IGNITE & ECONOMIC DEVELOPMENT
In other cities, partnership with US Ignite has sparked sustainable economic activity. Longer term, applications developed in US Ignite cities (including Burlington) have potential for creating new categories of economic development and wealth.
It’s useful to look at the experience of other US Ignite partner cities as we evaluate the potential economic benefits of BTV Ignite. For example, in Chattanooga, 3,700 new jobs were created over a 3 year period due in large part due to its promotion of its broadband infrastructure.
In Burlington, BTV Ignite can spark new economic development in several ways:
> Accelerate & Retain Local Businesses
Citywide gigabit infrastructure is a competitive advantage for existing businesses, providing speed, network security and stability.
> Attract New Businesses, Relocations, Research Centers and Branch Openings
BTV Ignite hopes to attract new business to the city by promoting Burlington’s sophisticated infrastructure (evaluated as among the strongest in the nation by US Ignite). Ultra-high speed broadband allows companies to apply large-scale analytics and optimize business practices such as equipment design and customer service models.
> Spark Startups
BTV Ignite will highlight local opportunities for development and testing of next generation applications. Startups will form here (especially from Burlington’s dense academic community) while others may relocate to the area. Burlington is one of a handful of communities in the US that can offer a gigabit test bed at scale.
The next generation of Internet applications can be developed in Burlington, anchoring those startups in this community.
> Energize and Anchor Burlington’s Existing Startups
Relationship building and experience sharing is key to startup culture. Thus, even tech startups that don’t need ultra-high speed broadband will benefit from the expanded group of developers drawn to the region via BTV Ignite.
BTV ignite also provides a catalyst for established companies and startups alike to think and do something bigger with their platforms.
> Remote Management
Burlington’s existing gigabit infrastructure offers robust capability for remote management of global businesses. There’s no virtually barrier to living and working in Burlington while growing a truly global business.
> Expand the Pool of Available Local Talent
By fostering tech skills at the high school and college level , as well as drawing new firms to the regions, BTV Ignite will help grow Burlington’s pool of digital talent. This is a critical factor in sustaining Burlington’s current tech sector growth.
> Faster, Safer Business Collaboration
Nearly instantaneous file transfers and system backups are just the start. Gigabit connectivity doesn’t just provide seamless collaboration across the US easier, it also helps right here at home, sharing files in the office and around the city.