President Biden announces $42 billion high-speed internet initiative2023-06-27 17:48 by Daniela
President Joe Biden is kicking off a more than $42 billion plan to give every American household access to high-speed internet by 2030. The funds, already allotted by Congress through the Bipartisan Infrastructure Law and overseen by the U.S. Department of Commerce, are slated to be divvied up over the next two years through the Broadband Equity, Access and Deployment program. The initiative is the next stage of Biden's push to invest in America ahead of his reelection bid. The funding will go to all 50 states, Washington, D.C., and U.S. territories, and is aimed at bolstering internet access particularly for the 7% of people who live in underserved areas, according to the White House, which said all residents and small business could be connected to "reliable, affordable high-speed internet by 2030." "With this funding, along with other federal investments, we're going to be able to connect every person in America to reliable high-speed internet by 2030." More than 7% of the country, or more than 8.5 million homes and small businesses, is considered underserved, with internet speed below the government's standards of at least 25 megabits per second for downloads and 3 Mbps for uploads. Read more -here-
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