NEWPORT, R.I.--(BUSINESS WIRE)--May 23, 2025--
In partnership with the Rhode Island Commerce Corporation, GoNetspeed, the Northeast’s largest independent fiber optic network builder, today celebrated GoNetspeed’s planned expansion into Newport, Rhode Island. Marking GoNetspeed’s first Rhode Island community, Newport also signifies a significant milestone for the company, as Rhode Island is the tenth state in GoNetspeed’s growing footprint.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250523831418/en/
The combined $13 million investment was made possible through a $9 million award from Rhode Island Commerce Corporation’s Capital Projects Fund (CPF) with a $3.9 million match from GoNetspeed. This expansion will bring more than 8,200 homes and businesses throughout Newport access to high-speed, 100% fiber internet with speeds scaling up to two gigabits per second.
“Rhode Islanders deserve access to fast, reliable internet,” said Rhode Island Governor Dan McKee. “This investment is not just about connectivity; it’s about strengthening our economy, supporting local businesses, and ensuring everyone can participate in today’s digital world—key goals of our RI 2030 plan.”
“With ConnectRI, we’re delivering targeted broadband solutions that make a real difference in the lives of residents and businesses,” said Rhode Island Secretary of Commerce Liz Tanner. “These investments will help strengthen Rhode Island’s infrastructure and keep us competitive.”
“GoNetspeed is continuing to elevate the quality of life in communities throughout the Northeast with access to 100% fiber internet, and we aren’t slowing down. We are thrilled to celebrate Newport as the first Rhode Island community slated to gain access to our high-speed fiber-optic network,” said Richard Clark, GoNetspeed President and CEO. “We are grateful for the support we have received from the Rhode Island Commerce Corporation, as they have made it possible for us to ensure that Rhode Island communities have the resources needed to thrive.”
Construction is expected to begin as early as fall of 2025, with the first customers expected to be connected by spring 2026. As construction begins this fall, homes and businesses will be connected neighborhood by neighborhood. The full construction process is expected to be complete by the end of 2026. Residents can visit https://www.gonetspeed.com/ to pre-order service and receive an exclusive pre-order offer, along with construction updates.
GoNetspeed’s expansion into Rhode Island underscores its commitment to bridging the digital divide and providing communities access to the latest technology. The company's 100% fiber-optic network is future-proof, capable of supporting the ever-increasing bandwidth demands of emerging technologies and applications.
Recently, GoNetspeed unveiled a $250 million investment that will bring fiber-optic internet to 27 communities throughout Massachusetts. This significant investment follows continued network additions and expansions throughout New York and Connecticut, and most recently, full network upgrades in four Vermont communities. The privately funded company continues to scale, bringing access to 100% internet throughout the Northeast.
About the Capital Projects Fund
This initial investment from the state CPF is part of a larger effort by Rhode Island Commerce Corporation’s ConnectRI program to connect all remaining unserved and underserved locations – meaning locations without access to 100/20Mbps service – across Rhode Island to affordable, reliable, high-speed internet.
This project is being supported, in whole or in part, by federal award number CPFFN0169 awarded to the Rhode Island Commerce Corporation by the U.S. Department of the Treasury.
About GoNetspeed:
GoNetspeed, a high-speed fiber internet provider serving residential and business customers in Maine, Alabama, Connecticut, Massachusetts, Missouri, New York, Pennsylvania, Vermont, and West Virginia, formed a partnership with Oak Hill Capital (“Oak Hill”) in January 2021, allowing GoNetspeed to accelerate the expansion of its fiber network throughout the Northeastern U.S. Adding thousands of new service areas every year, GoNetspeed is one of the largest independent internet providers in the Northeast. For more information about GoNetspeed, or to inquire about service in your residence, business or community, visit gonetspeed.com.
Richard Clark, GoNetspeed President & CEO, Celebrates Growing Footprint and 10th State Alongside Rhode Island Governor Dan McKee, Rhode Island Secretary of Commerce Liz Tanner
U.S. forces have boarded another oil tanker in the Caribbean Sea. The announcement was made Friday by the U.S. military. The Trump administration has been targeting sanctioned tankers traveling to and from Venezuela.
The pre-dawn action was carried out by U.S. Marines and Navy, taking part in the monthslong buildup of forces in the Caribbean, according to U.S. Southern Command, which declared “there is no safe haven for criminals” as it announced the seizure of the vessel called the Olina.
Navy officials couldn’t immediately provide details about whether the Coast Guard was part of the force that took control of the vessel as has been the case in the previous seizures. A spokesperson for the U.S. Coast Guard said there was no immediate comment on the seizure.
The Olina is the fifth tanker that has been seized by U.S. forces as part of a broader effort by Trump’s administration to control the distribution of Venezuela’s oil products globally following the U.S. ouster of President Nicolás Maduro in a surprise nighttime raid.
The latest:
Richard Grenell, president of the Kennedy Center, says a documentary film about first lady Melania Trump will make its premiere later this month, posting a trailer on X.
As the Trumps prepared to return to the White House last year, Amazon Prime Video announced a year ago that it had obtained exclusive licensing rights for a streaming and theatrical release directed by Brett Ratner.
