Study Details Broadband Benefits

Posted: Updated:
Tyner says "it's unusual to see returns that significant." Tyner says "it's unusual to see returns that significant."
WEST LAFAYETTE -

A study from Purdue University's Center for Regional Development suggests Indiana could generate a $12 billion economic impact over 20 years with a meaningful investment in bringing broadband access to rural areas. The report, commissioned by Indiana Electric Cooperatives and Tipmont REMC, estimates every dollar invested in broadband returns nearly $4 to the economy.

Researchers looked at potential costs and benefits from installing broadband within the service territory of seven electric cooperatives, then extrapolated the data to the entire state.

"It's unusual to see returns that significant," said Purdue agricultural economics professor Wally Tyner in a news release. "The finding of a 4:1 return validates the opportunity that could be created by full broadband deployment in Indiana."

Tyner says boosting broadband in rural communities can spark growth in areas including education, economic and workforce development, consumer savings and farm income. He says the study focused on electric cooperatives representing nearly 93,000 Hoosiers living in near "internet darkness," lacking access to reliable, high-speed internet services.

The study details potential benefits including: reducing physician time required for treatment and diagnosis, improved health knowledge and self-care, improving student performance, give older students access to distance education options, boosting entrepreneurship and making it easier for farmers and consumers to communicate with buyers and suppliers.

Economics professor Larry DeBoer says a broadband investment would also have a positive impact on the state and federal governments' bottom lines. He estimates more than $3 billion of the $12 billion benefit would go to state and federal government through increased tax revenue and healthcare savings.

You can see the full study by clicking here.

  • Perspectives

    • 3 Tips to Attract and Retain Employees in the Gig Economy

      The gig economy has been around ever since workers began looking for supplemental income, but, it has recently evolved with the introduction of technology. Companies emerging like Uber, Lyft and GrubHub, are changing the gig economy landscape of the workforce. The gig economy has attracted millennials and Gen Zers because of the flexibility and autonomy to work from anywhere, at any time.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (photo courtesy of Indianapolis International Airport)

      Indy Airport Showcases New Retail Offerings

      Indianapolis International Airport is celebrating the opening of the first wave of new retail offerings. The new stores are part of the airport's multi-year Concessions Refresh initiative, which aims to bring a greater mix of nationally-known brands, such as FAO Schwarz and Vineyard Vines, with more local offerings, including Natalie's Candy Jar and Fountain Square Market. In all, nine new retail stores opened Tuesday morning. In an interview with Inside INdiana Business...

    • (Image of downtown Shelbyville courtesy of Mainstreet Shelbyville Inc.)

      Shelbyville Unveils Major Downtown Redevelopment

      The city of Shelbyville is announcing what it calls a major downtown redevelopment project to boost overall quality of life. The project plans feature green spaces, increased parking, market-rate housing, and infrastructure for public entertainment and community events. 

    • The IU School of Informatics, Computing and Engineering will now be named for Fred Luddy for his $60M gift. (photo courtesy James Brosher/IU)

      $60M Gift to Fund AI Center

      An Indiana University alumnus who founded the information technology firm, ServiceNow, has given his alma mater $60 million to establish an artificial intelligence center. The university says the gift from cloud-computing pioneer Fred Luddy is the second largest in the history of the IU.

    • DePauw University ranked No. 20 on list of Best "Colleges"

      Small Indiana Colleges Rank High Nationally

      Indiana has two institutions of higher learning, with intentionally small enrollments, that rank in the top 30 in the nation for an overall experience.  The personal finance website, WalletHub, conducted a survey of what it calls the 2020 Best College Ranking. 

    • Transpo is South Bend's municipal bus system. (photo courtesy of Transpo)

      South Bend Launches Free Fare Program

      The city of South Bend has launched a new initiative to help a select number of residents who don’t have reliable and easy access to transportation get to work. The program is called Commuters Trust.