Biden administration announces $400 million investment in high-speed internet for rural communities

  • 📰 CNN
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

The Biden administration announced it would be directing more than $400 million in loans and grants to support high-speed internet projects for rural communities -- funding which is expected to reach about 31,000 families and businesses across 11 states.

"Rural communities are the backbone of our nation and have a broad impact on our economy, but for too long, rural communities have been left out or left behind and under-recognized for their contributions. We're changing that, and it starts with making sure that rural communities are connected to affordable, reliable high-speed internet," White House Bipartisan Infrastructure Law Coordinator Mitch Landrieu said on a call with reporters.

Catherine Cortez Masto said on the call that a portion of the funding will go to projects in her state, including"$21.7 million that will go to improve broadband access in rural Lovelock, Nevada."The project, she said, will connect some 4,000 people, 130 businesses, 22 farms and seven public schools across rural Nevada to high-speed internet.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines