Biden administration announces $400 million for rural internet access

U.S. President Joe Biden arrives to deliver remarks on expanding high-speed internet access, during a Rose Garden event at the White House in Washington, U.S., May 9, 2022. REUTERS/Kevin Lamarque

Register now for FREE unlimited access to Reuters.com

WASHINGTON, July 28 (Reuters) – President Joe Biden’s administration announced on Thursday that it will provide $401 million 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 traveling 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.

Register now for FREE unlimited access to Reuters.com

The aim of the group, the White House said, will be to “address economic disparities and accelerate economic opportunity in communities of color 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 Program, a fund dispersed by the U.S. 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.

Register now for FREE unlimited access to Reuters.com

Reporting By Steve Holland; Editing by Michael Perry

Our Standards: The Thomson Reuters Trust Principles.

Source link

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

21,935FansLike
3,485FollowersFollow
0SubscribersSubscribe

Latest Articles