Published in News

U.S. could grow if broadband better

by on22 February 2008


Seven per cent would add $134 billion to economy

A small
increase in the adoption of broadband in the U.S. could add $134 billion to the economy and create 2.4 million jobs.

According to a study released by Connected Nation, just a seven per cent increase in broadband use would also save $662 million in health-care costs and $6.4 billion in vehicle mileage.

Indications that state-wide programs to boost broadband use, such as those running in Kentucky, have demonstrated that a lot of economic growth rides on the back of broadband.

The Connected Nation study shows that the U.S. would gain $92 billion in new wages from the 2.4 million jobs created as a result of the growth.

Broadband used for health-care services has saved an average of more than $200 per person per year in Kentucky, and residents there drove more than 100 fewer hours per month because of transactions done online, according to the study.

More here.
Last modified on 23 February 2008
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