Obama to announce broadband grants to spur jobs

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
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