Broadband Fuels Economic Renewal

With a new President and Congress sworn into office, our latest Broadband Now video discusses the top policy priority of our day -- renewing our nation's economy.  In the wake of our country's economic challenges, Congress is working on a stimulus package with a goal of investing in not only our physical infrastructure, but our information economy as well.  So just how big a role does broadband play in the U.S. economy?

On a national scale, the broadband and information technology sectors are the largest contributors to the U.S. GDP, adding nearly $900 billion annually to the nation's economy.  Also, with many Americans worried about job security, it's encouraging to know that broadband/IT created nearly half of all new jobs last year, and that just a 7% increase in broadband adoption could create 2.4 million U.S. jobs.  And thanks to a pro-investment policy climate, broadband infrastructure investment reached $60 billion in 2007 alone.  This funding is crucial to unleashing the full potential and power of broadband, including innovations in health IT, online education, and much more.

For more on how high-speed Internet can contribute to a high-speed economic recovery, tune into our latest 'Broadband Now video, or visit our video wall.