The BEAD program is projected to contribute $84.8 billion to GDP, while the ACP and TBCP are estimated to add $55.2 billion and $5.99 billion, respectively.
The study highlights industries including information, government, and finance, which will economically benefit from increased broadband usage as per the federal programs.
Keynesian Technology’s analysis shows that the federal broadband programs can drive significant economic growth, likening their potential impact to past significant infrastructure investments.
The authors defended the broadband programs against criticisms by comparing them to the retroactive praises for the Rural Electrification Act, suggesting they too will pay off.
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