By: Matthew Tremblay at 05:14 pm
This past July, CNBC released its America’s Top States For Doing Business, recognizing business prize innovation, nurturing new ideas and building the infrastructure to support them. While it may be surprising to some that the top state for innovation is New York, it’s not so surprising to me. Broadband access plays as critical a role to a state’s infrastructure as transit and energy.
Broadband technology allows businesses to access the latest secure technology and eliminate distance as an obstacle to competitive success. CNBC ‘s report further demonstrates the need for widespread broadband expansion to continue across states – at an accelerated rate – in order for businesses to continue their collective leadership in a critical area of our country’s economic recovery and future success.
Realizing this, Time Warner Cable has led this expedited fiber broadband build-out in key markets throughout many states, including New York where it is the leading provider of broadband technology (such as Digital TV, Phone and Internet services).
Time Warner Cable Business Class (TWCBC) is currently investing approximately $50 million to expand its fiber broadband network in key New York State markets. Throughout 2012, an investment of nearly $25 million is being made to expand its fiber network to established New York City business addresses like the Empire State Building as well as emerging locations like the Brooklyn Navy Yard, Bush Terminal and Long Island City. An additional $25 million is being invested upstate, with an average of $5 to $6 million being invested to expand fiber in each of the Albany, Central New York, Rochester and Buffalo areas.
Fifty-million dollars is also being invested throughout the Carolinas, where TWCBC offers customized offerings to companies leading innovation in sectors including healthcare, education, government, and public safety.
Most important, expansion plans are not exclusive to providing services to large-scale businesses in metro areas. Time Warner Cable Business Class continues to extend its network to areas not currently served by TWCBC, or in some cases, any telecommunications provider. This will provide business of all sizes the ability to stay competitive and keep states like New York State as leaders of innovation and technology.