[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.
This commitment stands on par with the historic federal investment that brought electricity to countless homes and farms, benefiting millions of families and our economy as a whole.
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.
About the U.S. Black Chambers, Inc.
The U.S. Black Chambers, Inc. (USBC) is the voice of Black business owners and a top advocate for resources and policies that impact Black business owners. To learn more visit: usblackchambers.org