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Obama To Boost U.S. Broadband Access

Washington, DC — President Obama plans to award $2 billion in grants and loans over the next 75 days in an effort to expand America’s broadband Internet access, as well as, create tens of thousands of jobs.

“Broadband touches nearly every aspect of the U.S. economy, providing Americans with unprecedented opportunities in employment, education, health care, entrepreneurship, and civic participation,” the White House National Economic Council said in a report released to coincide with the announcement.

“These critical broadband investments will create tens of thousands of jobs and stimulate the economy in the near term,” the report said.

“The new broadband access will help underserved and often hard-hit communities overcome the distance and technology barrier by expanding connectivity between educational institutions, enabling remote medical consultations and attracting new businesses as well as the jobs that come with them.”

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