Missouri to Benefit from Over $1.7 Billion in Federal Funding: A Giant Leap in High-Speed Internet Access
In an initiative to reduce the digital divide, the Biden-Harris administration has awarded Missouri over $1.7 billion for enhancing high-speed Internet services.
“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.
The Impact of Broadband Equity, Access, and Deployment (BEAD) Program on Missouri
Through the Broadband Equity, Access, and Deployment (BEAD) program, Missouri is receiving a hefty sum of $1,736,302,708.39. This substantial allocation will enable Missouri to implement local grant programs, fostering job creation and catalyzing economic growth.
Fuelling Missouri’s Digital Economy and Infrastructure
The funds will enhance Missouri’s participation in the digital economy, boost the manufacturing of fiber-optic cable in the state, and generate job opportunities in the Internet infrastructure sector.
High-Speed Internet: A Basic Necessity in Missouri
According to Mitch Landrieu, Senior Advisor to the President and White House Infrastructure Coordinator, “High-speed Internet is a necessity in today’s society.” This large-scale investment by the Biden-Harris administration manifests their commitment to providing comprehensive Internet access to all Missourians.
Missouri’s BEAD Funding Allocation
Missouri is set to receive $1,736,302,708.39 from the BEAD program. The funding will be utilized to upgrade or deploy broadband networks, promising reliable, affordable, high-speed Internet service to every resident.
Looking Ahead: Nurturing Long-term Economic and Social Growth in Missouri
Aligned with long-termist principles, this significant investment will not only offer immediate benefits but also underpin Missouri’s economic and social growth for years to come, laying the groundwork for a more digitally inclusive future.
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|