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Biden announces $2 billion in broadband grants
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12/17/09 08:00 AM ET
Vice President Joe Biden will today announce more than $2 billion in stimulus grants and loans to be given out over the next two and a half months. The money is intended to bring broadband to communities that have little or no access.
Today, in Dawsonville, Ga., Biden is expected to anounce an initial $182 million investment in 18 broadband projects in 17 states. The White House says the grants have been matched by $46 million in private money.
In rural areas that are hard hit by the slumping economy, the grants are designed to expand access to educational institutions, media centers and new businesses.
The Recovery Act has already designated $7.2 billion in broadband investments--$4.7 billion through the Commerce Department and $2.5 billion through the Department of Agriculture.
There are four types of awards being made on Thursday:
Today, in Dawsonville, Ga., Biden is expected to anounce an initial $182 million investment in 18 broadband projects in 17 states. The White House says the grants have been matched by $46 million in private money.
In rural areas that are hard hit by the slumping economy, the grants are designed to expand access to educational institutions, media centers and new businesses.
The Recovery Act has already designated $7.2 billion in broadband investments--$4.7 billion through the Commerce Department and $2.5 billion through the Department of Agriculture.
There are four types of awards being made on Thursday:
* Middle Mile Awards -- Build and improve connections to communities lacking sufficient broadband access.
* Last Mile Awards -- Connect end users like homes, hospitals and schools to their community’s broadband infrastructure (the middle mile).
* Public Computing -- Expand computer center capacity for public use in libraries, community colleges and other public venues.
* Sustainable Adoption -- Fund innovative projects that promote broadband demand.
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