Very fast internet on the way for companies in North Brooklyn, Industry City

Here's an update on the city's Connect IBZ initiative.

Industry City, with bikes. (Photo by Brady Dale)

Stupid fast internet may soon be commonplace in parts of Greenpoint, Williamsburg and Industry City, thanks to a public-private partnership between the New York Economic Development Corporation and two telecom companies.
As Technical.ly previously reported, it’s part of an ongoing effort to shrink the city’s digital deserts.
The two internet service providers are both New York City-based companies. Business owners and residents of North Brooklyn will be served by XChange Telecom, and can go here to inquire about availability and pricing. Those in Southwest Brooklyn fall under the domain of Stealth Communications, and can go here to request information. Stealth says it will offer fiber service starting at $250 per month for 1 Gbps of shared service, up to $7,500 per month for 10 Gbps for dedicated service.


Proposed areas of coverage. (Courtesy image)

For reference, good business-quality internet speeds now range from 25 to 50 Mbps. Downloading a 6 GB file, such as a high-definition full-length movie at 25 Mbps takes about 31 minutes. With a 1 Gbps connection, that time is cut down to 48 seconds, and with a 10 Gbps connection, 4 seconds.
Such speeds are way beyond necessary for an average user, but for a company working in big data, those gigabits per second are important. A recent Bain & Company report on big data showed that, “those with the most advanced analytics capabilities are outperforming competitors by wide margins.”
Giving Brooklyn companies a leg up in outperforming the competition is the goal for the NYEDC, which put $1.6 million dollars into the project, called Connect IBZ.
(h/t Observer)

Companies: New York City Economic Development Corporation
Series: Brooklyn

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