Ventures’ Hidden Impact on the U.S.  Economy and Recession Recovery
Channel: GoDaddy
Date: 2020-07-30

Venture Forward Director, Alexandra Rosen, shares proven insights about the economic impact ventures have in our communities and nation and what we can do to move those ventures forward. Brought to you by GoDaddy. 

Ventures are like America’s best kept secret — and one that needs to be told. Their untapped potential and direct impact on our economy is unrealized, especially during a recession like COVID-19. A venture is defined as an individual domain name with an active website that represents a business, service, non-profit, cause or idea. Whether it be the mom and pop shop, online retailer or nonprofit in your community, ventures are the hidden gems that we must bring to the light so it can shine for continued prosperity. After Venture Forward joined forces with academic researchers to analyze millions of GoDaddy ventures run by everyday entrepreneurs, the results were astonishing. Not only did communities with more ventures see higher gains in annual household income growth, they also had lower unemployment rates and were most likely to recover quickly from a recession. As we continue to learn more about ventures’ direct impact on our economy and recession recovery, it’s important to start considering them a key part of our nation’s economic health and make it a priority to support their businesses for long-term success.

Learn more about Venture Forward: https://bit.ly/GoDaddyVentureForward

Resources for Small Businesses:
Up-to-date info on COVID-19: https://www.cdc.gov
COVID-19 resources and grant information: https://www.covid19businesscenter.com

The information contained in this video is provided for informational purposes only, and should not be construed as an endorsement or advice from GoDaddy on any subject matter. 

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