While most of the uncertainty surrounding the recent U.S. presidential election has settled down, the heavy lifting is just getting started. The presumptive incoming administration will have plans and policies that differ from the team currently in the White House. One of those infrastructure issues is 5G networking, broadband internet connectivity and other telecom-related matters. Clients of Clark Street Associates who operate in this sector are looking for advantages over the competition and ways to get ahead of the game. Fortunately for these companies, Clark Street Associates provides a portfolio of services designed to drive growth and valuation. Given that 5G networking is the newest technology hitting the market, companies capable of getting involved in this industry will want guidance on things like government demonstrations to lock in federal contracts. In fact, there’s no better way to appeal to the incoming team of President-elect Joe Biden than having an advisory firm advocating for your company.
Current research shows that the Biden administration is likely to push for sky broadband connectivity in underserved rural, waterfront, and urban areas. One reason for this drive is the fact that there are a large number of Democratic members in the House of Representative with constituents in these rural and urban regions. What’s more, it’s likely that millions of Americans will continue to work and learn from home throughout 2021 and that’s also going to increase demand on internet infrastructure. According to Clark Street Associates, it’s likely that companies providing educational and health-related services over the internet will also see increased backing due to demand. This is worth repeating, as it allows more than telecommunications giants like Verizon, Comcast, and Sky network to prosper off 5G network expansion over land and water.
As mentioned earlier, the results of the presidential election won’t be finalized until Dec. 14, 2020 when the Electoral College votes. This makes mention of expected Trump administration policies important until the window officially closes. Research shows that investment in wireless technology would continue during a second term, but involvement of the Chinese firm Huawei would be restricted. Previous news reports show that Trump and Huawei have gone head-to-head before, with additional attacks on overseas social media platforms like TikTok. Restricting these firms gives U.S. companies an advantage in their respective marketplaces. The continuation of these Trump policies, which unfolded during the previous four years, will essentially depend on a massive reversal of votes recorded on Election Day.
What’s important for companies in telecommunications, clean water infrastructure, health and education, and satellite and sky broadband expansion to know is that Clark Street Associates provides critical guidance. A high-profile demonstration on behalf of your company for government entities could secure a lucrative contract. Also on the government front, Clark Street Associates can help identify streams of federal funding in the form of grants and contracts that will give clients a competitive edge on upcoming projects. Combine these offerings with site selection services, program management and various other strategic partnerships and your economic horizon will expand in 2021.