The Importance of Small Businesses in Economic Recovery After COVID-19
Channel: GoDaddy
Date: 20/04/2020

Entrepreneur-In-Residence Scott Shigeoka talks with economic experts and small business owners about overcoming hardships and their message of hope for recovery after COVID-19.

Robert Brown, Sr. Director of Business Analytics at GoDaddy, breaks down Venture Forward, a multi-year study looking at the impact of micro and small businesses on the American economy. 

1:30 What is Venture Forward?
2:15 What is a venture?
2:50 What is the connection between ventures and community economic recovery?

Iowa Small Business Development Commission Regional Director Scott Swenson chats about the devastating 2008 floods in Cedar Rapids and how the community came together to emerge stronger on the other side. 

4:32 How were small businesses impacted by the Cedar Rapids flooding in 2008? 
5:00 How did the community and small businesses recover from the crisis?
5:35 What were some of the factors that helped some small businesses recover faster than others?
6:20 How did small businesses fare? Were they able to survive?

Lastly, Scott Shigeoka visits with Amber and Kibwe, managing partners and owners at MokiPops in Atlanta, GA. They open up about losing their home to Hurricane Irma in 2017 and how they shifted as a small business, inspiring entrepreneurs to stay hopeful for recovery after economic hardship. 

Resources for Small Businesses:
Venture Forward study: https://www.godaddy.com/ventureforward
Up-to-date info on COVID-19: https://www.cdc.gov

GoDaddy is not providing advice or endorsing the advice given. GoDaddy intends to provide this advice as a resource.

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