FIRST STIMULUS FUNDING AWARDEES ANNNOUNCED FOR BROADBAND PROJECTS

News Date December 22, 2009

Last week, Vice President Joe Biden announced the first awardees of the $7.2 billion in American Recovery and Reinvestment Act (the Stimulus) funding for broadband grant and loan programs. These initial awards will total $183 million in eighteen broadband projects in seventeen states, which has been matched by more than $46 million in public and private sector capital. According to a USDA news release, $2 billion of these awards will be announced over the next 75 days. (Contact: David Hickey)