Bruce P. Mehlman
The Internet Innovation Alliance is a broad-based coalition of business and non-profit organizations that aim to ensure every American, regardless of race, income or geography, has access to the critical tool that is broadband Internet. The IIA seeks to promote public policies that support equal opportunity for universal broadband availability and adoption so that everyone, everywhere can seize the benefits of the Internet - from education to health care, employment to community building, civic engagement and beyond.
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Since the start of the recession in December 2007, the rate of new business creation has dropped by 23 percent, and this has resulted in 1.8 million fewer jobs.
In addition to this decline in new business development since the recession, the below-parity performance by African American-owned businesses presents a significant lost opportunity for job creation. Had minority businesses reached parity with other businesses, the economy would have created $2.5 trillion in additional economic activity and 16.1 million additional jobs.
Connected Nation estimates that 4.4 million U.S. business establishments have websites, including more than 2 million businesses with fewer than five employees.
Broadband connected businesses bring in approximately $300,000 more in annual median revenues than non-broadband adopting businesses.
Nearly 32% of businesses earn revenue from online sales. This translates into more than 2.4 million U.S. businesses.
U.S. businesses generate $411.4 billion in online sales to consumers or other businesses
– yet an estimated 1.8 million businesses remain unconnected to broadband.
Many people in the current economy using public library computers and Internet connections to seek employment
Many people in the current economy are using public library computers and Internet connections seek employment or engage in other uses related to seeking employment, including learning about starting a business.
60% of mobile Web users are 1.3 times more likely to go online to do business
According to Ruder Finn, 60% of mobile Web users are 1.3 times more likely to go online to do business compared to traditional users.
Median annual revenues for Ohio businesses that use broadband are double those of businesses that do not subscribe to broadband.
Among Ohio businesses that do not subscribe to broadband, nearly half do not use a computer,
and 31% believe they do not need broadband service. 6% say that cost of monthly broadband is a barrier to adoption of it, and another 6% say it is because broadband is not available.