Nov 20, 20231 min read

TENWEST Streetfest and Startup Tucson Creates a Place for Entrepreneurs To Learn and Grow

NORTHAMPTON, MA / ACCESSWIRE / November 20, 2023 / GoDaddy

As originally published by GoDaddy's Venture Forward Research Initiative

GoDaddy’s Sr. Director of Venture Forward, Alexandra Rosen, kicked off Innovation Day at TENWEST this year with a presentation on the power of entrepreneurship, including the growth, journey and impact of the local microbusiness owner in Tucson and surrounding Arizona. Her presentation “The Macro Impact of Microbusinesses: How Digital Entrepreneurs Power Our Local Economies” covered these businesses’ vast importance and how they can better be supported.

Tucson Microbusiness Fast Facts

There are over 50,000 microbusinesses open in Tucson.
Tuscon averages 7+ microbusinesses per every 100 adults.
There are over 630,000 online microbusinesses across Arizona.
Top 3 challenges for microbusiness entrepreneurs? Marketing online, accessing capital, and creating a website.
About half of all micro businesses are owned by women – and this number is growing.
For each additional microbusiness per 100 people in a county, $489 is added to annual household median income.
Each microbusiness entrepreneur creates about 7 new jobs (directly, indirectly, or through more local spending).