Report: High Speed Broadband Provides Key Returns for Small Biz

Groups looking to free up more spectrum for broadband released a report saying a small business start-up could save over $16,000 by using high-speed broadband. Saying broadband was an entrepreneurship booster the Internet Innovation Alliance (AT&T and fiber supplier Corning are members) and the Small Business and Entrepreneurship Council broke out the savings.

The report estimated the cost of high-speed at $490. The report put the total savings ($16,550.52) at about 33.37% of the total start-up cost. They include on printing services, Web and logo design, office space vs. working out of the home, travel costs and newspaper subscriptions. The report said broadband would reduce start-up costs, thus lowering barriers to entry and freeing up more money for revenue-generation and preserving capital for future investment.