Melania Trump also released a self-titled memoir in late 2024.
Some artists have canceled scheduled Kennedy Center performances after a newly installed board voted to add President Donald Trump’s to the facility, prompting Grenell to accuse the performers of making their decisions because of politics.
Mexico President Claudia Sheinbaum says that she has asked her foreign affairs secretary to reach out directly to U.S. Secretary of State Marco Rubio or Trump regarding comments by the American leader that the U.S. cold begin ground attacks against drug cartels.
In a wide-ranging interview with Fox News aired Thursday night, Trump said, “We’ve knocked out 97% of the drugs coming in by water and we are going to start now hitting land, with regard to the cartels. The cartels are running Mexico. It’s very sad to watch.”
As she has on previous occasions, Sheinbaum downplayed the remarks, saying “it is part of his way of communicating.” She said she asked her Foreign Affairs Secretary Juan Ramón de la Fuente to strengthen coordination with the U.S.
Sheinbaum has repeatedly rebuffed Trump’s offer to send U.S. troops after Mexican drug cartels. She emphasizes that there will be no violation of Mexico’s sovereignty, but the two governments will continue to collaborate closely.
Analysts do not see a U.S. incursion in Mexico as a real possibility, in part because Sheinbaum’s administration has been doing nearly everything Trump has asked and Mexico is a critical trade partner.
Trump says he wants to secure $100 billion to remake Venezuela’s oil infrastructure, a lofty goal going into a 2:30 meeting on Friday with executives from leading oil companies. His plan rides on oil producers being comfortable in making commitments in a country plagued by instability, inflation and uncertainty.
The president has said that the U.S. will control distribution worldwide of Venezuela’s oil and will share some of the proceeds with the country’s population from accounts that it controls.
“At least 100 Billion Dollars will be invested by BIG OIL, all of whom I will be meeting with today at The White House,” Trump said Friday in a pre-dawn social media post.
Trump is banking on the idea that he can tap more of Venezuela’s petroleum reserves to keep oil prices and gasoline costs low.
At a time when many Americans are concerned about affordability, the incursion in Venezuela melds Trump’s assertive use of presidential powers with an optical spectacle meant to convince Americans that he can bring down energy prices.
Trump is expected to meet with oil executives at the White House on Friday.
He hopes to secure $100 billion in investments to revive Venezuela’s oil industry. The goal rides on the executives’ comfort with investing in a country facing instability and inflation.
Since a U.S. military raid captured former Venezuelan leader Nicolás Maduro on Saturday, Trump has said there’s a new opportunity to use the country’s oil to keep gasoline prices low.
The full list of executives invited to the meeting has not been disclosed, but Chevron, ExxonMobil and ConocoPhillips are expected to attend.
Attorneys general in five Democratic-led states have filed a lawsuit against President Donald Trump’s administration after it said it would freeze money for several public benefit programs.
The Trump administration has cited concerns about fraud in the programs designed to help low-income families and their children. California, Colorado, Minnesota, Illinois and New York states filed the lawsuit Thursday in the U.S. District Court for the Southern District of New York.
The lawsuit asks the courts to order the administration to release the funds. The attorneys general have called the funding freeze an unconstitutional abuse of power.
Iran’s judiciary chief has vowed decisive punishment for protesters, signaling a coming crackdown against demonstrations.
Iranian state television reported the comments from Gholamhossein Mohseni-Ejei on Friday. They came after Supreme Leader Ayatollah Ali Khamenei criticized Trump’s support for the protesters, calling Trump’s hands “stained with the blood of Iranians.”
The government has shut down the internet and is blocking international calls. State media has labeled the demonstrators as “terrorists.”
The protests began over Iran’s struggling economy and have become a significant challenge to the government. Violence has killed at least 50 people, and more than 2,270 have been detained.
Trump questions why a president’s party often loses in midterm elections and suggests voters “want, maybe a check or something”
Trump suggested voters want to check a president’s power and that’s why they often deliver wins for an opposing party in midterm elections, which he’s facing this year.
“There’s something down, deep psychologically with the voters that they want, maybe a check or something. I don’t know what it is, exactly,” he said.
He said that one would expect that after winning an election and having “a great, successful presidency, it would be an automatic win, but it’s never been a win.”
Hiring likely remained subdued last month as many companies have sought to avoid expanding their workforces, though the job gains may be enough to bring down the unemployment rate.
December’s jobs report, to be released Friday, is likely to show that employers added a modest 55,000 jobs, economists forecast. That figure would be below November’s 64,000 but an improvement after the economy lost jobs in October. The unemployment rate is expected to slip to 4.5%, according to data provider FactSet, from a four-year high of 4.6% in November.
The figures will be closely watched on Wall Street and in Washington because they will be the first clean readings on the labor market in three months. The government didn’t issue a report in October because of the six-week government shutdown, and November’s data was distorted by the closure, which lasted until Nov. 12.
FILE - President Donald Trump dances as he walks off stage after speaking to House Republican lawmakers during their annual policy retreat, Tuesday, Jan. 6, 2026, in Washington. (AP Photo/Evan Vucci, File)
