U.S. President Barack Obama is slated to announce on July 2 nearly $800 million in loans and grants for the build-out of broadband networks to reach homes, schools, and hospitals, Reuters reports. The grants and loans, which will be matched by another $200 million in outside investment, are part of Obama's massive federal stimulus package. The White House said the infrastructure projects will directly create 5,000 jobs and help spur economic development in some of the nation's hardest-hit communities. The planned announcement comes amid news that U.S. employment fell for the first time this year in June as thousands of...

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About the Author:

Denny Carter

Dennis has covered higher education technology since April 2008, having interviewed some of the most recognized IT pros in U.S. colleges and universities. He is always updating eCampus News with the latest in pressing ed-tech issues, such as the growing i