Fortune

President Biden is providing the funding to bridge the digital divide but one rule could squander this opportunity

Twenty-five years ago, when I headed up the National Telecommunications and Information Administration (NTIA), my colleagues and I identified what has come to be known as the digital divide while researching the growing gap between the haves and have-nots of internet access. Back then, we never dreamed that the US government would one day commit $42 billion dollars in the form of the Broadband Equity, Access, and Deployment (BEAD) Program to close the divide. Yet, the Biden administration and Congress have provided the focus and the funds we need to get every American online.

Want to solve America’s problems? Start with broadband

In October 1944, my grandfather William B. Benton delivered a clarion call in the pages of Fortune magazine. On behalf of the Committee for Economic Development (CED), a national coalition of business leaders, he offered a forward-looking agenda to deliver a more peaceful and prosperous future for all Americans—not just a few. At the time, that future was difficult to imagine. Fifteen years prior, the Great Depression had roiled the American economy, driving unemployment rates to almost 25% in 1933.

The $50 Billion 5G Battle: The Wireless Industry Needs More Airwaves, But It’s Going to Be Costly

As the big wireless companies roll out super-fast 5G technology, they're facing a significant crunch in airwave spectrum to cover the whole country. There's a possible swath of airwaves that they're eying to solve the problem, but other communications industry players don't want to surrender the space easily. The years-long battle, which is now playing out at the Federal Communications Commission, pits some of the most powerful players in Washington, D.C. on opposite sides.