Google Contributed $80 Billion to U.S. Economy in 2011

Google is good for the economy, according to a study posted on the company’s blog. In 2011, Google’s search and advertising tools brought in $80 billion for 1.8 million advertisers, website publishers, and nonprofits in the U.S.

Google published a breakdown of its reported economic impact in an interactive map of the United States. In New York, for example, the company employs more than 2,800 full-time workers in two office locations. In 2011, there were 140,000 businesses and nonprofits using AdWords and AdSense — 846 of the nonprofits received $28.9 million worth of free advertising through the Google Grants program.  The total impact was $11.1 billion in economic activity, or as Google put it, “enough for every New Yorker to dine on more than 100 buffalo wings during the next 5 Super Bowls.”

Along with the numbers, the report includes interviews with local business owners like Joelle Obsatz, who co-owns the Butterfield Market and Catering company with members of her family in New York City. Obsatz says her company has seen a five to 10% increase in profits since she “ramped up” her AdWords campaign three years ago and that she plans to add e-commerce to the site in 2012.

Stories like hers speak to the many small businesses in America that are not based on the Web — a good reminder that society moves a little more slowly than technological innovation.

In an effort to promote online advertising for companies that exist offline, Google has been traveling the country to help small business owners set up free websites through its Get Your Business Online program. If you click through the site, you’ll find information on Internet marketing beginning with this video entitled, “Why your business needs a website” and moving through social media, mobile, and other forms of online marketing.

“All in all,” writes Margo Georgiadis, Google VP of Americas sales, “it’s clear that the economic impact of the web is huge; the Internet is where business is done and jobs are created.” At least it will be, if Google has anything to say about it.

 

 

 

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