Broadband and Economic Development Global to Local
Agenda <ul><li>Introduction </li></ul><ul><li>What the empirical studies show </li></ul><ul><li>Site selectors and broadba...
What is Economic Development? Joan Spero and Jeffrey Hart Indiana University   “ The process of raising the level of prosp...
Some say “Build it and they will come.” Who is they, anyhow?
Broadband Vitality Components Each has an important impact on economic development! Community Members Providers Sophistica...
Broadband and Economic Development What the empirical studies show…
MIT/Carnegie Mellon Study Lehr, Osorio, Gillett, Sirbu January 17, 2006 <ul><li>For the period between 1998 and 2002, wher...
Brookings Institution Study Crandall, Lehr and Litan July 2007 <ul><li>For every 1% increase in state broadband penetratio...
More Brookings <ul><li>Policy implications </li></ul><ul><ul><li>Encourage competition among providers to lower costs </li...
Broadband and Economic Development What Site Selectors Think…
Broadband Site Factors <ul><li>Broadband is an expected asset, not a competitive advantage </li></ul><ul><ul><li>Direct fi...
Broadband and Economic Development Entrepreneurial Development
Broadband Entrepreneurs From InfoWorld’s Greatest Web Moments <ul><li>1994 - Yahoo - created by college students </li></ul...
Would you lend money to this girl?
Whateverlife.com <ul><li>Ashley Qualls, 17 year old entrepreneur  </li></ul><ul><li>Web site has 2.4 M visitors per month ...
Attracting Entrepreneurs <ul><li>Quality of life </li></ul><ul><ul><li>Means different things to different people </li></u...
Broadband and Economic Development Successful Local Strategies
Helping Existing Businesses Grow… <ul><li>Business technology assessments </li></ul><ul><ul><li>Todd County through MN Tec...
Entrepreneurial Development <ul><li>Youth as web masters for business </li></ul><ul><ul><li>Five Small Towns </li></ul></u...
Conclusions <ul><li>High level research and Main Street anecdotes demonstrate that broadband access and utilization increa...
Community Technology Initiatives Make A Critical Difference Increase knowledge, build a tech savvy community brand & empow...
Bill Coleman Community Technology Advisors [email_address] 651-491-2551 Register today for the Blandin Broadband Conferenc...
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Broadband Economic Development by Bill Coleman

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This webinar focuses on the positive economic impact of big bandwidth networks using published information and case studies. Topics include EDA Study, World Bank study, and Intelligent Community Forum winners.

Published in: Business, Economy & Finance
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Broadband Economic Development by Bill Coleman

