ReConnect Program Receives 53 Applications Worth $635M for Rural Broadband Loan/Grant Funding

The Department of Agriculture (USDA) Rural Development received 53 applications requesting more than $635 million in loan-grant combination funding in the first round of the USDA ReConnect Pilot Program. The USDA made $200 million available for loan-grant combination projects in the first round of funding. The applications came from rural areas across 33 states, representing 1,099 farms and 859 businesses. Though the loan-grant application process is closed, the government will still accept applications for low-interest loans through July 12.