“People are moving to cities, seeking community, purpose and the opportunity to be part of something bigger than themselves.”
WeWork, the global co-working space company, has released its first Global Economic Impact Report in partnership with HR&A Advisors. The report shows the impact of the company’s community on the international economy – generating approximately 680,000 jobs and contributing US$122.3 billion to global GDP. If WeWork’s economy were a city, its GDP would be equivalent to cities like Vancouver and Dublin.
The report shows how WeWork helps companies grow efficiently, socially and sustainably. It also helps companies expand globally, creating a global economic ripple effect. Companies gain greater efficiency, strong workforce retention and an expanded global footprint, creating a cascading economic effect around the world.
Some of the main Brazilian results, in the cities São Paulo and in Rio de Janeiro, WeWork’s 2019 Global Economic Impact Report includes:
Contribution to GDP
In São Paulo, the WeWork economy contributed directly with R$988 million and indirectly with R$213 million of the city's GDP.
In Rio de Janeiro, it contributed directly with R$270.3 million and indirectly with R$26.1 million to the city's GDP.
Strengthening the local economy
In São Paulo, 74% of members did not work in the neighborhood, bringing more activities and spending in local restaurants and shops.
In Rio de Janeiro, 55% of members did not work in the neighborhood before joining WeWork.
Member development
In São Paulo, 65% of members say WeWork has helped their company accelerate its growth. 20% of members are first-time entrepreneurs.
In Rio de Janeiro, 62% of members say WeWork has helped their company accelerate its growth. 19% of members are first-time entrepreneurs.
Source: WeWork
Download the Report here https://impact.wework.com/?utm_campaign=20190425_global-impact-report-2019-portuguese&utm_medium=email&utm_source=wework
