President Biden’s Massive Infrastructure Plan Calls for $100 Billion in Broadband Funding
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variety.comTodd Spangler NY Digital EditorPresident Biden’s proposed $2 trillion spending plan unveiled Wednesday — designed to modernize and strengthen the U.S.’s infrastructure — earmarks $100 billion in broadband investment over the next eight years.The goal: to give every American access to high-speed internet service before the decade is out.
Today, about 30 million U.S. residents live in areas where there is no access to broadband with minimally acceptable speeds (which the FCC defines as at least 25 Mbps downstream).The White House compared the broadband piece of the spending plan to the 1936 Rural Electrification Act, which brought electricity to nearly every home and farm in the country. “Broadband internet is the new electricity.
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