The Federal Reserve recently raised its benchmark interest rate by 0.75 percent, the biggest increase since 1994. The interest rate is still low by historical standards, with the fed rate now at 1.75 percent. But there is a lot of talk among economists that the fed rate will likely increase to as much as 3.5 percent in 2022 and possibly 4 percent in 2023.
Kansas Lieutenant Governor and Commerce Secretary David Toland announced that Jade Piros de Carvalho will serve as the new Director of the Office of Broadband Development. Jade Piros de Carvalho is a seasoned broadband executive with experience in government affairs, community relations, business development and marketing for the Kansas-based rural broadband provider, IdeaTek. Along with managing advocacy efforts for broadband expansion policy, Piros de Carvalho also spearheaded digital equity efforts for the company.
The National Telecommunications and Information Administration (NTIA) announced that it has awarded Michigan State University over $10 million from the Broadband Infrastructure Program, part of the Biden Administration’s Internet for All initiative. The grant, totaling $10.5 million, will fund middle mile fiber infrastructure expansion in partnership with last mile internet service providers in the state of Michigan. The project will take place in 74 counties, enabling a total of 103 access points with almost 70,000 census blocks and over 120,000 unserved locations.
Today's broadband news
When you think of data centers, you probably picture a giant server farm in a rural area where electricity is cheap and tax breaks are plentiful. Big tech companies like Google, Amazon Web Services, Microsoft, and Meta have placed millions of square feet worth of server space in places like Northern Virginia or Hillsboro, Oregon. But now, to reduce lag times, companies are increasingly weaving nodes in their network into the fabric of cities.
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