RALEIGH – North Carolina’s capital is one of the top cities in the US for women to start a business, according to a new study.

The Raleigh metro area came in No. 18 based on data compiled by Business.org.

This is the latest report to highlight the Triangle region as a hub for women and business. In August, FitSmallBusiness.com ranked Raleigh as the No. 5 best city for female entrepreneurs.

Business.org graphic

The city scored well in the latest report in two key criteria:

  • Female unemployment is 5.1 percent
  • 24 percent of businesses in Raleigh are owned by women

Denver tops the list followed by Orlando and Austin, Texas.

Charlotte placed No. 30.

Cities were scored on a scale up to 100 based on the following four criteria:

  • Percentage of women-owned businesses: 40%
  • Number of new businesses per 100,000 people: 30%
  • Women-to-men pay difference: 20%
  • Unemployment rate for women: 10%

The full report can be read online.