President Biden is slated to deliver remarks Thursday afternoon in North Carolina, where he is set to announce $82 million in new investments to connect homes and businesses in the state to high-speed internet.
Biden will go to the Raleigh-Durham area in the critical battleground state to make the announcement, alongside Gov. Roy Cooper (D). The funding comes from the American Rescue Plan, the COVID-19 relief package Biden signed into law in 2021, and aims to connect an additional 16,000 homes and businesses in North Carolina.
The investment, according to a fact sheet from the White House, will also create jobs in manufacturing and construction to produce “Made-in-America fiber-optic cable that will build out internet infrastructure across the country.”
Biden’s remarks will highlight his so-called Bidenomics agenda, which is his economic plan to build the economy from the bottom up and the middle out.
The event is scheduled for 2:15 p.m. EST.
Watch the live video above.