$795 Million in New Broadband Grants

On July 3, President Barack Obama announced investment in sixty-six new Recovery Act broadband projects nationwide that, according to the grantees, will not only directly create approximately 5,000 jobs up front, but will also help spur economic development in some of the nation's hardest-hit communities, helping create jobs for years to come.

In total, tens of millions of Americans and over 685,000 businesses, 900 healthcare facilities and 2,400 schools in all fifty states stand to benefit from the awards. The $795 million in grants and loans through the Departments of Commerce and Agriculture have been matched by over $200 million in outside investment, for a total public-private investment of more than $1 billion in bringing broadband service to these communities, most of which currently have little or no access, to help them better compete and do business in the global marketplace.