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

Librarian who follows rural broadband in MN and good uses of new technology (blandinonbroadband.org), hosts a radio show on MN music (mostlyminnesota.com), supports people experiencing homelessness in Minnesota (elimstrongtowershelters.org) and helps with social justice issues through Women’s March MN.

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