Tuesday, June 1, 2010

Google gets front-row seat for broadband stimulus spending

Wall Street Journal

A nonprofit organization overseen by employees of Google Inc., Intel Corp. and other technology firms has won the right to distribute more than $7 million in federal stimulus funding aimed at expanding Internet access in California, and is now seeking millions more.

The California Emerging Technology Fund is applying for more than $12 million in additional stimulus funds to increase broadband access--giving a Google employee a hand in a noble pursuit that also dovetails with the company's broader mission, and influence over a quasipublic entity doling out government grants.

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