Unlocking the Benefits of Internet and Mobile Access in Cities
Empowering Urban Growth
In today's digital age, enhanced internet and mobile access offer cities significant opportunities for growth and improvement. This flyer highlights the measurable financial benefits cities can expect from increased connectivity.
1. Economic Growth
Increased Tax Revenue
Data: Potential increase of 5-10% in local tax revenue.
Description: As businesses flourish, cities like San Francisco could see an increase of $150-$300 million in tax revenue.
2. Attracting Investment
Investment Opportunities
Data: Potential attraction of $100 million or more in new investments.
Description: Improved digital infrastructure can draw tech companies and investors, boosting the local economy.
3. Job Creation
Employment Growth
Data: 2,000-5,000 new tech jobs expected.
Description: Enhanced connectivity can lead to a 2-5% growth in employment, increasing payroll tax contributions.
4. Cost Savings in Public Services
Operational Efficiency
Data: 10-20% savings in public service costs.
Description: Implementing digital solutions could result in savings of $100-$200 million for cities like San Francisco.
5. Improved Economic Activity
Boosting GDP
Data: 2-4% increase in local GDP.
Description: Enhanced connectivity can contribute an additional $200-$400 million in economic activity.
6. Reducing Unemployment
Economic Stability
Data: Expected 1-2% decrease in unemployment rates.
Description: Greater internet access opens job opportunities, leading to increased tax contributions.
7. Increasing Property Values
Real Estate Benefits
Data: 5-15% increase in property values.
Description: With enhanced access, property values in areas like San Francisco could rise by $75,000 to $225,000.
8. Enhancing E-commerce Activity
Local Business Growth
Data: 10-20% increase in local e-commerce sales.
Description: Local businesses could see an additional $50-$100 million in sales due to better internet access.
9. Public Health Cost Savings
Healthcare Accessibility
Data: 5-15% savings in public health costs.
Description: Improved telemedicine services can save millions annually, enhancing overall public health.
10. Increased Tourism Revenue
Attracting Visitors
Data: 5-10% increase in tourism revenue.
Description: Enhanced connectivity could bring in an additional $50-$100 million in annual spending from tourists.