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August 08, 2005
$1 billion to bridge the digital divide
The Bronx will be the launch venue for a nationwide $1 billion Internet initiative (access@home) from Local Initiatives Support Corp. (LISC), the National Equity Fund (NEF) and One Economy. On hand will be Senator Hillary Clinton and former Treasury secretary Robert Rubin, both of whom are working to bridge the digital divide across the state.
Hillary explains what the new $1 billion Internet initiative means for New Yorkers:
"Today, one of the greatest catalysts for fostering economic opportunity and opening up new markets is the Internet, but for too many people, the digital divide is still too wide. All New Yorkers -- from the Bronx to Buffalo and beyond -- need to be wired with next-generation broadband technology in order to succeed in the global marketplace. With access@home, LISC/NEF and One Economy will help bring the power of technology into thousands of households so that every family can have the tools for success in today's technology-rich economy."
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