Kicking off rural tour, Biden announces broadband cash
On the first stop of the Obama administration's summer tour of rural America, Vice President Biden announced today that $4 billion in economic stimulus cash will be available in loans and grants to help bring broadband Internet service to unserved and underserved communities.
Of that amount, the Agriculture Department will invest $2.5 billion for broadband -- needed for quick downloading of videos and other web material -- in rural communities.
“Today’s announcement is a first step toward realizing President Obama’s vision of a nationwide 21st-century communications infrastructure – one that encourages economic growth, enhances America’s global competitiveness and helps address many of America’s most pressing challenges,” Biden said in Wattsburg, Pa.
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