SNG Examines the Economic Impacts of a Locally Owned Network
In advance of SNG’s announcement next month of an exciting new offering called the Broadband Benefits Assessment, SNG’s analysis was featured in the pre-Broadband Summit issue of Broadband Communities. Included in Michael Curri’s article, “A Local Ownership Approach to Broadband” is a deep dive on a case example (Ammon, ID) and the benefits. It’s a deep dive to explain how a locally owned network can pay for itself, saving the municipality, businesses, and households money.
Click to read the article >>
This article is based on the cost and benefits a locally owned network would bring. The Broadband Benefits Assessment is an application of SNG’s Economic Feasibility Assessment – a process SNG offers to inform and develop a plan for local broadband investment as an alternative to longer and more costly feasibility studies. The Broadband Benefits Assessment applies this methodology to broadband investments already made.
The Broadband Benefits Assessment includes:
- Estimate of network investment
- Potential municipal cost reductions compared to existing broadband costs.
- Cost benefits for community anchor institutions (schools, libraries, hospitals, government buildings).
- Cost savings for households and the accompanying consumer surplus for local spending.
- Economic growth from increased business competitiveness and productivity.
Read Ammon, Idaho’s Broadband Benefits Assessment
Any community considering taking its broadband future into its own hands needs to understand and quantify the financial benefits such an investment would require – and if cost savings alone actually help a community pay for a network.