Yellen Promotes Rural Investment through Broadband Expansion in Virginia

Treasury Secretary Janet Yellen will visit Stafford County, Virginia to highlight the significance of investing in rural areas, following the implementation of broadband infrastructure funded by President Joe Biden’s American Rescue Plan and the Coronavirus Capital Projects Fund. Yellen will attend a Comcast high-speed internet installation site where almost 700 households have gained access to broadband services due to ARP funds and the CPF. The trip comes as Biden promotes his legislative agenda, which includes measures to strengthen domestic manufacturing, improve infrastructure, and reduce energy expenses. Financial markets anticipate the release of fresh U.S. Inflation data this week, with the Producer Price Index and Consumer Price Index being published on Tuesday and Wednesday, respectively. Comcast has invested almost $900 million in Virginia over the past three years, providing broadband services to numerous individuals in the state, as part of a public-private partnership partly financed via the Commonwealth of Virginia’s Telecommunications Initiative and the ARP.