Wednesday, August 5, 2015
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New Connected Texas report
AUSTIN -- A report released in August by Connected Texas confirms Texas businesses with a broadband connection are likely to generate more revenue and jobs. Currently, 73 percent of Texas businesses use broadband, but the research estimates that approximately 140,000 Texas businesses still do not use broadband technology today.
Connected Texas is a statewide public-private partnership working to expand broadband. The Business Technology Assessment reveals how technology is being used by businesses and where gaps still remain across the state.
Findings from this survey illustrate a significant correlation between high-speed Internet adoption and a business’s bottom line, including:
•Businesses with high-speed Internet connections report having median annual revenues $200,000 more than businesses without broadband.
•One-half of all Texas businesses (approximately 261,000 businesses) have a website. Median annual revenues among broadband-connected businesses with websites are $300,000 higher than those without.
•Approximately 95 percent of Texas businesses using broadband today report that they are satisfied with their broadband service, with 64 percent answering that they are “very satisfied” with their broadband.
•Rural Texas businesses report needing more bandwidth at greater percentages than their urban or rural counterparts.
•Approximately 27 percent of all businesses -- and 28 percent of small businesses with fewer than five employees -- do not use broadband for their daily business needs.
•Roughly one-quarter of state businesses allow employees to telework, allowing workers more flexibility and job opportunities, and helping businesses operate more efficiently.
The National Telecommunications and Information Administration under the State Broadband Data and Development Grant Program funds the program.
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