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Biden declares nearly $42 billion increased pace internet industry

June 27, 2023: President Joe Biden is booting off over $42 billion plan to give every American household entry to high-speed internet by 2030.

The funds, already allocated by Congress through the Bipartisan Infrastructure Law and overseen by the U.S. Department of Commerce, are slated to be divvied up over the next two years through the Broadband Equity, Access, and Deployment program.

The initiative is the next stage of Biden’s push to invest in America ahead of his reelection bid.

“Let us agree in 21st century America, high-speed data is not a luxury; it’s a need,” said Vice President Kamala Harris speaking at the White House.

“Whether it’s connecting people to the digital economy, manufacturing fiber optic cable in America, or creating good-paying jobs building internet infrastructure in the states, the investments we’re announcing will increase our competitiveness and spur economic growth across the country for years to come,” said Secretary of Commerce Gina Raimondo.

Each state will receive a minimum of $107 million, with 19 receiving over $1 billion. Texas is slated to receive more than $3.3 billion under the program.

White House officials compared the plan to Franklin D. Roosevelt’s effort to bring electricity to rural America in the 1930s.

“Put simply, high-speed internet is necessary for today’s society,” said Mitch Landrieu, White House infrastructure coordinator. “President Biden and Vice President Harris are meant to leave no community behind as we connect everyone in America to high-speed internet.”

More than 7% of the country, or more than 8.5 million homes and small businesses, is considered underserved, with internet speed below the government’s standards of at least 25 megabits per second for downloads and 3 Mbps for uploads.

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