Gov proposes $1 billion broadband investment

By KIM SMITH DEDAM Press-Republican

LAKE PLACID โ€” Gov. Andrew Cuomo wants to make a $500 million broadband investment for high-speed Internet across the state.

The New New York Broadband Program funding would be made available to match $500 million in private business investments, bringing the total initiative to a total $1 billion, Lt. Gov. Kathy Hochul said here on Friday morning.

The goal, she announced in a room crowded with civic and business leaders at the Lake Placid Conference Center, is to ensure that every person in the state has high-speed Internet by the end of 2018.

The program is part of Gov. Andrew Cuomoโ€™s Executive Budget, set for release on Wednesday, Jan. 21, and subject to approval by state lawmakers.

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