• Home
  • Telecom
  • Telecom News
  • US Announces $400 Million in Funding to Expand Internet Access to Rural Residents, Businesses

US Announces $400 Million in Funding to Expand Internet Access to Rural Residents, Businesses

The funding will help provide high-speed Internet access to 31,000 rural residents and businesses in 11 states.

US Announces $400 Million in Funding to Expand Internet Access to Rural Residents, Businesses

Kamala Harris is traveling to New York to announce formation of the Economic Opportunity Coalition

Highlights
  • Biden administration announces $400 million for rural Internet
  • This come as part of Biden's drive to expand access to the Web
  • Economic Opportunity Coalition includes 23 companies and foundations

President Joe Biden's administration announced on Thursday that it will provide $401 million (roughly Rs. 3,195 crore) to provide access to high-speed Internet for 31,000 rural residents and businesses in 11 states, as part of Biden's drive to expand access to the Web.

"With this money we are one step closer to President Biden's ambitious goal of affordable and reliable Internet for all," Biden's infrastructure coordinator Mitch Landrieu told reporters.

At the same time, Vice President Kamala Harris is travelling to New York on Thursday to announce formation of the Economic Opportunity Coalition, a coalition of 23 companies and foundations, with the aim of investing billions of dollars into low-income communities.

The aim of the group, the White House said, will be to "address economic disparities and accelerate economic opportunity in communities of colour and other underserved communities."

The White House said founding members of the coalition include Ariel Investments, Bank of America, BNY Mellon, Capital One, Citi, Discover, Ford Foundation, Goldman Sachs, Google, Key Bank, Kresge Foundation, Mastercard, McDonald's, McKinsey & Company, Micron, Momentus Capital, Moody's, Netflix, PayPal, PNC, The Rockefeller Foundation, TIAA, and Upstart.

The $401 million in loans and grants comes from the ReConnect Programme, a fund dispersed by the US Agriculture Department. It will support high-speed Internet projects in Alaska, Arizona, Arkansas, California, Colorado, Idaho, Montana, New Mexico, Nevada, North Dakota and Texas, USDA said.


Why is 5G taking so long? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

CESL to Set Up 810 EV Charging Stations on 16 Highways, Expressways: All Details
Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.