A study released by the Fiber Broadband Association indicates that fiber broadband has materially benefited Charlottesville, Virginia, highlighting its role in job creation, housing value growth, and digital entrepreneurship. The report offers insights into how fiber broadband can affect communities as federal and state initiatives continue to focus on broadband expansion.

The availability of fiber broadband has notably stimulated economic growth in Charlottesville, boosting sectors like biotechnology, defense, and healthcare. Local small businesses have also found success, while residents gain access to services such as telemedicine and online education. Mayor Juandiego Wade remarked, “Fiber is good for businesses in general, but we have a very vibrant small startup business environment here. Fiber helps them reach outside the boundaries of Charlottesville in a much more robust way.”

Titled “Fiber Anchors Sustained Economic Development: The Charlottesville Impact,” the white paper delves into fiber’s contributions over the last ten years, emphasizing its essential role for economic success.

• Job Creation: Between 2015 and 2019, fiber broadband accounted for approximately 35% of private sector job growth in Charlottesville, resulting in nearly 735 new jobs in various industries.
• Housing Value Growth: The presence of fiber broadband correlates with an estimated annual increase of $4 million in housing values, benefiting homeowners and expanding the local tax base.
• Digital Micro Business Density: Charlottesville exhibits high Digital Micro Business Density, a key indicator of small business vitality, due to reliable, high-speed broadband allowing access to global markets.

Deborah Kish, VP of Research & Workforce Development at the Fiber Broadband Association, noted, “Fiber broadband is more than just an internet connection- it’s the foundation for economic growth and resilience. Charlottesville’s experience demonstrates how long-term investment in fiber infrastructure benefits both urban and rural areas, creating opportunities for businesses, entrepreneurs, and families alike.”

The Charlottesville instance serves as an example of how fiber broadband investment can drive economic growth and enhance quality of life. As communities nationwide prioritize broadband expansion, the lessons from Charlottesville may provide valuable guidance. The full white paper can be downloaded from the Fiber Broadband Association's website.