A Generous $664 Million Pledged to Uplift High-Speed Internet in New York State
The Biden-Harris administration has earmarked over $664 million to advance high-speed Internet across the state of New York.
“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.
New York State and the Broadband Equity, Access, and Deployment (BEAD) Program
Under the Broadband Equity, Access, and Deployment (BEAD) program, New York State has received an allocation of $664,618,251.49 to ameliorate its Internet services and invigorate economic expansion.
Igniting New York’s Digital Expansion and Infrastructure
The BEAD funding is intended to kindle New York’s digital economy, boost local fiber-optic cable manufacturing, and spur job creation within the Internet infrastructure sector.
High-Speed Internet: An Essential for New York
Mitch Landrieu, Senior Advisor to the President and White House Infrastructure Coordinator, put it succinctly, “High-speed Internet is a necessity in today’s society.” This investment showcases the Biden-Harris administration’s dedication to ensuring comprehensive Internet access for all New Yorkers.
BEAD Funding Allocation for New York
New York has been allocated $664,618,251.49 under the BEAD program. These funds will be used to deploy or enhance broadband networks, securing affordable, reliable, high-speed Internet service for all citizens.
Long-Term Implications: Facilitating Social and Economic Growth in New York
By embodying the principles of long-termism, this investment extends beyond immediate benefits and seeds enduring social and economic development in New York. It lays the groundwork for a future where digital inclusivity is the norm.
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|