According to a study EPB’s fiber optics has created more than 2.800 new employments and generated $865.3 million to the economy of the city by reducing power outages, improving Internet speed and attracting businesses. Currently, it serves 75.725 homes and businesses in Chattanooga.
EPB smart grid and gigabit Internet Service were introduced in Chattanooga six years ago and since then it has improved quality of life, education, health care, businesses, among other fields, according to a study by the Economist Bento Lobo from University of Tennessee at Chattanooga.
Chattanooga was the first American city to offer 1GBps Internet service to all its residents and businesses and according to Lobo’s study the profits exceeded the expected benefits by 27 percent. This means benefits between $2.832 and 3.762 per Hamilton County resident.
"This analysis suggests that the true economic value of the fiber infrastructure is much greater than the cost of installing and maintaining the infrastructure," Dr. Lobo said.
Source: Time Free Press.