Search Results for 'important business tool'

The internet is becoming an increasingly important business tool, and the necessity for companies to operate a quality website is growing exponentially. With more and more consumers turning to the web for research, bargains and also because of the lower cost of broadband the internet is more accessible.

The potential of the National Broadband Scheme currently being rolled out across Ireland by communications company 3 could help transform rural life in County Mayo according to an economic impact report by well known economist Jim Power. The report says that if a high quality and affordable broadband offering like the NBS were to result in the creation of one new SME employing 10 people in each electoral district in Mayo, the economic and financial benefits to the county would be very significant. It would result in the creation of 1,120 jobs; it would result in a net wage injection of €26.9 million into the local economy, which would have an income multiplier effect of up to €53.76 million. It would result in a contribution of €6.72 million to the exchequer, and €896,000 per annum to the local authority. In total it could result in an injection of up to €61.4 million to the local and national economy per annum. Over a five-year period, this would have a net present value of €267.6 million.