The Fiber to the Home (FTTH) Council Americas released results of a study during the FTTH Connect 2015 conference, finding that access to fiber may increase home values by up to 3.1%.
The study which utilized the National Broadband Map and a nationwide sample of real estate prices from 2011 to 2013 predicted a typical home with access to fiber could increase in value by $5437.
This is not the first study which showcases the benefits of fiber, other studies have linked increased investment in broadband networks with improved economic development. In 2014 the FTTH Council released a study which showed that communities with gigabit internet had a higher per capita GDP.
“The evidence is mounting: investment in fiber improves the economic performance of a community as well as its quality of life,” said FTTH Council President and CEO Heather Burnett Gold. “Around the United States, leaders at the local level have started to think about how their community’s Internet infrastructure is a catalyst for economic, educational, and governmental innovation.”
“The benefits of all-fiber, ultra-high bandwidth networks are clear to people in communities where it is deployed,” said FTTH Council Board Chairman Kevin Morgan, “Today’s findings further validate our mission as an organization: to promote investment in and adoption of FTTH services throughout the country creating value for service providers and their customers. We’re looking forward to working with more providers, communities and leaders to make that happen.”
SiFi Networks held two successful events last week to help further educate Pacific Grove on the benefits of the city becoming a FiberCity™.
Last Thursday CEO of SiFi Networks Ben Bawtree-Jobson presented to the Chamber of Commerce.
Ben commented “It was great to meet local businesses and share with them our plans to develop a FiberCity™, to ultimately help them grow their business and carry out daily tasks far more efficiently.”
Ben had lots of interesting and valid questions raised at the meeting, he commented.
“We welcomed the questions brought by the business owners, and hope that they went away with a clear understanding of how we plan to bring a FiberCity™ to Pacific Grove and how much it will benefit them and their business activity.”
Friday and Saturday then saw a public event hosted by SiFi Networks at the Council Chambers. Members of the public were invited to come along and meet the team to find out more about fiber.
Residents were given the opportunity to talk with Ben, CEO and Sara, Marketing and Communications Director for SiFi Networks.
“We were really pleased with the number of people who took time out to come and chat with us” commented Sara.
“It is always great to meet residents, and there were plenty of them who were passionate about Pacific Grove becoming a FiberCity™.”
SiFi Networks will meet with members of the Pacific Grove Chamber of Commerce next Thursday June 9th.
SiFi Networks will present its proposal to make Pacific Grove a FiberCity™ to members of the Chamber and there will also be an opportunity for attendees to take part in a question and answer session following the presentation.
SiFi Networks has been working with Pacific Grove over the past 12 months to establish a sustainable network for the community. There are a series of events taking place in the city next week to ensure that businesses and residents fully understand the proposals.
The events come ahead of the formal proposal that will go before Pacific Grove’s City Council on Wednesday, July 15th.
Ben Bawtree-Jobson, CEO for SiFi Networks who will present the proposal next Thursday commented “We are very grateful to be given the opportunity to present to Pacific Grove’s businesses and explain just how much they can benefit from the city becoming a FiberCity™.”
“Residents aren’t being left out either, we have an event on the 10th and 11th July and we welcome anyone to come along and meet us to ask any questions about the network” Ben added.
For more information on the public event please visit our Pacific Grove page on our website – click here
For more information on the Chamber of Commerce event – click here