Over $675 Million Pledged to Enhance High-Speed Internet in New Mexico
In a stride towards bridging the digital divide, the Biden-Harris administration is infusing over $675 million to improve high-speed Internet across New Mexico.
“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 Mexico and the Broadband Equity, Access, and Deployment (BEAD) Program
As part of the Broadband Equity, Access, and Deployment (BEAD) program, New Mexico has been allocated $675,372,311.86 to enhance its Internet services and stimulate economic growth.
Fueling New Mexico’s Digital Growth and Infrastructure
This BEAD funding aims to power New Mexico’s digital economy, promote domestic fiber-optic cable manufacturing, and create job opportunities within the Internet infrastructure domain.
High-Speed Internet: A Necessity for New Mexico
Echoing the sentiment of Mitch Landrieu, Senior Advisor to the President and White House Infrastructure Coordinator, “High-speed Internet is a necessity in today’s society.” This investment demonstrates the Biden-Harris administration’s commitment to guaranteeing comprehensive Internet access for all New Mexicans.
BEAD Funding Allocation for New Mexico
New Mexico has been awarded $675,372,311.86 under the BEAD program. This will be used to develop or upgrade broadband networks, ensuring affordable, reliable, high-speed Internet service for all residents.
Long-Term Implications: Fostering Social and Economic Growth in New Mexico
By practicing the principles of long-termism, this investment not only presents immediate benefits but also contributes to enduring social and economic development in New Mexico. It sets the stage for a future where digital inclusivity is a reality for everyone.
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|