Broadband for America Members Named American Investment Heroes
The Progressive Policy Institute released this week its fifth annual ranking of the top 25 non-financial U.S. companies investing the most in America. The combined companies invested an estimated $176.9 billion domestically in 2015 with AT&T, Verizon, Comcast and Time Warner Cable included.
According to the report, the telecom and cable sector continues to lead other industries on the list, with capital expenditures of more than $48 billion in 2015. The internet and technology sector came in third, with combined investments of $30.7 billion.
One noticeable trend from this year’s analysis was that the overall investment growth rate fell from 12.7% to 2.9%. The telecom and cable companies on the list saw a net decrease in capex of 1.3 percent in 2015 compared to 2014, which could result from recent regulatory decisions and the resulting cloud of uncertainty.
The authors of the report noted, “While it’s far too soon to draw a direct connection between regulatory changes by the FCC and spending by the telecom industry, it seems possible that the prospect of continued regulatory upheavals—including the potential for rate regulation—is influencing capital investment in the U.S.”
Broadband for America applauds all investment heroes, especially the broadband companies that continue to drive America’s economy and invest in the country’s broadband future.