The data from GoDaddy's Venture Forward indicates that the influx of new residents significantly correlates with the growth of microbusinesses, enhancing local economies.
The research shows a positive relationship: for every 1 percent of new residents from different counties, states, or countries, microbusinesses per 100 people increase.
The findings reveal that remote work has not only transformed living arrangements but has also sparked entrepreneurial activity in local economies across the U.S.
There's a clear trend; as more individuals relocate, especially from farther distances, the emergence and growth of new microbusinesses within those communities rises.
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