US spending over $42 billion to make internet access universal by 2030

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US spending over $42 billion to make internet access universal by 2030
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FUNDING THE FUTURE: This is the largest internet funding investment in history.

Storch Advisors CEO Gerald Storch discusses whether rampant retail theft will push more consumers to shop online on 'Varney & Co.'affordable high-speed internetIn what the White House said was the largest internet funding announcement in history, the Department of Commerce announced funding for all 50 states, the District of Columbia and U.S. territories.

Awards range from $27 million to more than $3.3 billion, with every state receiving a minimum of $107 million. The top 10 allocations were in Alabama, California, Georgia, Louisiana, Michigan, Missouri, North Carolina, Texas, Virginia and Washington.supporting manufacturing jobsU.S. President Joe Biden announces a $42.45 billion national grant program for high-speed internet infrastructure deployment called the Broadband Equity Access and Deployment program, at the White House in Washington, U.S., June 26, 2023.

U.S. Secretary of Commerce Gina Raimondo speaks during the The Broadband Event at the White House in Washington D.C., United States on June 26, 2023.

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