New Economic Study Illustrates Positive Economic Impact and Job Growth Potential of AIRWAVES Act
Washington, DC – October 17, 2018 – Today, Competitive Carriers Association (“CCA”) released a new study on the positive economic impact the Advancing Innovation and Reinvigorating Widespread Access to Viable Electromagnetic Spectrum Act (“AIRWAVES Act”) will have on the United States, and particularly for rural America. The study was prepared by telecommunications expert Raul Katz, Director of Business Strategy Research at the Columbia Institute for Tele-Information and President of Telecom Advisory Services LLC, estimating the overwhelmingly positive economic impact the AIRWAVES Act would have if enacted before Auctions 101 and 102.
The study concludes that AIRWAVES would likely generate an estimated $1.4 billion to be invested in rural wireless broadband, which could result in $2.4 billion in additional GDP and 9,700 job years in the short term. Furthermore, additional 4G coverage derived from AIRWAVES investment will grow output by up to $2.45 billion in agriculture, $6.56 billion in healthcare, and $1.75 billion in transportation.
“Through studying the AIRWAVES Act, we have determined significant economic potential of advancing this legislation,” said Dr. Raul Katz. “The additional investment spurred by spectrum auctions after these policies are enacted will produce benefits not only in the telecommunications sector as a whole, but also in several other important sectors for rural economies in particular.”
“In Dr. Katz new study, it is abundantly clear that the AIRWAVES Act will result in significant economic growth and job creation throughout rural America,” said CCA President & CEO Steven K. Berry. “The $1.4 billion estimate is a hugely substantial number, and if enacted before other auctions, including the 3.5 GHz and 3.7 – 4.2 GHz bands, this bill could have an even greater impact. I thank Senators Gardner and Hassan and Representatives Lance, Doyle, Brooks, Welch, Guthrie, Matsui, Walberg, and Clarke, along with over 50 additional bipartisan cosponsors, for their work to ensure rural communities can reap the numerous benefits of high-speed mobile broadband and for recognizing the real economic potential of this important legislation. The AIRWAVES Act certainly will help achieve the important goals of freeing up additional spectrum for broadband and closing the digital divide between rural and urban areas, and I look forward to continued work to move this legislation forward.”
CCA is the nation’s leading association for competitive wireless providers and stakeholders across the United States. The licensed service area of CCA’s nearly 100 carrier members covers 95 percent of the nation. Visit www.ccamobile.org.
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