Stating that “global connectivity is key to personal and business communication,” the Florida Chamber suggested recently from Tallahassee that regional access to high-speed internet is tangibly linked to increased economic growth based on recent research.
In a 2014 study conducted by Analysis Group, it was determined that superlative Internet access may have a real connection to economic growth, specifically finding that cities with higher speeds tally higher per-capita GDPs.
After identifying 14 urban areas with gigabit speeds and comparing them to 41 regions without that advantage, the study subsequently discovered that GDP for the better-equipped areas was 1.1 percent higher. Even with the acknowledgement of a standard margin of error, the Florida Chamber considers the finding worthy of consideration, noting that numerous large cities in the Sunshine State are investing in broadband upgrades.
Specifically, it said, “smart communities” such as Lake Nona Medical City and Babcock Ranch both utilize next-generation technology to create digitally integrated communications, energy resources and more.
“If you had a choice of locating your business or residence in a city where online activity took nine seconds versus 30 minutes, which would you prefer?” the Chamber asked rhetorically.
More significantly, it has issued its Florida 2030 Survey to find out what constituents think; Floridians can relate whether they believe technology will benefit or disrupt economic growth by going to http://survey.constantcontact.com/survey/a07ecpcsmx1iod1ze44/a00hipfrua5l/questions.