Broadband Stimulus Grants : Demand And Supply
Posted: December 14th, 2009.
The American government had instituted a broadband stimulus funding to bridge the digital divide between the haves and have-nots. But is the supply sufficient to meet the demand? Here are some statistics
Number of American households without internet access in 2008 : 58 million
Number of American households with no internet in 2014 : 40 million (estd.)
Broadband stimulus granted : $7.2 billion Or $164 per household.
Actual stimulus needed per household : $1,500 per household Or $60 billion.
This report by Insight research claims the actual stimulus required is thus seven times the grant currently allocated.
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Time January 5, 2010 at 4:03 am
[...] the broadband stimulus plan will only offer around $7.4 billion, it is estimated that 40 million households will lack broadband [...]