Taking Cities to the Next Frontier - Bridge50: " . . . local governments should focus on increasing the speed of their broadband networks. A 2011 study demonstrated that doubling the broadband speed for an economy increases GDP by 0.3%. Furthermore, businesses are enticed to locate to a city based on internet speed, not the mere presence of Wi-Fi. In a 2012 survey 90% of professionals in economic development organizations agreed that a broadband speed of at least 25-50 Mbps is needed to attract new business to a city, with over a quarter concurring that 1,000 Mbps would be needed. Fiber optic cables can provide these speeds and the corresponding benefits. First, high-speed fiber optic networks are a demonstrated boon to economic growth. Since first offering its fiber optic service in 2012, Chattanooga, Tenn. has generated $400 million in new business investments and 6,000 new jobs. . . ." (read more at links above)
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