
The survey inquired on factors such as:
- Barriers to entry
- Economic conditions
- Small business resources
October is National Women's Small Business Month, as created by the Small Business Administration. It was designed to celebrate the contributions of women-owned businesses.
Fifty-six percent of women business owners reported that they had overcome greater obstacles than their male counterparts. Challenges included balancing business and family, struggling to be taken seriously, defying social norms, gaining access to capital, and more.
According to Groupon, women small business owners were split on President Donald Trump's administration's impact on small businesses. Thirty-two percent said the administration had a positive impact, and 31 percent said it had a negative one.
Nearly 13 million women-owned businesses in the United States support over 9 million jobs and generating $1.9 million in revenue, according to a 2019 report from American Express.