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Stock impact report

Rural Areas Are Looking for Workers. They Need Broadband to Get Them. [New York Times, The]

SVMK INC COMMON (SVMK) 
Last svmk inc common earnings: 2/13 04:02 pm Check Earnings Report
As a manufacturer of asphalt paving equipment, Weiler is exactly the type of company poised to benefit if the federal government increases spending on roads and bridges. But when Patrick Weiler talks about infrastructure, the issue he brings up first has next to nothing to do with his company's core business. It's broadband internet service. Weiler is based in Marion County, Iowa, a rural area southeast of Des Moines. Internet speeds are fine at the company's 400,000-square-foot factory, because Weiler paid to have a fiber-optic cable run from the nearby highway. But that doesn't help the surrounding community, where broadband access can be spotty at best. That is a problem for recruitment — already one of the biggest challenges for Weiler and many other rural employers. “How do you get young people to want to move back into these rural areas when they feel like they're moving back into a time frame of 20 years ago?” asked Mr. Weiler, the company's founder and chief executive. Show less Read more
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