Broadband businesses bring in an extra $200,000 in MN

Connect Minnesota recently released a report on business use of broadband. Here are some of the highlights as reported by their press release:

  • Broadband-connected businesses bring in approximately $200,000 more in annual median revenues than non-broadband adopting businesses
  • About 83,000 Minnesota business establishments have websites
  • 47,000 Minnesota businesses use the Internet to advertise job openings or accept job applications
  • Online sales in Minnesota account for approximately $6.2 billion in annual sales revenue
  • More than one-half of Minnesota businesses in the healthcare sector (55%) use the Internet to stay in touch with their customers and patients
  • 40,000 businesses in Minnesota are still not connected to broadband and are unable to actively participate in the digital global economy

Connected Nation also put out a broader report based on the surveys in the nine states where they work. It’s interesting to note that  the broader reports broadband-connected businesses bring in approximately $300,000 more in annual median revenues than non-broadband adopting businesses; that number is reduced to $200,000 in Minnesota.

This entry was posted in economic development, MN, Rural by Ann Treacy. Bookmark the permalink.

About Ann Treacy

I have a Master’s Degree in Library and Information Science. I have been interested or involved in providing access to information through the Internet since 1994, when I worked for Minnesota’s first Internet service provider. I am pleased to be a part of the Blandin on Broadband Team. I also work with MN Coalition on Government Information, Minnesota Rural Partners, and the American Society for Information Science and Technology.

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