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BAY -TECH INITIATIVE (BTI) Building Bay County’s Technology Infrastructure for the Future ---PAGE BREAK--- Infrastructure What is BTI? BTI will assure that Bay County does not lag with regard to opportunities for economic growth Foundation of our economy and future will be increasingly affected by our technology infrastructure ---PAGE BREAK--- Technology Infrastructure Growth ---PAGE BREAK--- Technology Infrastructure ---PAGE BREAK--- Economic Impact The U.S. Federal Communications Commission says, "Like electricity a century ago, broadband is a foundation for economic growth, job creation, global competitiveness, and a better way of life," Job Creation Workforce Education ---PAGE BREAK--- Users Business Military Education HealthCare Research Institutions ---PAGE BREAK--- Benefactors BDA FSU CPC GCSC NSA-PC CPCB TDC The St Joe Company Gulf Power Company RESTORE EDA ---PAGE BREAK--- ROI $5billion investment in broadband creates 250,000 new jobs Jobs in the building and expansion of BTI type projects pay 42% above the average manufacturing job Among U.S. states, every 1 percent increase in broadband penetration projected an annual employment increase of 0.2 to 0.3 percent. 1. Economic effects, including increased innovation and productivity in business 2. Social effects, including better access to services and improved healthcare 3. Environmental effects, including more efficient energy consumption ---PAGE BREAK--- Why? ---PAGE BREAK--- The Probable Cost Bruce to FSU-PC & GCSC and Bay District Schools NSA-PC 1,777,695 2,461,615 FSU-PC & GCSC to The City of Panama City 802,830 1,111,697 The City of Panama City to Tyndall Air Force Base 745,485 1,032,291 With County Conduit Without County Conduit ---PAGE BREAK--- The Plan Build off of existing grants ( DIG 250K – 500K) to implement BTI Benefactors to partner as co-applicants in grant applications ---PAGE BREAK--- Brian Mefford, CEO of Connected Nation, observed that, "companies searching for new places to expand their business will dismiss a community that doesn't meet a certain threshold for broadband availability. They also look at the community's profile for broadband use as an indicator of workforce sophistication."