Treasury Announces Four Additional Capital Projects Fund Awards to Increase Access to Affordable, High-Speed Internet
July 14, 2022
The US Department of the Treasury announced the approval of an additional group of four states under the American Rescue Plan’s Coronavirus Capital Projects Fund (CPF): Kansas, Maine, Maryland, and Minnesota:
- Kansas, approved for $83.5 million, estimates it will connect 21,300 homes and businesses by building high-speed internet service in areas where there is a demonstrated need. The Broadband Acceleration Grant Program, a competitive grant program, will contribute to bridging the digital divide by providing access to reliable high-speed internet connections. CPF dollars will help build reliable infrastructure that is affordable in the areas the program is designed to serve.
- Maine, approved for $110 million, estimates it will connect 22,500 homes and businesses by supporting the Maine Infrastructure Ready to invest in qualified locations that can be served by line extensions of existing networks or new networks. This competitive grant program is focused on serving locations that currently lack access to reliable high-speed internet access , including remote locations in Maine’s most rural counties.
- Maryland, approved for $95 million, estimates it will connect 16,667 homes and businesses by supporting the Network Infrastructure Grant Program, a competitive broadband grant program that will provide funding directly to internet service providers (ISPs) for qualifying large-scale broadband projects in areas that lack service. The program aims to close the racial and socioeconomic digital divide across the state.
- Minnesota, approved for $68.4 million, estimates it will connect 23,517 homes and businesses by using the funds for its Border-to-Border Broadband Development Grant Program, a competitive grant program designed to provide financial resources for new and existing ISPs to invest in building broadband infrastructure in areas of the state that currently lack high-speed internet.
Treasury Announces Four Additional Capital Projects Fund Awards to Increase Access to Affordable, High-Speed Internet