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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Obama announces broadband grants to spur jobs Reuters - Saturday, July 3 Send IM Story Print WASHINGTON - U.S. President Barack Obama announced on Friday nearly $800 million in loans and grants for the build-out of broadband networks to reach homes, schools and hospitals. The grants and loans, which will be matched by another $200 million in private investment, is part of Obama's roughly $800 billion federal stimulus package, which includes $7.2 billion for broadband expansion projects. Obama said the 66 new infrastructure projects will directly create 5,000 jobs and help spur economic development in some of the nation's hardest-hit communities. The announcement comes amid news that U.S. employment fell for the first time this year in June as thousands of temporary census jobs ended and private hiring grew less than expected. "Once we emerge from the immediate crisis, the long-term economic gains to communities that have been left behind in the digital age will be immeasurable," Obama said at Andrews Air Force Base in Maryland. The departments of Agriculture and Commerce are administering a total of $7.2 billion in grants and loans for projects in 50 states and Washington, D.C. Increasing broadband access to rural and low-income families and small businesses is a major part of the National Broadband Plan issued by the Federal Communications Commission earlier this year. The FCC plan set several goals to increase the number of people who have subscribed to high-speed Internet, provide greater access to families and institutions that lack broadband and help wireless companies get more airwaves to meet the expected growth in wireless devices. The projects Obama announced will include laying communications lines to homes, hospitals and schools and expanding computer facilities in libraries, community colleges and other public areas. The White House said with Friday's projects, more than $2.7 billion in broadband grants and loans will have been awarded to more than 260 projects across the country since December 2009. "Broadband can remove geographic barriers between patients and their doctors,' Obama said. "It can connect our kids to the digital skills and 21st century education required for the jobs of the future." Recommend Send IM Story Print Related Articles The Times starts charging for online content AFP - Saturday, July 3 China hits out at EU modem probe AFP - Saturday, July 3 Apple to issue patch for iPhone 4 antenna woes AFP - Saturday, July 3 US-TECH Summary Reuters - Saturday, July 3 Obama announces broadband grants to spur jobs Reuters - Saturday, July 3 News Search Top Stories World's biggest cake melting in Paris heatwave Falling unemployment fails to quell US recovery fears Russian cargo ship fails to dock with ISS Petraeus arrives in Afghanistan as Taliban attack kills five 3 Russian spy suspects due in US court More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Who's right - the dolphin or the octopus? From boy to man: Cuba's Elian gives thanks 10 years later Lady Gaga leads race to get 10 million on Facebook Falling unemployment fails to quell US recovery fears Naomi Campbell to testify at war crimes court More Most Viewed » Amputee cat gets bionic legs Aussie men shoot each other in buttocks 'to see if it hurts' Fans gather for Michael Jackson death anniversary Disgraced millionaire lobbyist takes pizza job More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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