"These insights led to the funding of $18M in Gilbert towards business recovery."
Director of Economic Development, Gilbert, AZ
GoDaddy Venture Forward is a research initiative that quantifies the impact 20+ million online microbusinesses have on their local economies, and provides a unique view into the attitudes, demographics, and needs of these entrepreneurs.
Introducing The New Microbusiness Data Hub
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Over the last four years, Venture Forward has met with hundreds of local policymakers, economic development planners, researchers, and academics to share what we know about microbusinesses. Nearly every meeting ended with a request to have access to the raw data so they could use it in their own modeling as they sought to better understand and advocate for microbusinesses.
Built in response to these requests, Venture Forward is introducing the Microbusiness Data Hub. With three unique data sets ready for download (and more on the way), in addition to access to surveys with over 17,000 microbusiness entrepreneurs, the Microbusiness Data Hub is here to assist the efforts of those working to support and strengthen their microbusiness communities.
Over the last two years, entrepreneurs have adapted and persevered, whether it’s pivoting an existing business to navigate the ever-changing landscape, or creating a new successful venture among the chaos. View the first video content series from Venture Forward that follows the journey of four microbusinesses to see how they’ve built a better future for themselves and their communities.
Brookings: Microbusinesses flourished during the pandemic. Now we must tap into their full potential.
Amid the economic tumult of the past two years—with nearly 30% of small businesses closing their doors at the height of the pandemic, workers quitting their jobs at historic rates, and ongoing disruptions to the global supply chain—one positive trend shined through: A record number of Americans started online microbusinesses.
Our goal is to empower policymakers and economic developers with the data and insight they need to better assist the microbusinesses in their communities and the everyday entrepreneurs behind them. This report is powered by the latest data from Venture Forward, a GoDaddy initiative to quantify the impact of 20 million online microbusinesses on the U.S. economy.
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They’re the people who build websites, run restaurants, and offer classes online. But their impact has largely gone unnoticed. Our mission is to change that. We use data to show policy makers how microbusinesses make communities more prosperous and resilient.