The Impact Of Broadband

Economic Development

Access to broadband and the ability to use broadband-enabled technologies are essentially table stakes in the business environment. From freelancers to local franchises to large corporations, the ability to connect quickly and seamlessly is vital.
 

Broadband can:


•    Support entrepreneurship and small business growth
•    Expand access to jobs and training at the local level and            beyond 
•    Strengthen community development efforts
•    Fortify the competitive position of regions and 

      communities, attracting new companies, investments and          jobs
 

Moreover, broadband has the capacity to evolve with Virginia’s business community. It is estimated that two-thirds of Virginia’s roads will be at or above capacity by 2035. With rising demand from employees and increased logistical issues like traffic congestion to consider, telecommuting also is expected to expand across the state. Broadband offers the infrastructure, speed and security to support this growing need.

Investment in Virginia Broadband

 

We believe in Virginia and the enormous potential of our people, our schools and our businesses. That’s why the industry has invested more than $3.2 billion in the Virginia broadband cable network over the last eight years.

 

With access to the tools they need, like broadband, Virginians can build relationships, bring new business to the Commonwealth and meet the future of education.

 

In Virginia, the broadband cable industry:

 

  • Provides 2.6 million homes with access to broadband services

  • Has given 1,500 schools and libraries free wiring or cable service

  • Offers nearly 10,000 Wi-Fi hotspots

  • Delivers free cable service to hundreds of local government buildings

  • Serves 2.2 million customers

  • Employs 6,400+ people

  • Pays more than $330 million in wages each year

  • Contributes $100 million annually in communications sales and use taxes

  • Supports important causes with $16 million in free public service announcements each year

 

From economic development to education to health and personal wellbeing, broadband companies are invested in Virginia’s success.

Public-Private Partnerships

 

Public-private partnerships connect a wide range of stakeholders, leveraging both the deep understanding of their communities that local government representatives offer as well as broadband providers’ technical expertise. All partners can share knowledge – and the costs and risks associated with capital investments, obstacles to execution and adoption challenges. Together, they can create the right solutions for individual communities, benefiting individual residents, families, businesses, government agencies and nonprofit organizations.

 

Unfortunately, though public-private partnerships offer a sensible, workable approach for many communities, some municipalities opt to create their own networks. Those networks use taxpayer dollars and state and federal funding to compete with existing broadband providers.

 

Even worse, despite footing the bill, residents may not benefit from the networks the municipalities build. Broadband services from these government-managed networks often are simply not offered to residents. Meanwhile, these projects ignore the greater, shared goal of this funding: to expand existing broadband infrastructure so that every family has a chance to enhance educational opportunity, utilize advances in telemedicine and benefit from a number of other technology advances made accessible through reliable, affordable broadband internet access.

 

The VCTA works every day to pursue partnerships and solutions that make sense for members and local communities. Together, we know that we can expand broadband access in Virginia and serve the unserved residents in our Commonwealth.

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1111 East Main Street, Suite 802

Richmond, Virginia 23219

804-780-1776

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