U.S. Treasury allocates $228 million for New York State internet projects

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By Carina

The U.S. Treasury has recently made a significant move to enhance internet connectivity across New York State. 

On Monday, it was announced that over $228 million has been allocated from the American Rescue Plan’s Capital Projects Fund, a substantial COVID-era initiative with a $10 billion budget. 

Federal funding boosts New York’s connectivity

This funding is specifically targeted to boost high-speed internet projects, focusing on connecting rural and underserved communities across the state.

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This development is critical, coinciding with the New Hampshire primary, which could further establish Donald Trump as the leading Republican nominee. 

The Biden administration, in response, is intensifying efforts to showcase the concrete outcomes of its economic policies. 

This includes the significant $1.9 trillion COVID relief funding passed by Democrat-controlled Congress, underlining the administration’s commitment to enhancing public infrastructure and services.

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U.S. Treasury grants $228 million for NY internet projects to bridge digital divide

The funds are directed to New York’s Municipal Infrastructure Program, a scheme that offers competitive grants to local governments and internet service providers. 

The primary aim is to construct “last-mile” high-speed internet connections. These efforts are expected to benefit tens of thousands of homes and businesses, particularly in underserved and rural areas, thereby narrowing the digital divide.

To emphasize the impact of these investments, U.S. Treasury Secretary Janet Yellen is set to visit Chicago and Milwaukee later in the week. 

She plans to argue that the economic benefits of Biden’s extensive COVID relief and other legislative measures like infrastructure, semiconductors, and clean energy exceed those of Trump’s 2017 tax cuts. 

Highlighting infrastructure focus with Representative Velazquez’s support

These visits are part of a broader strategy to highlight the administration’s focus on tangible improvements in public infrastructure and services.

A notable voice in this initiative is Representative Nydia Velazquez, a Democrat from New York City. 

She expressed her support for the funding, stating, “This $228 million in federal funding, made possible by the American Rescue Plan, which I was proud to help pass in Congress, will allow our state to take a big step toward closing the digital divide and ensuring reliable internet access for New Yorkers in underserved communities.”

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Treasury’s $9 billion for expanding internet access

The Treasury’s recent decision is part of a larger trend, as it has approved over $9 billion in Capital Projects Fund awards since June 2022. 

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This includes a $100 million allocation last year for New York, aimed at connecting over 100,000 low-income housing units to high-speed internet infrastructure. 

The department has highlighted that the funding is projected to expand internet access to more than 2 million locations, marking a significant step in bridging the digital divide and enhancing connectivity for numerous communities.

Biden’s high-speed internet investment: Cornerstone of economic strategy

This investment in high-speed internet infrastructure is a vital component of the Biden administration’s broader financial strategy. 

It not only addresses immediate connectivity needs but also sets the stage for long-term economic benefits and societal progress, particularly in underserved and rural communities.

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