Washington, DC – A new $4.5 billion fund formed by the Federal Communications Commission (FCC) aims to bring broadband Internet access to millions of Americans living in rural areas.

The FCC estimated that its Connect America Fund will create approximately 500,000 jobs over the next six years by expanding high-speed access to over 7 million rural residents. ”

We are taking a system designed for the Alexander Graham Bell era of rotary telephones and modernizing it for the era of Steve Jobs and the Internet future he imagined,” said FCC chairman Julius Genachowski.

The effort also will include dedicated support to expand mobile broadband nationwide.

This article was also published in Bay Area Tech Wire.

Related link:

FCC press release