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Economic Impact
As a $300 billion-a-year industry nationwide, the telecommunications network drives our national and state economy. In Missouri, telecommunications firms make a major contribution to the state through jobs, taxes and support of community organizations.
Missouri's telecommunications network is essential to connect businesses to markets, customers and suppliers. By offering advanced services such as broadband, telecommunications providers help businesses of all sizes operate more efficiently and profitably. Schools, government agencies, and health care centers all rely on the state's telecommunications carriers for essential services.
Some interesting Missouri facts:
- Telecommunications is an estimated $10 billion-a-year industry in Missouri.
- More than 950 companies are engaged in telephone, cable and wireless communications as providers, suppliers and contractors.
- The industry provides more than 45,000 jobs in the state.
- Total telecommunications payroll is approximately $2.2 billion annually.
- The telecommunications industry pays more than $300 million in sales, property, gross receipts and income taxes each year to state and local governments in Missouri.
Innovation and competition in telecommunications services will continue to reap benefits for Missouri citizens. Ongoing developments across wireline, wireless and Internet services will continue to revolutionize the way Missourians communicate and do business.
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