TheCrowdDataCenter.com has teamed up with Crowdfund Capital Advisors (CCA), participants in the creation of the JOBS Act legislation, harnessing big-data to create a way to measure crowdfunded activity and job creation, at national and, crucially, local level in a new way.
The JOBSIMPACT score rates the impact on a city, state or country aiming to reveals how entrepreneur-friendly the local ecosystem is, providing comparisons and key insights, according to the report.
“The JOBSIMPACT score indicates the effect on the local economy by assessing the impact on venture and job creation” said Barry James, Founder and CEO of TheCrowdDataCenter.com “It’s proved extrordinarily revealing. We can see straight away that there are one or two truly stellar areas, such as Washington DC and San Francisco, where this new entrepreneurial ecosystem has taken hold, showing what it’s capable of. Followed by some very promising challengers and the many in the middle. But there’re whole cities and states that look more like a desert and it’s, paradoxically, in these that the most pent-up potential most probably exists.”
“The global growth of crowdfunding over the last two years has been tremendous, and it’s sustained” said Jason Best, Principal at CCA and one of the instigators and architects of the JOBS act. “While we in the US have been waiting for the SEC the UK has seen growth rates far faster than ours at 350% or more”
“This is the best opportunity in our lifetime to empower tens of thousands and, if at least some of the barriers are removed, ultimately millions of Americans to take control of their own lives, create and build their own businesses and achieve their dreams. To change the game forever to empower us all. This, after all, is the American Dream” said CCA’s Sherwood (Woodie) Neiss.
“Presently most of this is focussed into major cities and hubs, like London, Edinburgh, Washington and San Francisco but given the nature of the internet and social media that needn’t remain the case” commented James “communities now transcend such geography and with the right support every town, city and community can become its own hub, and a hive of innovation and entrepreneurial activity. Enabling anyone with the drive and talent to take their idea and, with the support of the crowd, realise those dreams – creating jobs and growth in the process.”
“”We’ve long known that there are wide variations but this initiative is allowing us a much more in-depth analysis, based on hard-data, yielding new insights into the entrepreneurial ecosystems in every state, and cities across the USA and beyond. It is the first attempt to measure the direct impact that crowdfunding is having on Job Creation and should open the door to economic development initiatives to improve performance nationwide”