The Biden administration unveiled this week an eight-year, $2 trillion agenda for The American Jobs Plan, which the White House said “will create millions of good jobs, rebuild our country’s infrastructure, and position the United States to out-compete China.” Quoting liberally from Axios on where the tech money goes.
- $180 billion for tech R&D, including $50 billion for the National Science Foundation, $40 billion for research labs around the country, and $30 billion for job creation in rural areas.
- $174 billion for the electric vehicle industry, including building a network of 500,000 chargers across the U.S. and ramping up American production of EVs.
- $100 billion for broadband infrastructure, with the goal of giving 100% of Americans access to high-speed broadband. (It would also attempt to make the industry more competitive, and cheaper for customers.)
- $100 billion for supply-chain work, half of which would go to projects “to support production of critical goods” in the U.S.
Why do we care?
Obviously not passed, but me and my “broadband as a utility” train is gaining speed. The goals are not immediate – but this is a big deal. I will continue to argue that this investment is only good for technology in general and IT services specifically.