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Learning from the Growth of the Internet — the New Broadband Grants

The White House – “Today, Vice President Biden is in Georgia to kick off over $2 billion in Recovery Act grants and loans to bring broadband to communities that currently have little or no access to the technology, all rolled out over the next 75 days. The initial $182 million investment announced today is for eighteen broadband projects benefiting seventeen states, and has already been matched by over $46 million in private capital. We in the National Economic Council are releasing a new report (pdf) called “Recovery Act Investments in Broadband: Leveraging Federal Dollars to Create Jobs and Connect America.” The report explains the Administration’s strategy for using stimulus dollars wisely to get the biggest return on investment, in terms of jobs and exciting new opportunities for Americans.”

Read the NEC Report

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