WEST LAFAYETTE, Ind. (WLFI) — Research shows better access in rural areas could reach $12 billion in net economic benefits over a 20-year period.
Purdue, Indiana Electric Cooperatives, and Tipmont REMC are at the head of the latest analysis.
They looked at potential costs and benefits of installing broadband and found for every dollar invested, four dollars returns to the economy.
Five categories were researched, from workforce development to health.
All categories produced some sort of benefit.
The homes that were studied either had dial-up, no internet at all, or some remote internet.
One researcher said broadband access would open up many social and economic benefits.
She added farmers would see this first hand.
“When broadband is provided to farmers it creates benefits in term of things like precision agriculture and it gives them access to pricing schemes and or market where they need to have that information,” said Alison Grant.
Tipmont wants state and federal funding to be able to bring its customers broadband access.