It’s fun sifting through documents that emerged at the Broadband Community Conference last week. Today’s highlight is from SNG (Strategic Networks Group), a Broadband Economic Impact Model, which is a dashboard of metrics estimating of economic impacts from business adoption of eSolutions for selected geographies and industry profiles.
Here’s a description of their method..
SNG’s Broadband Economic Impact Model applies reported utilization data from tens of thousands of businesses and infers what increasing awareness and use of Internet applications could mean for your region. More specifically, businesses surveyed by SNG across America have been asked to quantify the economic impacts from using 17 specific Internet applications. These numbers tell us how incremental increases in meaningful across multiple businesses will drive significant economic growth.
And the bottom line results for Minnesota…
- Businesses adopting … 3,949
- New Revenues/Business … $60,000
- Annual GDP … $293 million
- Annual Tax Revenue … $11 million
- Total New Jobs … 4,264 sng-broadband-economic-impact-model-minnesota-impacts