A new study reveals that Colorado has the sixth-highest concentration of women business owners relative to its female population.

The research by performance marketing agency SimpleTiger analyzed the U.S. Small Business Administration (SBA) Office of Advocacy’s 2024 and 2025 Small Business Profiles to identify where women-owned businesses are most concentrated across the country. The study calculated each state’s two-year average number of businesses owned by women (2024–2025). It ranked states by the average number of women business owners per 1,000 female residents aged 15 and above.

Colorado ranks sixth with an average of 115 women business owners per 1,000 female residents aged 15 and above, 8.49% higher than the national average of 106. The Centennial State has 2,462,043 female residents aged 15 and above and an average of 282,447 businesses owned by women across 2024–2025.

Looking at the study, a spokesperson from SimpleTiger commented,

“Colorado’s ranking points to an ecosystem where lifestyle-driven consumption meets strong professional services and a healthy startup culture. Women-owned businesses often scale by aligning with values-based customers, building subscription or membership models, and using partnerships to expand beyond one city.”

Your Roadmap to Entrepreneurial Success: What Women Business Owners Need to Thrive

Here’s your action plan:

Before You Launch: Build Your Foundation

• Research state-specific programs for women entrepreneurs (grants, loans, tax incentives)
• Connect with local Small Business Development Centers (SBDCs) and women’s business centers
• Join women entrepreneur networks and chambers of commerce
• Investigate the regulatory requirements and business-friendly policies in your state
• Assess access to childcare, healthcare, and work-life balance resources

The Business Health Check

• Funding landscape: Research women-focused venture capital, angel investors, and SBA loan programs
• Market assessment: Evaluate customer demographics and purchasing power in your target market
• Mentor network: Identify successful women business owners who can provide guidance
• Skills inventory: Assess your strengths and identify areas where you need support or training

The Success Framework

• Leverage state and federal resources specifically designed for women-owned businesses
• Build strategic partnerships with other women entrepreneurs for shared resources and support
• Stay informed about certification programs (Women-Owned Small Business certification)
• Create financial systems that support sustainable growth, not just survival
• Prioritize community involvement; successful women entrepreneurs often lift others as they climb

The study was conducted by SimpleTiger, a performance-driven marketing agency specializing in SaaS growth. SimpleTiger focuses on delivering high-quality results quickly through strategic SEO and content marketing tailored to each product’s market.

Methodology

The research pulled state-level counts of “businesses owned by women” from the SBA Office of Advocacy’s 2024 and 2025 Small Business Profiles. For each state, the study calculated the average number of businesses owned by women for the period of 2024–2025. It then computed the average number of women business owners per 1,000 female residents aged 15 and above and ranked all 50 states from highest to lowest. The national average used for comparison was 106 women business owners per 1,000 female residents aged 15 and above.

Data Sources

• 2024 Small Business Profiles for the States, Territories, and Nation: https://advocacy.sba.gov/2024/11/19/2024-small-business-profiles-for-the-states-territories-and-nation/
• 2025 Small Business Profiles for the States, Territories, and Nation: https://advocacy.sba.gov/2025/06/30/2025-small-business-profiles-for-the-states-territories-and-nation/
• Research Dataset: https://docs.google.com/spreadsheets/d/1St07PkFhfuodB3fXVIxJqOnN5A5dM3wSgzdE0xTQCHg/edit?gid=0#gid=0