Broadband Stimulus

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NTIA approves $795 Million for Broadband Stimulus

U.S. President Barack Obama’s administration will announce nearly $795 million in grants and loans for broadband deployment projects across the nation on Friday, officials with two federal agencies said.

The U.S. National Telecommunications and Information Administration (NTIA) and the U.S. Rural Utilities Service (RUS) will officially announce awards for 66 new broadband projects that will touch all 50 states, Obama administration officials said. The money, from the American Recovery and Reinvestment Act passed by the U.S. Congress in early 2009, is expected to create or save about 5,000 jobs, officials said.

The new awards will enable farmers to better track crop prices, enable rural health-centers to offer telemedicine services, and allow schools to provide distance learning services, added Tom Vilsack, secretary of the U.S. Department of Agriculture, the parent agency of the RUS. “It will also allow us to keep the United States at the center of innovation, and keep the compan..

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