Home > slashdot > New US Broadband Projects Get $795 Million In Funding

New US Broadband Projects Get $795 Million In Funding

July 2nd, 2010 07:07 admin Leave a comment Go to comments

snydeq writes “The Obama administration has announced nearly $795 million in grants and loans to 66 new broadband projects across the nation. The subsidies — to be doled out by the US NTIA and the US Rural Utilities Service — will bring broadband service to 685,000 businesses, 900 health-care facilities, and 2,400 schools, according to officials. The NTIA will award $404 million to 29 projects, and the grants will finance 6,000 miles of new fiber-optic lines. Most of the money will finance middle-mile broadband network projects. The RUS will award $390.9 million, with $163 million in loans and the rest in grants. Most of the RUS money is focused on last-mile broadband projects.”

Source: New US Broadband Projects Get $795 Million In Funding

Related Articles:

  1. NY State Grants $9M For Upstate Broadband Projects
  2. Telco Sues City For Plan To Roll Out Own Broadband
  3. Google Fiber Delays Broadband Award To 2011
  4. Kickstarter, Two Years And 20,000 Projects Later: $53 Million Pledged, $40 Million Collected
  5. U.S. Broadband Map Shows an Unconnected Nation
blog comments powered by Disqus