Belden Leaders Join Senate Majority Leader Schumer, White House for Virtual Meeting

Rhea-AI Summary

Belden Inc. (NYSE: BDC) joined Senator Chuck Schumer, Senior White House advisor Mitch Landrieu, and Assistant Secretary Alan Davidson from the National Telecommunications and Information Administration (NTIA) to recognize Belden’s investment in broadband innovation at its Syracuse, NY, facility. This includes $9 million to increase fiber cable extrusion, termination, and testing and 200 additional jobs needed to meet 'Buy America' requirements of the federally-funded programs. The company is answering the call by investing in research and development, capital projects, and job creation in Syracuse and across the United States. The Bipartisan Infrastructure Law (BIL) signed by President Biden on November 15, 2021, includes $65 billion to provide affordable, high-speed internet to all Americans, with the $42.45 billion Broadband Equity, Access, and Deployment (BEAD) program specifically aimed at reaching rural unserved and underserved communities. Belden’s New York-based operations have focused on improvements to manufacturing processes and repositioning teams to better support U.S. customers benefiting from these federal programs, helping maintain a strong position within the North American broadband market.

Positive

• Belden's investment in broadband innovation demonstrates its commitment to research and development, capital projects, and job creation, positioning the company as a leading provider of network and digitization solutions.
• The company's focus on improving manufacturing processes and talent investment reflects its dedication to supporting U.S. customers and maintaining a strong position within the North American broadband market.

Negative

• None.

Call emphasized Belden innovation, capital investments, and job creation in broadband space

SYRACUSE, N.Y.--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure and digitization solutions, earlier today joined Senator Chuck Schumer, Senior White House advisor Mitch Landrieu, and Assistant Secretary Alan Davidson from the National Telecommunications and Information Administration (NTIA) as they recognized Belden’s investment in broadband innovation at its Syracuse, NY, facility.

Syracuse is home to PPC Broadband Inc., a wholly owned subsidiary of Belden, where government funding of broadband expansion has led to notable capital investment and sustainable job creation. This includes $9 million to increase fiber cable extrusion, termination, and testing and 200 additional jobs needed to meet “Buy America” requirements of the federally-funded programs.

“We understand the priorities laid out by Senator Schumer, President Biden, and other Administration officials. They want U.S.-funded programs to benefit U.S.-based industry and to be used in U.S. factories,” said Dr. Ashish Chand, Belden CEO. “Belden is answering that call by investing in research and development, capital projects and job creation in Syracuse and across the United States.”

This week marks the two year anniversary of the Bipartisan Infrastructure Law (BIL), which was signed by President Biden on November 15, 2021. The law includes $65 billion to provide affordable, high-speed internet to all Americans. The $42.45 billion Broadband Equity, Access, and Deployment (BEAD) program is funded through the BIL and is specifically aimed at reaching rural unserved and underserved communities.

Belden’s New York-based operations have focused on improvements to manufacturing processes and repositioning teams to better support U.S. customers benefiting from these federal programs, helping maintain a strong position within the North American broadband market.

“Investing in tomorrow’s workforce today is how we can breathe new life into Central New York’s manufacturing legacy, and PPC Broadband is at the forefront of this effort – ensuring New Yorkers can get the good-paying jobs to build a good life for them and their families,” said Senator Schumer.

The investments recognized by Senator Schumer, the White House, and NTIA represent Belden’s commitment to innovation as a key piece of its transformational journey to becoming the world’s leading provider of network and digitization solutions. Through a continued focus on research and development, world-class manufacturing capabilities, and talent investment, Belden remains uniquely positioned to support its many customers in the United States, throughout North America, and around the world.

About Belden

Belden Inc. delivers the infrastructure that makes the digital journey simpler, smarter and secure. We’re moving beyond connectivity, from what we make to what we make possible through a performance-driven portfolio, forward-thinking expertise and purpose-built solutions. With a legacy of quality and reliability spanning 120-plus years, we have a strong foundation to continue building the future. We are headquartered in St. Louis and have manufacturing capabilities in North America, Europe, Asia, and Africa. For more information, visit us at www.belden.com; or follow us on Facebook, LinkedIn and X/Twitter.

Belden and the Belden logo are trademarks or registered trademarks of Belden Inc. or its affiliated companies in the United States and other jurisdictions. Belden and other parties may also have trademark rights in other terms used herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231114120853/en/

Mark Banick

Director, Global Marketing – Broadband Solutions

O: 315.431.7330 M: 315.200.3142

mark.banick@belden.com

Source: Belden Inc.

FAQ

What is Belden Inc.'s investment in broadband innovation at its Syracuse, NY, facility?

Belden Inc. invested $9 million to increase fiber cable extrusion, termination, and testing, and created 200 additional jobs to meet 'Buy America' requirements of federally-funded programs.

What is the Bipartisan Infrastructure Law (BIL) and its impact on Belden's operations?

The BIL, signed by President Biden, includes $65 billion to provide affordable, high-speed internet to all Americans, with the $42.45 billion BEAD program specifically aimed at reaching rural unserved and underserved communities. Belden's New York-based operations have focused on improvements to manufacturing processes and repositioning teams to better support U.S. customers benefiting from these federal programs.

How is Belden Inc. positioning itself in the North American broadband market?

Belden Inc. is focusing on research and development, capital projects, and job creation to maintain a strong position within the North American broadband market, demonstrating its commitment to innovation and customer support.