• 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

53% of U.S. Homes Lost Value This Year — 27 Places Where It’s the Worst

November 19, 2025

Why Women Walk Away From Careers at Their Peak — and the Crisis No One Talks About

November 19, 2025

Ackman says taxpayers could reap $300B under his plan for Fannie Mae, Freddie Mac

November 18, 2025
Facebook Twitter Instagram
Trending
  • 53% of U.S. Homes Lost Value This Year — 27 Places Where It’s the Worst
  • Why Women Walk Away From Careers at Their Peak — and the Crisis No One Talks About
  • Ackman says taxpayers could reap $300B under his plan for Fannie Mae, Freddie Mac
  • 3 Planning Issues At Year-End 2025 For Nonqualified Retirement Plans
  • 20 Cities Where It’s Cheaper to Buy a Home Than Rent One
  • Find Work for the Holidays With Monster’s Seasonal Hiring Index
  • 5 Ways to Get Free Internet If You’re Over 60
  • Younger Boomers Are Driving On-Demand Living In Retirement
Wednesday, November 19
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

Ackman says taxpayers could reap $300B under his plan for Fannie Mae, Freddie Mac

Mortgage November 18, 2025

3 Planning Issues At Year-End 2025 For Nonqualified Retirement Plans

Retirement November 18, 2025

5 Ways to Get Free Internet If You’re Over 60

Savings November 18, 2025

Younger Boomers Are Driving On-Demand Living In Retirement

Retirement November 17, 2025

The Quiet Rule That Could Slash Your Cable Bill in Half

Savings November 17, 2025

Mortgage rates tick higher for second straight week

Mortgage November 16, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Why Women Walk Away From Careers at Their Peak — and the Crisis No One Talks About

November 19, 20250 Views

Ackman says taxpayers could reap $300B under his plan for Fannie Mae, Freddie Mac

November 18, 20251 Views

3 Planning Issues At Year-End 2025 For Nonqualified Retirement Plans

November 18, 20252 Views

20 Cities Where It’s Cheaper to Buy a Home Than Rent One

November 18, 20251 Views
Don't Miss

Find Work for the Holidays With Monster’s Seasonal Hiring Index

By News RoomNovember 18, 2025

elbud / Shutterstock.comAs the holiday season approaches, employers across the country are ramping up hiring…

5 Ways to Get Free Internet If You’re Over 60

November 18, 2025

Younger Boomers Are Driving On-Demand Living In Retirement

November 17, 2025

‘Dawson’s Creek’ Star James Van Der Beek Is Selling Memorabilia ‘to Help With the Financial Cost of Fighting Cancer,’ Highlighting Medical Care Expenses

November 17, 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.