Biden reveals $2 billion in broadband grants

Technology.am (17 Dec 2009) — Vice President Joe Biden on Thursday is programmed to proclaim $2 billion in grants that will be used to assemble broadband networks in underserved communities.

joe-bidenThe financial support, which is an element of the $7.2 billion that was set aside for broadband in President Obama’s $787 billion economic recovery transaction previously this year, will begin with an original $182 million investment in 18 broadband projects across 17 states. Biden is announcing the incentive grants in Dawsonville, Ga.

The money is specially meant to increase reasonable broadband access to underserved areas of the U.S. Officials didn’t name which companies will be receiving the grants that were to be announced on Thursday.

From BlackBerry Smartphone to broadband Internet connections, President Obama understands that technology is an imperative economic and educational driver. High speed Internet access is seen as the foundation stone of the president’s technology program, and he has emphasized the requirement for getting reasonably priced broadband access to every American.

“The latest broadband access will assist underserved and often hard-hit communities conquer the distance and technology obstacle by increasing connectivity among educational institutions, enabling distant medical consultations, and attracting fresh businesses and the jobs that come with them,” the White House said in a statement.

The Federal Communications Commission is at present functioning on developing a national broadband plan that will offer a road map for achieving the objective of getting each American reasonable access to high-speed Internet. A complete report on the plan is due to Congress in mid-February.

Blair Levin, who is heading up the task force developing the national broadband plan for the FCC, has anticipated that it could take to the extent of $20 billion to $350 billion to attain the final objective of ever-present broadband access. But he has accepted openly on numerous occasions that the bulk of the investment will come from the private sector.

Still, at a conference at the FCC on Wednesday, he said government backing will be essential in places where the private sector is not capable to come across a feasible business case.

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