• The New York Times, Monday, September 13, 2010 1:43 PM

Potentially putting the country's biggest cities to shame, Chattanooga, Tenn. plans to offer local businesses Web service of up to one gigabit a second by year's end. "That is 200 times faster than the average broadband speed in America," reports The New York Times. The only problem? The service will cost $350 a month -- "a price that may appeal to some businesses but few households."

According to The Times, "Chattanooga's effort is the byproduct of an aggressive high-tech economic development plan in recent years, helped along by funds from the federal economic stimulus program." As The Times notes, the initiative comes at a time of increasing debate among communities, countries and corporations about how best to pursue the next generation of broadband, which is closely tied to both corporate and entrepreneurial innovation.

Read the whole story at The New York Times »