Telecompetitor – EPB of Chattanooga’s gigabit broadband infrastructure has generated $2.69 billion in economic benefits to the community during its first decade of operation, according to a gigabit economic benefits report from the Rollins College of Business at the University of Tennessee at Chattanooga. The study, which was conducted by Bento Lobo, Ph.D., head of the Department of Finance and Economics, identified five ways in which EBP of Chattanooga has benefited the community:
The infrastructure created and retained 9,516 jobs, which is about 40% of jobs created in Hamilton County during the study period.
The project kept unemployment down. This is especially true during the COVID-19 pandemic. The network enabled businesses to transition quickly to remote work. The U.S. Bureau of Labor Statistics says that the county’s unemployment rate in November 2020 was 4.7%. That’s a lower rate than the state of Tennessee overall and also lower than in the U.S. overall (5.3% and 6.7%, respectively).