$1.5 Billion Infusion to Amplify High-Speed Internet Accessibility in North Carolina
The Biden-Harris Administration has announced an allocation of over $1.5 billion to enhance high-speed Internet access throughout North Carolina.
“What this announcement means for people across the country is that if you don’t have access to quality, affordable high-speed Internet service now – you will, thanks to President Biden and his commitment to investing in America,”Secretary of Commerce Gina Raimondo.
North Carolina and the Broadband Equity, Access, and Deployment (BEAD) Program
The Broadband Equity, Access, and Deployment (BEAD) program has committed $1,532,999,481.15 to strengthen Internet services and foster economic growth in North Carolina.
Advancing Digital Access and Economy in North Carolina
The BEAD funding is set to propel North Carolina’s digital economy, stimulate local fiber-optic cable production, and cultivate job opportunities within the Internet infrastructure arena.
High-Speed Internet: A Necessity for North Carolina
In the words of Mitch Landrieu, Senior Advisor to the President and White House Infrastructure Coordinator, “High-speed Internet is a necessity in today’s society.” This substantial investment underscores the Biden-Harris administration’s commitment to providing high-speed Internet access to all North Carolinians.
BEAD Funding Allocation for North Carolina
North Carolina has been granted $1,532,999,481.15 through the BEAD program. These funds will be channeled to enhance broadband networks, assuring affordable, reliable, high-speed Internet service for all residents.
Long-Term Implications: Bolstering Social and Economic Progress in North Carolina
Reflecting long-termism principles, this financial investment nurtures more than immediate returns—it paves the way for sustained social and economic growth in North Carolina, fostering a future where digital inclusivity is a reality.
State allocations and funding details
In total $42.45 billion in funds will be allocated to all 50 states, the District of Columbia, and five territories.
A detailed list of funding allocations for each state, D.C., and the territories can be found on InternetForAll.Gov.
Here’s how it breaks down:
|District of Columbia||$100,694,786.93|
|Northern Mariana Islands||$80,796,709.02|
|U.S. Virgin Islands||$27,103,240.86|