TMCnet News
USD 1.2 billion to be invested in 126 broadband infrastructure projects in rural communities(Kuwait News Agency Via Acquire Media NewsEdge) U.S. Agriculture Secretary Tom Vilsack announced here Wednesday the funding of 126 new Recovery Act broadband infrastructure projects that will create jobs and provide rural residents in 38 states and Native American tribal areas access to improved service.The Secretary said in a statement on this occasion that the broadband projects announced today will give rural Americans access to the tools they need to attract new businesses, jobs, health care and educational opportunities.Vilsack added that the Obama Administration "understands that bringing broadband to rural America provides a gateway for businesses and key anchor institutions, such as libraries, schools, public safety and community centers, to provide services to thousands of Americans." "These projects will create jobs building these networks, and the completed systems will provide a platform for rural economic growth for years to come," he affirmed. Up to USD 1.2 billion will be invested in the 126 broadband infrastructure projects through funding made available through the Recovery Act. An additional USD 117 million in private investment will be leveraged, bringing the total funds invested to USD 1.31 billion. U.S. President Barack Obama signed The American Recovery and Reinvestment Act of 2009 into law in February 2009. It is designed to jumpstart the nations economy, create or save millions of jobs, and put a down payment on addressing long-neglected challenges so that the country can thrive in the 21st century. All KUNA right are reserved (c) 2007 Provided by Syndigate.info an Albawaba.com company |