From Information Week

Funds would be on top of the $7.2 billion already committed to bring high-speed Internet to underserved areas.


Nearly $800 million in new loans and grants to expand broadband connections has been announced by President Obama, who previously had committed $7.2 billion to bring broadband to underserved Americans.

The President said the 66 new infrastructure projects would result in the direct creation of 5,000 jobs while also working to help economic development in many of the nation's communities that are suffering the most from the economic recession.

The new grants provide something for every state in the union as well as for the District of Columbia. The United States continues to drop behind other nations in broadband access and Obama and Federal Communications Commission chairman Julius Genachowski have vowed to improve the country's access to broadband.

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