What's more, with a strong financial shot in the arm, rural towns and suburbs could begin offering broadband to attract companies in addition to offering lower office rents than those demanded in big cities, Settles said.

That kind of economic growth in new locations could lure companies to build in the U.S., rather than moving jobs abroad, Settles said.

Asked whether the stimulus plan could mean call centers such as those in Mumbai could start showing up in central Kansas, Settles said, "It depends on how fast the stimulus works, but there is pent-up demand in the U.S. for broadband. If a company wanted to expand a business, broadband could decide if they go to rural Kansas rather than Milwaukee and would be a driver to get a company to open a business in a smaller community with less overhead. Generally, it might still be cheaper to go abroad, but broadband would help companies afford to build not just call centers but IT service operations."

Opening such businesses in the U.S instead of abroad would certainly lessen "administrative hassles," he added.

The broadband provision of the stimulus package requires governments and entities to use broadband construction funds within two years of receiving a grant under the plan. A big question is how two government agencies, the National Telecommunications and Information Administration of the U.S. Department of Commerce and the U.S. Department of Agriculture's Rural Utilities Service, will set up details for the requests for proposals to get access to the funds. Decisions on those details are expected to be posted on the Obama administration's in the next 60 days or so.