President Biden, Treasury Department Announce Approval of Federal Funds to Connect 16,000 North Carolina Homes and Businesses to High-Speed Internet

President Joe Biden announced that the U.S. Department of the Treasury approved $82.2 million for high-speed internet projects in North Carolina under the American Rescue Plan’s Capital Projects Fund (CPF), which the state estimates will connect approximately 16,000 homes and businesses to affordable, high-speed internet. The $82.2 million will fund the Broadband Stop Gap Solutions Program to extend high-speed internet service to reach individual or small pockets of households or businesses which have not been reached through prior federal investments. North Carolina’s Broadband Infrastructure Office will work with counties to identify remaining locations that lack high-speed internet and then make Stop Gap Program awards on a county-by-county basis. Overall, the Biden-Harris Administration is investing $3 billion in North Carolina to connect everyone in the state to affordable, reliable high-speed internet through the American Rescue Plan and Bipartisan Infrastructure Law.