• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

8 Mistakes to Avoid When Buying Coffee at the Grocery Store

November 8, 2025

15 Short Certificate Programs That Can Open Doors to Higher-Paying Jobs

November 8, 2025

Ex-Trump advisor raises alarm over bipartisan credit card plan that could hurt Americans

November 7, 2025
Facebook Twitter Instagram
Trending
  • 8 Mistakes to Avoid When Buying Coffee at the Grocery Store
  • 15 Short Certificate Programs That Can Open Doors to Higher-Paying Jobs
  • Ex-Trump advisor raises alarm over bipartisan credit card plan that could hurt Americans
  • US household debt hits a new record, NY Fed finds
  • Pols Fear Social Security Reform, But Experts Lean In With Solutions
  • Want to Retire Overseas on a Military Pension? Here Are the 5 Best Places to Stretch Your Dollars.
  • Turn Receipts Into Cash With These 3 Apps
  • Best Lesser-Known Financial Tools for 2026
Saturday, November 8
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » Biden Grants $930 Million In Broadband Federal Funding For Digital Equity
Personal Finance

Biden Grants $930 Million In Broadband Federal Funding For Digital Equity

News RoomBy News RoomAugust 8, 20231 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

The internet isn’t just an accessory in today’s digital age, it’s a necessity. However, not all communities are connected equally. A stark digital divide exists that disproportionately affects African American communities, particularly in rural areas. The Biden administration, in a bid to bridge this digital chasm, recently announced a groundbreaking $930 million grant aimed at expanding rural internet access.

The Breakdown You Need To Know:

Digital divide, the gap between those who have easy access to computers and the internet, and those who do not, is a persisting issue that has been recognized since the mid-1990s, according to CultureBanx. This divide primarily affects Black communities, where about 40% of households lack high-speed, fixed broadband, according to the Ford Foundation. This is in contrast to 28% of White American households.

While the lack of broadband access is a key concern, it is only one facet of the digital divide. Comprehensive digital inclusion also entails affordable internet subscriptions, internet-enabled devices, applications, digital skills, and high-quality technical support.

For instance, although smartphone and tablet penetration is roughly the same among White, Black, and Hispanic and Latino adults in the U.S., only 69% of Black Americans and 67% of Hispanic Americans own desktop or laptop computers, compared to 80% of White Americans.

The lack of internet access is particularly pronounced in rural, southern areas with higher Black populations. Researchers have found that African Americans across rural counties in 10 mostly southern states were nearly twice as likely to report not having home internet access as white Americans in the same region, Reuters reported. The Biden administration’s grant is a step towards addressing this disparity and promoting digital equity.

What’s Next:

Recognizing the urgency of this broadband and digital divide issue, the Biden administration’s $930 million grant is part of the Department of Commerce’s “Enabling Middle Mile Broadband Infrastructure Program,” which will fund the deployment of over 12,000 miles of new fiber optic cable across 35 states and Puerto Rico.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

US household debt hits a new record, NY Fed finds

Mortgage November 7, 2025

Pols Fear Social Security Reform, But Experts Lean In With Solutions

Retirement November 7, 2025

Review Your Part D Plan Now, In Case The Medicare Plan Finder Glitches

Retirement November 6, 2025

Bessent says US housing market in ‘recession’ due to Federal Reserve interest rate policies

Mortgage November 5, 2025

4 Common Mistakes Folks Make In Retirement

Retirement November 5, 2025

Ex-Truist And Balentine Advisors Leave Behind $4.5 Billion To Launch Atlanta RIA Targeting Families With At Least $30 Million In Assets

Retirement November 4, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

15 Short Certificate Programs That Can Open Doors to Higher-Paying Jobs

November 8, 20250 Views

Ex-Trump advisor raises alarm over bipartisan credit card plan that could hurt Americans

November 7, 20251 Views

US household debt hits a new record, NY Fed finds

November 7, 20251 Views

Pols Fear Social Security Reform, But Experts Lean In With Solutions

November 7, 20250 Views
Don't Miss

Want to Retire Overseas on a Military Pension? Here Are the 5 Best Places to Stretch Your Dollars.

By News RoomNovember 7, 2025

Matyas Rehak / Shutterstock.comAfter a career of service and sacrifice, military veterans face an important…

Turn Receipts Into Cash With These 3 Apps

November 7, 2025

Best Lesser-Known Financial Tools for 2026

November 7, 2025

Review Your Part D Plan Now, In Case The Medicare Plan Finder Glitches

November 6, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.