Obama stimulus helps the tech industry
ADOTAS — The $825 billion stimulus package unveiled today includes money for the digital-television transition, health information tech and broadband.
The Democrat-sponsored plan gives $650 million to digital-television transfers, which apparently was going broke, and includes $20 billion in proposed spending for health information technology. The proposal also includes $6 billion for broadband.
Legislators, telecom companies and advocates pushed for increasing the availability and building greater quality high-speed Web access in the U.S. (I was surprised to find that the US slipped to 15th from 4th place since 2001 in broadband penetration). Cable companies wanted tax breaks, which they didn’t get, and subsidies to push into underserved areas, cutting costs and expanding user base.
The Telecommunications Industry Association wanted a $25 billion grant program. But some is better than none.
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