White House releases money for small-satellite broadband, smart cities

The U.S. government will invest tens of millions of dollars in smart-city technologies and in small-satellite broadband as part of a $300 million package focused on innovation.

The package of new investments, announced Thursday, will include $65 million in government funding and $100 million in private funding for smart cities technologies. Two new government grant programs will focus on easing traffic congestion and on creating new on-demand mobility services, including smartphone-enabled car sharing, demand-responsive buses, and bike-sharing.

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