Betting on America’s Future

From the Director

“Betting on America’s Future”

 

Dr. Robert Yadon, Director

Digital Policy Institute

 

A new September 2013 report released by the Progressive Policy Institute[1], has found that the telecom and cable, technology, and energy sectors, among others, are overwhelmingly “betting” on America’s future based on their levels of investment. In total, the report finds that US based companies invested over 145 billion dollars into America’s economy in 2012, with companies including AT&T, Verizon, Exxon-Mobil and Chevron leading the pack.

 

AT&T’s commitment last year to invest an additional $14 billion over three years to upgrade and expand its wireless and wireline broadband networks is a powerful reminder that Internet-based communication is driving America toward a future of expanded digital opportunity.  This is great news for the IP-broadband industry, Internet-related businesses of every sort, and for every other business and individual that already takes advantage of the Internet or plans to in the years ahead.

 

While many other sectors continue to struggle to recover from the recession, the expansion of increasingly robust broadband networks is helping American businesses both here and abroad stay competitive and also creating jobs, and jobs growth in the technology sector is already beating the rest of the economy by three to one, according to a December 2012 study by the Bay Area Council Economic Institute.[2]

 

The investment commitment of the telecommunications sector is great news for the IP-broadband industry, Internet-related businesses of every sort, and for every other business and individual that already takes advantage of the Internet or plans to in the years ahead.  It is a win-win-win for every citizen and the U.S. economy.



[1] http://www.progressivepolicy.org/wp-content/uploads/2013/09/2013.09-Carew-Mandel_US-Investment-Heroes-of-2013.pdf

[2] http://www.theguardian.com/business/2012/dec/06/technology-sector-growing-faster-economy