On June 26, 2023, President Biden announced plans to spend $42 billion on the Broadband Equity Access and Deployment Program (BEAD) by 2030. The goal of the BEAD program is to ensure universal access to affordable, high-speed broadband internet in the United States.
The $42 billion investment will be allocated to different areas. One of these areas is expanding broadband access in rural areas. The program aims to bridge the gap in internet connectivity in rural communities, where access to broadband is limited.
Another area of allocation is providing subsidies for low-income households. The BEAD program will offer financial assistance to low-income households, making broadband internet more affordable and accessible.
Additionally, the funds will be used to support the deployment of new technologies. This will advance the development and implementation of innovative broadband technologies, enhancing internet infrastructure across the country.
The BEAD program is a major investment in the future of the United States. It has the potential to improve the lives of millions of Americans and help to close the digital divide.
