American female entrepreneurs are a happy bunch, and among the most content and active compared to 24 other developed economies, according to a new global report released earlier Wednesday.
The data from Babson College, which focuses on entrepreneurship, also found more female entrepreneurs are growing ventures with intentions to create U.S. jobs. About 36 percent of women in 2013 wanted to grow their businesses by more than six employees in the next five years. That's up from 31 percent in 2012.
Last year, one out of every 10 U.S. women were starting or running a new business. "We're beating Asia and Europe," said Donna J. Kelley, associate professor of entrepreneurship at Babson College, located outside Boston. She led the 2013 Global Entrepreneurship Monitor U.S. report.
But just as the broader American economy is experiencing a rebound, pockets of weakness persist.
For both men and women, rates of businesses launched out of necessity—a group sometimes referred to as necessity entrepreneurship—are higher than before the 2008 recession, according to the report. This group starts their own businesses because they often cannot find other work. California had the highest rate of necessity-driven entrepreneurship last year with 28 percent, while Texas had half this proportion.
About 12 percent of U.S. entrepreneurs started their businesses out of necessity in 2008. That level rose to more than 28 percent in 2010, and then retreated to 21 percent where it remained in 2013.
On the flip side, there are plenty of American entrepreneurs who see a promising future, and are pursuing businesses based on perceived opportunities—sometimes referred to as opportunity-driven entrepreneurship.