Crain’s New York Business: “Number of startups led by women rising”

Entrepreneurship among women in New York is on an upswing. Lubin Professor Bruce Bachenheimer, director of entrepreneurship, comments.

According to recent statistics from American Express Open, the number of women-owned startups in the state rose 58% between 1997 and 2010, versus 50% nationally.  New York ranks among the Top 10 states for women entrepreneurs.

The trend holds in the five boroughs, which could very well account for the lion’s share of the state’s female entrepreneurial activity, according to observers.

“The increased startup activity in New York state most likely is because of an increase in women-owned startups in New York City,” said Bruce Bachenheimer, director of entrepreneurship and clinical professor of management at Pace University.