Operator
Good day, and welcome to the WESCO First Quarter 2021 Earnings Conference. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the conference over to Leslie Hunziker, Senior Vice President, Investor Relations and Corporate Communications. Please go ahead.
Leslie Hunziker
Senior Vice President of Investor Relations and Corporate Communications
Thank you, and good morning, everyone. Before we get started, I want to remind you that certain statements made on this call contain forward-looking information. Forward-looking statements are not guarantees of performance and by their nature, are subject to inherent uncertainties. Actual results may differ materially. Please see our webcast slides as well as the company s SEC filings for additional risk factors and disclosures. Any forward-looking information relayed on this call speaks only as of this date and the company undertakes no obligation to update the information to reflect t
Deloitte: Widespread broadband infrastructure critical to the US economy
Deloitte study finds that increased broadband coverage, adoption and speed is needed to create more US jobs and GDP, but warns of diminishing returns due to lack of widespread, high-quality broadband access
Share this item with your network: By Published: 05 May 2021 16:15
A Deloitte study has found that additional broadband coverage, adoption and speed are all accretive for incremental growth of US jobs and GDP, but warned that – despite that more than $100bn of US infrastructure investment over the past decade – a digital divide still presents a significant gap.
The study,
Quantifying the economic impact of closing the digital divide, looked at the criticality of broadband infrastructure to the US economy, providing insights into the benefits associated with various broadband speeds and adoption rates to optimise economic and social benefits, while also reducing inefficiencies.
That’s why we believe my legislation, the Broadening Online Opportunities through Simple Technologies (BOOST) Act (H.R. 1362), can provide a faster way for American families to get more reliable Internet service in their homes. Simply put, it would create a one-time refundable tax credit of up to $300 for the household purchase of a simple signal booster or mobile hot-spot equipment.
Who would be impacted?
Students who are stuck at home during the pandemic, struggling to keep up with their schoolwork.
Employees working from home, trying to log on to video or web conferencing calls or work collaboratively with their coworkers on projects.
That’s why we believe my legislation, the Broadening Online Opportunities through Simple Technologies (BOOST) Act (H.R. 1362), can provide a faster way for American families to get more reliable Internet service in their homes. Simply put, it would create a one-time refundable tax credit of up to $300 for the household purchase of a simple signal booster or mobile hot-spot equipment.
Who would be impacted?
Students who are stuck at home during the pandemic, struggling to keep up with their schoolwork.
Employees working from home, trying to log on to video or web conferencing calls or work collaboratively with their coworkers on projects.