[Washington], June 28, 2023 – U.S. Black Chambers, Inc. proudly applauds President Biden and Vice President Harris for their compelling address during the Investing in America Event on Monday, June 26, 2023. Their announcement of over $40 billion in funding allocations for high-speed internet infrastructure across all U.S. states, territories, and D.C. marks a significant milestone.
The BEAD (Broadband Equity Access and Deployment) Program, with a substantial budget of $42.45 billion, overseen by the Department of Commerce, ensures that each state and territory receives no less than $107 million and $27 million, respectively. Notably, 19 states have been granted allocations exceeding $1 billion.
Moreover, this initiative is projected to create an estimated 150,000 plus jobs, providing a substantial boost to the workforce. By investing in America on an unprecedented scale, the Biden-Harris Administration is leading a nationwide effort to make affordable, reliable, high-speed internet accessible to every American.
USBC wholeheartedly supports the administration’s endeavors to foster innovation, generate employment opportunities, and create inclusive prospects for Black business owners and chamber leaders across the country. Together, we are actively constructing a stronger, more prosperous future for our nation.