Policy Backgrounders
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Navigating the Economic Storm

Policy Backgrounders

CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.

Broadband Investments to Connect All Americans Announced

July 13, 2023

The Administration recently announced $42.5 billion in allocations to states for the High-Speed Internet Grant Program as part of the Infrastructure Investment and Jobs Act, with states receiving between $107 million to $3.3 billion based on population and identified gaps in broadband access.

  • The program is part of the Administration’s goal of connecting every American household to high-speed internet by 2030; estimates show 8.5 million households and small businesses lack high-speed connections today with millions more facing limited coverage.
  • States—which had already begun assessing broadband needs—have until the end of the year to submit initial plans with final implementation plans likely coming in 2025.
  • The announcement was hailed by policymakers and industry participants as crucial for addressing gaps in broadband connectivity, adding to the growing list of federal investments in infrastructure and manufacturing aimed at boosting US resiliency and productivity. 

Download Committee for Economic Development

Authors

Dr. Lori Esposito Murray

Dr. Lori Esposito Murray

Former President

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Mitchell Barnes

Mitchell Barnes

Senior Economic Policy Analyst

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Publications

Webcasts, Podcasts and Videos

Window on China: Outlook for 2024

January 25, 2024 09:00 AM CET (Brussels), 04:00 PM SGT (Singapore)

China's evolving data security regulatory framework

September 14, 2023 03:00 AM ET (New York), 09:00 AM CET (Brussels), 03:00 PM SGT (Singapore)

Press Releases / In the News

BRIEF

Inflation Heads in Wrong Direction for Fed

April 26, 2024

BRIEF

US Economic Growth Cooled in Q1 2024

April 25, 2024

PRESS RELEASE

US Leading Economic Index® (LEI) Fell in March

April 18, 2024

BRIEF

March retail sales rose, but real Q1 spending was lackluster

April 15, 2024

BRIEF

CPI remained stubbornly elevated in March

April 10, 2024

BRIEF

Employment Report Poses Some Risk to Fed Cut Timing

April 05, 2024

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