  1. 1. Broadband and Economic Development Global to Local
  2. 2. Agenda <ul><li>Introduction </li></ul><ul><li>What the empirical studies show </li></ul><ul><li>Site selectors and broadband </li></ul><ul><li>Entrepreneurs and broadband </li></ul><ul><li>Local success stories </li></ul>
  3. 3. What is Economic Development? Joan Spero and Jeffrey Hart Indiana University “ The process of raising the level of prosperity and material living in a society through increasing the productivity and efficiency of its economy.”
  4. 4. Some say “Build it and they will come.” Who is they, anyhow?
  5. 5. Broadband Vitality Components Each has an important impact on economic development! Community Members Providers Sophisticated Use Technology Service Offerings Subscribers Robust Network
  6. 6. Broadband and Economic Development What the empirical studies show…
  7. 7. MIT/Carnegie Mellon Study Lehr, Osorio, Gillett, Sirbu January 17, 2006 <ul><li>For the period between 1998 and 2002, where broadband was available by 12/99, communities experienced more rapid growth in: </li></ul><ul><ul><li>Employment </li></ul></ul><ul><ul><li>The number of businesses overall </li></ul></ul><ul><ul><li>The number of IT businesses </li></ul></ul><ul><li>These communities also had higher market rental rates. </li></ul><ul><li>All data was at the zip code level. </li></ul>
  8. 8. Brookings Institution Study Crandall, Lehr and Litan July 2007 <ul><li>For every 1% increase in state broadband penetration, employment will increase 0.2-0.3% per year. </li></ul><ul><li>Employment in manufacturing, services (finance, education and health care) in positively related to broadband penetration. </li></ul>
  9. 9. More Brookings <ul><li>Policy implications </li></ul><ul><ul><li>Encourage competition among providers to lower costs </li></ul></ul><ul><ul><ul><li>Reform video franchising </li></ul></ul></ul><ul><ul><ul><li>Oppose net neutrality </li></ul></ul></ul>
  10. 10. Broadband and Economic Development What Site Selectors Think…
  11. 11. Broadband Site Factors <ul><li>Broadband is an expected asset, not a competitive advantage </li></ul><ul><ul><li>Direct fiber connections </li></ul></ul><ul><ul><li>Redundant networks </li></ul></ul><ul><ul><li>Competitive services </li></ul></ul><ul><ul><li>Reliability measures </li></ul></ul><ul><ul><li>Technical talent!!! </li></ul></ul>
  12. 12. Broadband and Economic Development Entrepreneurial Development
  13. 13. Broadband Entrepreneurs From InfoWorld’s Greatest Web Moments <ul><li>1994 - Yahoo - created by college students </li></ul><ul><li>1995 - e-Bay – broken laser pointer 1 st item </li></ul><ul><li>1997 - Craig’s List – emerged from a list serv </li></ul><ul><li>1995 – Amazon – first office was a garage </li></ul><ul><li>1998- Google – created by college students </li></ul>
  14. 14. Would you lend money to this girl?
  15. 15. Whateverlife.com <ul><li>Ashley Qualls, 17 year old entrepreneur </li></ul><ul><li>Web site has 2.4 M visitors per month </li></ul><ul><li>Site ranks 825 of 20.3 M sites </li></ul><ul><li>Sells designs for MySpace pages </li></ul><ul><li>Employs her mom and several friends </li></ul><ul><li>Borrowed $8 to start her company </li></ul>
  16. 16. Attracting Entrepreneurs <ul><li>Quality of life </li></ul><ul><ul><li>Means different things to different people </li></ul></ul><ul><li>Entrepreneurial culture and connections </li></ul><ul><li>Business support systems </li></ul><ul><li>Available broadband </li></ul><ul><ul><li>In town? </li></ul></ul><ul><ul><li>At the lake? </li></ul></ul><ul><ul><li>What about big broadband for power users? </li></ul></ul>
  17. 17. Broadband and Economic Development Successful Local Strategies
  18. 18. Helping Existing Businesses Grow… <ul><li>Business technology assessments </li></ul><ul><ul><li>Todd County through MN Technology Inc. </li></ul></ul><ul><li>Subsidizing web page development and improvements </li></ul><ul><ul><li>Cambridge </li></ul></ul><ul><li>Linking community businesses together through portals </li></ul><ul><ul><li>New Ulm retailers </li></ul></ul><ul><ul><li>Mankato area manufacturers </li></ul></ul>
  19. 19. Entrepreneurial Development <ul><li>Youth as web masters for business </li></ul><ul><ul><li>Five Small Towns </li></ul></ul><ul><li>E-commerce training </li></ul><ul><ul><li>U of M Extension </li></ul></ul><ul><ul><li>MN Technology, Inc. </li></ul></ul><ul><ul><li>MNSCU </li></ul></ul>
  20. 20. Conclusions <ul><li>High level research and Main Street anecdotes demonstrate that broadband access and utilization increase business success </li></ul><ul><li>Business prospects expect broadband services </li></ul><ul><ul><li>Choice </li></ul></ul><ul><ul><li>Customer service </li></ul></ul><ul><ul><li>Redundancy </li></ul></ul><ul><ul><li>Technical talent </li></ul></ul>
  21. 21. Community Technology Initiatives Make A Critical Difference Increase knowledge, build a tech savvy community brand & empower economic growth
  22. 22. Bill Coleman Community Technology Advisors [email_address] 651-491-2551 Register today for the Blandin Broadband Conference! www.blandinfoundation.org

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