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New US Broadband Projects Get $795 Million In Funding

Posted by Soulskill on from the take-that-finland dept.

snydeq writes "The Obama administration has announced nearly $795 million in grants and loans to 66 new broadband projects across the nation. The subsidies — to be doled out by the US NTIA and the US Rural Utilities Service — will bring broadband service to 685,000 businesses, 900 health-care facilities, and 2,400 schools, according to officials. The NTIA will award $404 million to 29 projects, and the grants will finance 6,000 miles of new fiber-optic lines. Most of the money will finance middle-mile broadband network projects. The RUS will award $390.9 million, with $163 million in loans and the rest in grants. Most of the RUS money is focused on last-mile broadband projects."

4 of 174 comments (clear)

  1. So how much of this will the telcos steal? by h4rr4r · · Score: 5, Insightful

    How much of this will end up in the pockets of a telco exec and leave us with nothing to show for it?

    You know like every other time we have given these bastards a dime.

    1. Re:So how much of this will the telcos steal? by boneclinkz · · Score: 4, Insightful

      You know like every other time we have given these bastards a dime.

      Seriously. I'm reminded of a pithy quote about the definition of "insanity."

    2. Re:So how much of this will the telcos steal? by h4rr4r · · Score: 4, Insightful

      ,No they promised unlimited but meant 250GB/month.

      So add liars to the list.

  2. Re:New Deal 2K10 by gewalker · · Score: 4, Insightful

    The real trick is trying to figure out any policy difference between Hoover & FDR. An honest look at history (including several of FDR's advisor) admit the new deal was largely a continuation of the policies started by Hoover. FDR himself said that he would have voted for Hoover had he not gotten the nomination.