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10-10-2013 EDC Meeting
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10-10-2013 EDC Meeting
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utilize that technology to grow and develop local economies. According to a variety of research <br /> available,we already see the impact of broadband on Minnesota business. The 2012 Connect <br /> Minnesota Business Survey6 included the following findings related to the economic impact of <br /> broadband on Minnesota businesses: <br /> • Approximately 44,000 Minnesota businesses allow their employees to telework, reducing <br /> the cost of office space and the number of miles that employees commute for work; <br /> • 73 percent of all Minnesota businesses subscribe to broadband, with approximately <br /> 40,000 Minnesota business establishments not using broadband; <br /> • Across Minnesota, businesses that subscribe to broadband report median annual <br /> revenues that are$200,000 higher than businesses that do not use broadband. In <br /> addition, Minnesota businesses that subscribe to broadband and maintain a website <br /> report median annual revenues that are $400,000 higher than businesses that do not <br /> use broadband at all. <br /> Minnesota's rural economy is being directly impacted by <br /> broadband availability, adoption, and use. The 2012 <br /> Minnesota Internet Survey released by the Center for <br /> Rural Policy and Development finds that in 2012, 27.4 <br /> percent of individuals and/or businesses sold goods or <br /> services(or advertised) online; up from 14.3 percent in <br /> 2010. In fact,the percentage of rural Minnesota Telework Moving Employment in Fergus <br /> individuals and businesses utilizing broadband for Falls Forward <br /> selling/advertising is higher than in the Metro,where <br /> 24.3 percent engaged in those activities. Broadband also Forward Fergus Falls is a coalition of leaders in <br /> allows rural Minnesotans the ability to access Fergus Fall that have set out to accomplish <br /> employment opportunities that previously may have been Destiny Drivers" to improve the vitality of the <br /> unavailable in their communities. Through telework(see local economy. One of those drivers was to <br /> below), rural Minnesotans can work for organizations not market Fergus Falls as a telecommuting-ready <br /> located in their geographical region. Connect Minnesota community, which gave rise to the Telework <br /> `.. research indicates that about 16 percent of rural Initiative. This multi pronged effort strives to <br /> Minnesotans are engaged in some type of telework <br /> employment. improve broadband access; create a telework <br /> hotel to incubate local small businesses and <br /> serve as a remote worksite; promote telework to <br /> The Telework Example local workers; and market Fergus Fall nationally <br /> as a location to find good. reliable teleworkers. <br /> The ability to foster a telework economy is a broadband Forward Fergus Falls estimates the economic <br /> benefit that has numerous economic impacts.According impact of the telework hotel at $400.000 - <br /> to Connect Minnesota's 2011 Residential Technology $450,000 in payroll. The estimate for telework <br /> Assessment, 22 percent of Minnesota adults who are jobs in the area is currently 350 employed by <br /> employed full-time or part-time say that they work from two major Fortune 500 companies and growing. <br /> home, or telework. This means approximately 570,000 <br /> Minnesota adults work from home using the Internet For more info - http:/wp.me/p3if7-1 Ez - more <br /> instead of commuting to a typical workplace during updated http://wp.me/p3if7-1Td <br /> normal business hours. Each teleworker saves roughly <br /> $343.16 a year on average on car maintenance and <br /> prevents 1,411 pounds of CO2 emissions entering the <br /> atmosphere.'Across the state,this equals nearly$196 <br /> http://www.connectmn.oro/sites/default/files/connected-nation/Minnesota/files/mn bb business final.pdf <br /> 7 Based on 80 work days during the year,24.2 miles round trip commute,with an average automobile operating costs <br /> of 17.74 cents per mile http://www.commutesmart.info/download/AAA DrivinQCosts2011.pdf), and an average <br /> automobile efficiency of 26.6 mpg(http://www.futurepundit.com/archives/004903.html)producing 19.41bs. of CO2 <br /> emissions per gallon of fuel consumed(http://www.epa.qov/climatechange/ohgemissionsfindividual.html). <br /> 6 <br />
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