Thursday, January 15, 2009

Economic stimulus measure includes $6 billion down payment on U.S. broadband infrastructure

The House Appropriations Committee today released an outline of the economic stimulus funding bill being readied for President-elect Barack Obama's signature after he takes office next week.

The American Recovery and Reinvestment Bill of 2009 will include $6 billion in grants earmarked for broadband and wireless services in underserved areas of the nation "to strengthen the economy and provide business and job opportunities in every section of America with benefits to e-commerce, education, and healthcare." The summary of the stimulus measure estimates that the $6 billion investment in broadband will produce a $60 billion multiplier effect for the nation's struggling economy.

This is just for starters. Blair Levin, a technology advisor to the incoming president, told the State of the Net Conference in Washington Jan. 14 that the $6 billion being set aside for broadband in the stimulus legislation represents only a portion of the incoming administration's planned efforts to boost broadband deployment in the U.S.

Update 1/16/08: For details on how the funding is parsed out, here's what I've obtained from the actual draft legislation.

No comments:

Web Analytics