Economic Development

Gig fiber was and is a big part of Danville, Virginia's renaissance

James Fallows writes in The Atlantic about the amazing success of Danville, Virginia. Fallows identifies Gig fiber as of several key factors in the renaissance of the city. Other factors included a local foundation that took a long view of community revitalization and the opportunity to tap Virginia's tobacco settlement funds to build infrastructure like the Institute for Advanced Learning and Research.

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Is Chattanooga the next great place for venture capital and entrepreneurs?

Here is a brief video produced by Alcatel-Lucent on Chattanooga's fiber initiative. One of the people interviewed is a venture capitalist who has settled in Chattanooga, which is worthy of some notice--lack of capital is one of the biggest problems that many regions face when trying to jump start economic development. Most new jobs are created by small business START UPS, not existing small businesses, and start up businesses need angel and VC capital to create those jobs.

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Danville: Open access quietly working, attracting jobs, lowering costs

Here is an article about the City of Danville open access network (called nDanville). nDanville started as an open access network in late 2007, so it is in its fourth year. It was the first municipal open access effort in the United States, and has been quietly cutting costs for Internet and VoIP phone service by as much 80% for businesses and institutions using providers on the nDanville fiber network. It has also been bringing jobs and businesses to the community.

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NC legislators to businesses: Don't come to our state!

Just when you thought you had heard it all, North Carolina legislators are about to pass a law declaring the state a broadband-free zone. An amendment to a very bad broadband bill will declare that "broadband" is any service that is "occasionally capable of achieving 768kbps downstream and 200kbps upstream." This is 1/5 of the feeble national goal of 4 megabits downstream and 1 megabit upstream.

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North Carolina legislators determined to crush economic development and jobs

Via Stop the Cap!, some North Carolina legislators seemed determined to kill jobs and economic growth in North Carolina's communities by banning community-owned broadband. The cable companies hope to succeed in getting this legislation passed in North Carolina. If they are successful there, they will surely move the same tactics to other states.

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Wired towns shove cities out of the way

Here is a study that indicates that smaller communities with the right broadband infrastructure are "...emerging as major economic centers." What about your community? Does it have the infrastructure to attract new businesses?

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North Carolina is still trying to outlaw community control of economic development

Via Stop the Cap!, a bill has been introduced in the North Carolina legislature to make it extremely difficult for communities to invest in broadband infrastructure. The article is excellent, with a detailed analysis of the issues, so I'm not going to try to summarize it here--just read the whole thing.

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Chattanooga Fiber and a city that gets it

The City of Chattanooga, Tennessee was recently selected by the Intelligent Community Forum as one of the Top 7 Intelligent Communities worldwide for 2011. This article by Robert Bell of ICF provides some of the back story and the amazing success of Chattanooga over the past couple of decades.

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The next business park amenity: Videoconferencing

Design Nine has its corporate headquarters at the Corporate Research Center here in Blacksburg. The CRC recently added a new amenity for its tenants: a state of the art videoconferencing meeting room. We've used the room to save money on travel, and it is something every business park should have. The system the CRC installed is very high quality, with a high quality remote control camera and a very large, wall-mounted flat panel TV.

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Fiber brings the data centers

I had a conversation earlier this week with a well-connected business person who is in the business of building data centers. The two top criteria his firm uses to identify communities in which to locate data centers is power and fiber. What he told me is that for the size of data center he typically builds (50,000 to 100,000 square feet) they are looking for power from two separate sub-stations, and that power from two separate grids is even better.

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The Library of the Future

Libraries have a bright future, particularly in small and medium–sized communities. As the Knowledge Economy continues to change the way business is conducted, both locally and globally, libraries can play an essential economic development role as well as enhance community and civic life. Indeed, by changing and adapting their role and mission slightly, libraries could enter a “Golden Age,” where the venerable institution plays a more central role in the community, with a commensurate increase in funding.

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Broadband on Main Street

Broadband investments should be part of a larger set of community and economic development strategies. This handout describes what is needed to bring Main Street back to life, with a particular focus on attracting a broader mix of professional businesses, entrepreneurial start ups, and high tech firms.

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