Robert Besser
01 Aug 2022, 12:29 GMT+10
WASHINGTON D.C.: As part of the drive to expand internet access nationwide, President Joe Biden's administration has announced the availability of $401 million to enable 31,000 rural residents and businesses in 11 states to access the internet.
"With this money, we are one step closer to President Biden's ambitious goal of affordable and reliable internet for all," said Mitch Landrieu, White House infrastructure coordinator.
Also this week, Vice President Kamala Harris traveled to New York to announce formation of the Economic Opportunity Coalition comprising 23 companies and foundations, with the aim of investing billions of dollars into low-income communities.
The purpose of the group is to "address economic disparities and accelerate economic opportunity in communities of color and other underserved communities," the White House said, adding that the founding members of the coalition include Ariel Investments, Bank of America, BNY Mellon, Capital One, Citi, Discover, Ford Foundation, Goldman Sachs, Google, Key Bank, Kresge Foundation, Mastercard, McDonald's, McKinsey & Company, Micron, Momentus Capital, Moody's, Netflix, PayPal, PNC, the Rockefeller Foundation, TIAA and Upstart.
The ReConnect Program, a fund dispersed by the U.S. Agriculture Department (USDA), will provide the $401 million in loans and grants.
The program will support high-speed internet projects throughout the nation.
Get a daily dose of North Korea Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to North Korea Times.
More InformationWASHINGTON D.C.: After several high-profile near collision incidents, the US Federal Aviation Administration (FAA) has issued a safety alerts to ...
PHNOM PENH, Cambodia: Two Cambodian opposition figures--- Yim Sinorn and Hun Kosal--- have been charged under the country's rarely used ...
WASHINGTON D.C.: The US Supreme Court has ruled that a deaf student in Michigan can sue his public school district, ...
MANILA, Philippines: Under a defense agreement with the U.S., four new military bases will be located in various parts of ...
WASHINGTON D.C.: The US Centers for Disease Control and Prevention (CDC) has reported that infections by the potentially deadly fungus ...
WASHINGTON D.C.: The US Supreme Court will hear a trademark dispute over a dog toy shaped like a Jack Daniel's ...
BENTON, Arkansas: Reuters reported that due to a reduction or elimination in evening and weekend shifts, Walmart will lay off ...
MOSCOW, Russia: As western automakers have left Russia since the start of the Ukraine war, the Chinese have rushed in ...
LONDON, England: Reuters has reported that struggling Virgin Orbit, owned by billionaire Richard Branson, is nearing a $200-million investment deal ...
NEW YORK CITY, New York: To comply with the requirements of the "Made in America" laws, a $7.5 billion federal ...
LONDON, England: During a Bloomberg conference held in London this week, Luke Ellis, CEO of hedge fund Man Group, said ...
NEW YORK, New York - Wall Street jumped on Friday, although gains were modest after bank shares in Europe came ...