One Year In: Treasury Department’s Capital Projects Fund Connecting Nearly Two Million Families and Businesses

One year after announcing the first awards under the American Rescue Plan Act's (ARPA) Capital Projects Fund (CPF) in 2022, the US Department of the Treasury has awarded approximately $6.7 billion for broadband, digital technology, and multi-purpose community center projects in 42 states, which those states estimate will reach more than 1.88 million businesses, homes and other locations. These ARPA dollars are working in tandem with the Infrastructure Investment and Jobs Act's (IIJA) Affordable Connectivity Program (ACP) to close the digital divide as a part of President Biden’s Investing in America agenda – deploying high-speed internet to those without access and lowering costs for those who cannot afford it. Already, President Biden’s Investing in America agenda has delivered affordable high-speed internet to over 18 million American households. Read more here for a roundup of local coverage on how these investments are impacting communities across the country.