Tuesday, May 25, 2010

Google's Economic Impact on U.S. Businesses in 2009: $54 Billion

This morning, in honor of National Small Business Week, Google officials were in Washington, D.C., to unveil a first-time-ever report detailing the company's economic impact in all 50 states. The company's total contribution: a whopping $54 billion.

As GoodBiz113 reported earlier this month ["Google, SBA Launch 'Tools for Online Success' Partnership"], Google has partnered with the U.S. Small Business Administration in a big way to help America's small businesses grow. This report shows that the innovative tech company has helped hundreds of businesses in every U.S. state move closer to achieving their financial goals.

"People think of Google first and foremost as a search engine, but it’s also an engine of economic growth," blogs Claire Hughes Johnson, vice president of Google's Global Online Sales [pictured]. "In our report, we’re announcing that, in 2009, we generated a total of $54 billion of economic activity for American businesses, website publishers and non-profits.

"Over the years, people have asked us whether we could quantify our economic impact on a state level, and we’re pleased to do that for the first time with this report, which you can download at google.com/economicimpact.

"In a time of tighter budgets and a slow economic recovery, we’re glad to support so many small businesses and entrepreneurs across the country by helping them find new customers more efficiently and monetize their websites through targeted advertising...

"The report is filled with really wonderful stories about the direct economic impact that AdWords, AdSense, Google Grants and our search engine have across the country. These are the stories of entrepreneurs across the country growing their businesses with Google. And, this morning, Googlers are hosting events in 10 other cities across the country -- Atlanta, Austin, Boston, Chicago, Detroit, New York, Oakland, Portland [Ore.], Raleigh and Seattle -- to help share those stories. Ladies and gentlemen, start your economic engines!"

To download a copy of the report and/or find a clickable map to see Google's economic impact in your state, go to http://www.google.com/economicimpact/.

To view a video of Ms. Johnson and Hal Varian, Google's chief economist, discussing specifics about how the company compiled numbers for its eye-opening report, go to: http://bit.ly/GoogleImpact2009.

SOURCE: Google Inc.

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