House OKs $819B stimulus bill in win for Obama...This could be huge for JNIP
Democrats Propose $6 Billion for Broadband Amy Schatz reports on the economic stimulus and tech policy.
The $825 billion proposal from the incoming Obama administration and House Democrats includes $6 billion to improve the U.S. broadband infrastructure, which is lacking in many rural and mountainous areas, particularly in the West.
There aren’t a lot of details yet on how that $6 billion would be given out, but it doesn’t seem to encompass tax breaks phone and cable companies were lobbying for. The wireless industry was cheering Thursday morning, however, since they had been lobbying heavily to make sure they were included in any broadband stimulus program.
A summary of the spending released by House Democrats calls for the money to be used on “broadband and wireless grants.”
On Wednesday, an Obama adviser who’s been in charge of the broadband stimulus package indicated that industry and tech expectations about the broadband part of the package had gotten a bit out of control.
“The broadband piece of the Obama agenda is not going to be done solely in the economic recovery package,” said Blair Levin, a telecom analyst and former FCC chief of staff who’s been advising the campaign on how to structure its broadband plan. He was speaking at a tech conference on Capitol Hill.
Levin said the incoming administration was looking at handing out the broadband grants through “existing structures,” so they can get the money out into communities quickly.
There are just a few existing government programs that have given out broadband grants in the past, including the U.S. Department of Agriculture’s tiny Rural Development Broadband Loan and Loan Guarantee Program.
The money could also flow through the Commerce Department’s National Telecommunications and Information Administration or through a federal subsidy program run by the FCC, where Obama tech adviser, Julius Genachowski, is expected to be named chairman.
“This money should be tied to a single agency that can uphold clear principles of public service and enforce concrete administrative accountability,” said Ben Scott, policy director of Free Press, a public interest group which had called for upwards of $44 billion to be spent to expand broadband availability.
“While $6 billion is not as much as we had hoped for, it is a substantial investment,” Scott said.
(OTCBB:JNIP) is a publicly traded holding company, predominantly operating in the broadband installation and wireless infrastructure service. The Company is providing its services to build the infrastructure that supports next generation wireless technology. We build, upgrade and maintain and monitor our nation’s critical communication elements and assure restoration of services in the face of unplanned events.
The Company offers infrastructure services on turn key based solutions for telecom operations and government agencies. With experience in turn key projects in more than 21 states, the Company’s wholly owned subsidiary, New Wave Communications, Inc., has implemented major projects for:
Sprint/Nextel Verizon ATT Wireless/Cingular T-Mobile Bechtel Cricket Revol Crown Castle General Dynamic
Some of the major companies whose broadband projects have been supported in the past by Juniper’s team include Cox, Motorola, Comcast, Time Warner and Cablevision.
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