DENVER – The website NerdWallet, a site that uses number-crunching to help consumers make informed decision, recently released their list of the 10 “Best Cities for Female Entrepreneurs.” Coming in at number 7 is Denver, thanks in part to the education offered by the Jake Jabs Center for Entrepreneurship at the University of Colorado Denver Business School. In fact, the ranking calls out the importance the Jake Jabs Center played in Denver’s high ranking.

According to NerdWallet, rankings were based on data in the following areas:

1. Business-friendliness: We looked at the number of businesses per 100 residents to assess a city’s entrepreneurial climate.
2. Presence of female entrepreneurs: We took a look at the percentage of businesses that are owned by women to measure how friendly each location is to female entrepreneurs.
3. Earnings of female workers: To assess the earning potential women have in each city, we used the median earnings for full-time female workers.
4. Education level: Studies have shown that education correlates with entrepreneurship. To measure the presence of educated workers, we looked at the percentage of residents 25 years and older with a bachelor’s degree or higher.
5. Economic state: In order to assess whether a city has an economy suitable for entrepreneurial success, we examined unemployment rates.

Read the whole story on NerdWallet’s website.
For a brief summary, read the Denver Business Journal article about the story.
For more information about the Jake Jabs Center for Entrepreneurship, visit the Center’s website.